ESOP · DOL Form 5500 · 2024
Progressive Ae, Inc. ESOP
Data updated 2026-08-25
- $22M
- Total assets Small plan by assets
- 293
- Participants Below avg headcount
- 72nd
- Percentile by assets National rank
- $75,792
- Avg per participant Below avg balance/head
Official DOL plan name: Progressive Ae Employee Stock Ownership Plan · Sponsored by Progressive Ae, Inc. · Michigan · Professional & Technical Services
$22M in assets, 293 participants
Progressive Ae, Inc.'s Progressive Ae Employee Stock Ownership Plan reported $22M in total assets and 293 participants in its 2024 DOL Form 5500 filing, ranking in the 72nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #14,473 in Professional & Technical Services (20,173 peers)
Coverage in Michigan
Progressive Ae Employee Stock Ownership Plan covers 293 participants in Michigan, about 46% of the average Michigan filer (state average ~638 per filing). Assets: $22M.
- #14,473
- in Professional & Technical Services (20,173 peers)
- +12.2%
- assets growth YoY
Progressive Ae Employee Stock Ownership Plan's outsized position by total assets
Progressive Ae Employee Stock Ownership Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$22,207,082 Top 28% higher than 72% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Progressive Ae Employee Stock Ownership Plan among mid-size filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Progressive Ae Employee Stock Ownership Plan sits mid-pack in the medium band (293 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Progressive Ae Employee Stock Ownership Plan reported net income fell from $6M in the plan year 2023 filing to $2M in the plan year 2024 filing.
- Progressive Ae Employee Stock Ownership Plan reported participants rose from 259 in the plan year 2023 filing to 293 in the plan year 2024 filing.
- Progressive Ae Employee Stock Ownership Plan end-of-year assets rose from $20M in the plan year 2023 filing to $22M in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 381752417 · Progressive Ae, Inc. PY 2024 · ESOP
Progressive Ae Employee Stock Ownership Plan · $22M · 293 · 72nd
- PART $22M
- PART 293
- PART 72nd
- PART ESOP
- PART near Reed & Reed, Inc. Employee Stock Ownership Plan
- PART ind #14473
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Michigan →
Progressive Ae Employee Stock Ownership Plan in the asset neighbourhood
Michigan filing particulars
| Total Assets (Beginning of Year) | $20M |
|---|---|
| Net Assets (End of Year) | $22M |
| Net Income | $2M |
| Employer EIN | 381752417 |
| Plan Effective Date | 1994-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Progressive Ae, Inc.)
Sponsor-wide plan assets over time
All Progressive Ae, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $86M 60.31272361387514% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 482 | $54M |
| 2023 | 2 | 516 | $74M |
| 2024 | 2 | 586 | $86M |
Nearby ESOP Plans in Michigan
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan $1.6B · 1,780
- The Kendall Group Employee Stock Ownership Plan $900M · 1,936
- Project Worldwide, Inc. Employee Stock Ownership Plan $453M · 1,284
- Motor City Electric Co. Employee Stock Ownership Plan $410M · 218
- Lee Contracting, Inc. Employee Stock Ownership Plan $250M · 565
Progressive Ae Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount
Outside Michigan, the nearest ESOP by assets is Reed & Reed, Inc. Employee Stock Ownership Plan in ($22M); by covered participants it is Alterman Group, Inc. Employee Stock Ownership Plan in TX (293 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($22M here).
Similar participant headcount
Nearest other-state filings by covered participants (293 participants); asset peers above are excluded.
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.