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Original filing (PDF)20260129145812NAL0006231394001
PROGRESS INDUSTRIES
Form 5500
FILING_RECEIVED
THRIFT PLAN FOR EMPLOYEES OF PROGRESS INDUSTRIES
403(b) retirement plan
Signals · 1
No recordkeeper disclosed
Active participants
199
Accounts w/ balance
154
Plan assets (EOY)
$10.0M
Net assets (EOY)
$10.0M
How this plan invests
This plan
31 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 50 bps in Schedule C fees — 73% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for PROGRESS INDUSTRIES.
Plan sponsor
Name
PROGRESS INDUSTRIES
EIN
42-1122161
Address
202 N 3RD AVE W · NEWTON, IA · 502083037
Phone
(641) 792-6119
Industry
Health Care & Social Assistancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-07-01
Tax period
2025-06-30
Filed
2026-01-29
Pension benefit codes
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2L · 403(b)(1) annuity
2M · 403(b)(7) custodial accounts
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
HENJES, CONNER & WILLIAMS, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsAdvisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL SECURITIES INC | 42-0941553 | — | INVESTMENT ADVISORY | $0 | — |
| WILSHIRE ADVISORS LLC | 95-2755361 | — | INVESTMENT ADVISORY | $0 | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $50K | — |
Investments
31 direct securities· $10.0M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Principal Funds Inc Registered Investment Company Prin LifeTime 2030 Inst Fund $ 0.00 | — | — | — | $2.2M | 21.9% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2020 Inst Fund $ 0.00 | — | — | — | $1.2M | 12.0% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2035 Inst Fund $ 0.00 | — | — | — | $882K | 8.8% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2025 Inst Fund $ 0.00 | — | — | — | $861K | 8.6% | |
| Principal Funds Inc Registered Investment Company Prin LgCp S&P 500 Idx Inst Fd $ 0.00 | — | — | — | $671K | 6.7% | |
| MFS Investment Management Registered Investment Company MFS Value R6 Fund $ 0.00 | — | — | — | $473K | 4.7% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2040 Inst Fund $ 0.00 | — | — | — | $404K | 4.0% | |
| Principal Life Insurance Company Insurance Company General Prin Fixed Inc Guar Option $ 0.00 | — | — | — | $367K | 3.7% | |
| Principal Funds Inc Registered Investment Company Principal Core Fixed $ 0.00 | — | — | — | $343K | 3.4% | |
| Principal Funds Inc Registered Investment Company Principal Blue Chip R6 Fund $ 0.00 | — | — | — | $303K | 3.0% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2055 Inst Fund $ 0.00 | — | — | — | $247K | 2.5% | |
| Principal Funds Inc Registered Investment Company Prin SmCp S&P 600 Idx R6 Fd $ 0.00 | — | — | — | $241K | 2.4% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime Str Inc Inst Fd $ 0.00 | — | — | — | $238K | 2.4% | |
| Principal Funds Inc Registered Investment Company Prin MidCap S&P 400 Idx R6 Fd $ 0.00 | — | — | — | $236K | 2.4% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2045 Inst Fund $ 0.00 | — | — | — | $200K | 2.0% | |
| Participant Loans Range of Interest Rates Range From 4.25% To 9.50% $ 0.00 | — | — | — | $190K | 1.9% | |
| Victory Funds Registered Investment Company Victory Sycamore Est Val R6 Fd $ 0.00 | — | — | — | $190K | 1.9% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2060 Inst Fund $ 0.00 | — | — | — | $176K | 1.8% | |
| T. Rowe Price Funds Registered Investment Company T. Rowe Price Md-Cp Gr I Fd $ 0.00 | — | — | — | $125K | 1.2% | |
| The American Funds Registered Investment Company Am Funds EUPAC R6 Fund $ 0.00 | — | — | — | $116K | 1.2% | |
| Principal Funds Inc Registered Investment Company Prin SAM Cons Growth Inst Port $ 0.00 | — | — | — | $97K | 1.0% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2050 Inst Fund $ 0.00 | — | — | — | $64K | 0.6% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2065 Inst Fund $ 0.00 | — | — | — | $57K | 0.6% | |
| Schwab Funds Registered Investment Company SCHWAB FUND EMG MKTS EQUIT IDX $ 0.00 | — | — | — | $34K | 0.3% | |
| Columbia Funds Registered Investment Company Columbia SmCap Value II I3 $ 0.00 | — | — | — | $23K | 0.2% | |
| Principal Funds Inc Registered Investment Company Prin LifeTime 2015 Inst Fund $ 0.00 | — | — | — | $20K | 0.2% | |
| Principal Funds Inc Registered Investment Company Prin SAM Cons Bal Inst Port $ 0.00 | — | — | — | $15K | 0.2% | |
| Principal Funds Inc Registered Investment Company Principal Int’l Eq Ind R6 Fd $ 0.00 | — | — | — | $14K | 0.1% | |
| Principal Funds Inc Registered Investment Company Prin SAM Balanced Inst Port $ 0.00 | — | — | — | $12K | 0.1% | |
| JP Morgan Funds Registered Investment Company JP Morgan Govt Bond R6 Fund $ 0.00 | — | — | — | $8K | <0.1% | |
| Principal Funds Inc Registered Investment Company Prin SAM Strat Grwth Inst Port $ 0.00 | — | — | — | $2K | <0.1% |
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