Benchmarking Progress Software Corporation 401(K) Plan in Bedford, MA against all plans
Progress Software Corporation 401(K) Plan in Bedford, MA has the 9th-lowest diversity of asset types (7.3%) among the 50 plans whose industry group is Other Miscellaneous Manufacturing. That 7.3% compares to an average of 16.6% across those 50 plans.
Progress Software Corporation 401(K) Plan has these asset-types standings among those 50 plans:
Progress Software Corporation 401(K) Plan has these asset-types standings among those 50 plans:
- diversity of asset types = 7.3% (9th-lowest, tied)
- total noninterest-bearing cash = $0 (the least, tied)
- receivables - employer contributions = $0 (the least in, tied)
- receivables - participant contributions = $0 (the least in, tied)
- other receivables (not employer nor participant contributions) = $0 (the least in, tied)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) = $9,512,729 (4th-most)
- U.S. government securities = $0.0K (the least in, tied)
- corporate debt instruments (preferred & other than employer securities) = $0 (the least in, tied)
- corporate debt instruments (below preferred & other than employer securities) = $0 (the least in, tied)
- corporate preferred stocks (other than employer securities) = $0 (the least in, tied)
- corporate common stocks (other than employer securities) = $0 (the least in, tied)
- partnership/joint venture interests = $0 (the least in, tied)
- real estate (other than employer real property) = $0 (the least in, tied)
- loans (other than to participants) = $0 (the least in, tied)
- participant loans = $1,020,764 (3rd-least)
- value of interest in common/collective trusts = $4,027,357 (20th-lowest)
- value of interest in pooled separate accounts = $0 (the lowest, tied)
- value of interest in master trust investment accounts = $0.0K (the lowest, tied)
- value of interest in 103-12 investment entities = $0 (the lowest, tied)
- value of interest in registered investment companies (e.g., mutual funds) = $290.40M (17th-highest)
- value of funds held in insurance company general account (unallocated contracts) = $0 (the lowest, tied)
- other general investments = $0 (the least in, tied)
- employer-related securities investments = $0 (the least in, tied)
- employer-related real-property investments = $0 (the least in, tied)
- buildings and other property used in plan operation = $0 (the least in, tied)
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Peers
better than Lockheed Martin Corporation Operations Support Savings Plan in Bethesda, MD (1.0%), Kohler Co. 401(K) Savings Plan for Administrative Associates in Kohler, WI (2.0%), Kennametal Thrift Plus Plan in Ft. Mill, SC (2.3%), and Signode Industrial Group LLC Retirement Plan in Glenview, IL (2.9%), and 4 others, ending with First Solar, Inc. 401(K) Plan in Perrysburg, OH (7.0%).
tied with 3M Savings Plan in St Paul, MN (7.3%).
trailed Promega Salary Deferral Profit Sharing Plan in Madison, WI (7.7%), Consolidated Nuclear Security 401(K) Plan for Bargaining Pantex Location Employees in Oak Ridge, TN (7.9%), Cae USA Inc Savings Investment and Employee Benefit Plan Number 1 in Tampa, FL (8.1%), and Consolidated Nuclear Security, LLC 401(K) for Non-Bargaining Pantex Location Employees in Oak Ridge, TN (9.0%), and 36 others, ending with The Spectris Group Safe Harbor 401(K) Retirement P in Westborough, MA (38.4%).
tied with 3M Savings Plan in St Paul, MN (7.3%).
trailed Promega Salary Deferral Profit Sharing Plan in Madison, WI (7.7%), Consolidated Nuclear Security 401(K) Plan for Bargaining Pantex Location Employees in Oak Ridge, TN (7.9%), Cae USA Inc Savings Investment and Employee Benefit Plan Number 1 in Tampa, FL (8.1%), and Consolidated Nuclear Security, LLC 401(K) for Non-Bargaining Pantex Location Employees in Oak Ridge, TN (9.0%), and 36 others, ending with The Spectris Group Safe Harbor 401(K) Retirement P in Westborough, MA (38.4%).
References
- diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.