Protingent, Inc. Employee Stock Ownership Plan

Protingent, Inc., Bellevue WA. Employer ID 270030296, plan number 002. Annual reports on file for 2011 to 2024.

Where the money went

Filed 2011-2024Protingent, Inc. Employee Stock Ownership Plan, Protingent, Inc.
TodayProtingent, Inc. Employee Stock Ownership Plan still files. That is where to ask.

In plan year 2016, 35 people (40% of active participants) left before they were fully vested. Turnover that high can count as a partial plan termination (Revenue Ruling 2007-43), which requires full vesting of employer money for those who left. The plan may argue it was routine turnover. Filing
In plan year 2022, 29 people (32% of active participants) left before they were fully vested. Turnover that high can count as a partial plan termination (Revenue Ruling 2007-43), which requires full vesting of employer money for those who left. The plan may argue it was routine turnover. Filing

This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.

Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.

2014: Another plan used the same employer ID and plan number, so records can get mixed up.
2016: Another plan used the same employer ID and plan number, so records can get mixed up.

"Left, still in the plan" counts people who left the employer but still have a benefit in the plan, as reported by the plan.

Plan year	Participants	Left, still in the plan	Source
2013	86	16	Filing
2014	104	23	Filing
2015	127	36	Filing
2016	128	49	Filing
2017	107	35	Filing
2018	100	27	Filing
2019	107	27	Filing
2020	132	33	Filing
2021	144	40	Filing
2022	152	55	Filing
2023	165	56	Filing
2024	188	28	Filing

Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.