401(k) · DOL Form 5500 · 2022
The Progressive Corporation & Its Participating Subsidiaries 401(k) Plan
Data updated 2026-08-06
- $7.6B
- Total assets
- 50,299
- Participants
- 100th
- Percentile by assets
- $151,285
- Avg per participant
Official DOL plan name: The Progressive 401(k) Plan · Sponsored by The Progressive Corporation & Its Participating Subsidiaries · Ohio · Finance & Insurance
$7.6B in assets, 50,299 participants
The Progressive Corporation & Its Participating Subsidiaries's The Progressive 401(k) Plan reported $7.6B in total assets and 50,299 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- 100th percentile by assets (of 139,258 plans)
- #9,241 in Finance & Insurance (9,267 peers)
Coverage in Ohio
The Progressive 401(k) Plan covers 50,299 participants in Ohio, 64x the typical Ohio plan (state average ~787 per filing). Assets: $7.6B.
- $7.6B
- total plan assets (2022 EOY)
- 50,299
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $151,285
- avg assets per participant
The plan reported a net loss of $359M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Ohio filers
In Ohio, the average filing covers about 787 participants across 4,840 plans. The Progressive 401(k) Plan reports 50,299 participants - 64x that state average ($7.6B EOY assets).
Ohio filing particulars
| Total Assets (Beginning of Year) | $8.0B |
|---|---|
| Net Assets (End of Year) | $7.6B |
| Net Income | -$359M |
| Employer EIN | 340963169 |
| Plan Effective Date | 1984-11-04 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Progressive Corporation & Its Participating Subsidiaries)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 50,299 | $7.6B |
| 2023 | 1 | 56,176 | $9.2B |
| 2024 | 1 | 62,521 | $11.5B |
Nearby 401(k) Plans in Ohio
Peer 401(k) plans, same state, same plan type, ranked by total assets.
The Progressive 401(k) Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
- The Sherwin-Williams Company 401(k) Plan $8.3B · 44,890
- The Kroger Co. 401(k) Retirement Savings Account Plan $7.3B · 116,133
- Nationwide Savings Plan $6.7B · 24,278
- Marathon Petroleum Thrift Plan $6.4B · 17,666
- Eaton Savings Plan $6.1B · 21,882
Scale composition for The Progressive 401(k) Plan
The Progressive 401(k) Plan reports $7.6B in end-of-year assets across 50,299 participants (0.065% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.056% of 89,805,449 covered participants) - about $151,285 per participant (1.1x the national average assets-per-participant) . Net income for plan year 2022 was -$359M.
This plan identity (EIN 340963169, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.6B to $11.5B (+51.6%) while covered participants moved from 50,299 to 62,521 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 50,299 | $7.6B | This page |
| 2023 | 56,176 | $9.2B | Open filing |
| 2024 · index core | 62,521 | $11.5B | Open filing |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- The Progressive 401(k) Plan (401(k), $11.5B, 62,521 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to The Progressive 401(k) Plan by total assets, not by location.
- Southwest Airlines Pilots Retirement Savings Plan (TX) $7.6B · 9,186
- Siemens Savings Plan (NJ) $7.6B · 26,048
- The General Motors Personal Savings Plan for Hourly-Rate Employees in the United States (MI) $7.5B · 40,458
- Advocate Aurora Health 401(k) Plan (IL) $7.5B · 73,838
Frequently Asked Questions
How did The Progressive 401(k) Plan assets move in 2022? ▼
How have The Progressive Corporation & Its Participating Subsidiaries plan assets changed over time? ▼
Where does The Progressive 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to The Progressive 401(k) Plan? ▼
Next read for The Progressive 401(k) Plan
Filing takeaways
Ways to act on The Progressive 401(k) Plan's numbers.
- By total assets, The Progressive 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Ohio. Compare plans
- The Progressive Corporation & Its Participating Subsidiaries's sponsor-wide assets have grown 51.6% since 2022 across 3 plan years on file. More Finance & Insurance plans