401(k) · DOL Form 5500 · 2022
The Progressive Corporation & Its Participating Subsidiaries 401(k) Plan
Data updated 2026-08-25
- $7.6B
- Total assets Very large vs avg
- 50,299
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $151,285
- Avg per participant Above avg balance/head
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.
- #9,235 in Finance & Insurance (9,261 peers)
Coverage in Ohio
The Progressive 401(k) Plan covers 50,299 participants in Ohio, 66x the typical Ohio plan (state average ~765 per filing). Assets: $7.6B.
- #9,235
- in Finance & Insurance (9,261 peers)
- -4.5%
- assets change YoY
- 76×
- vs typical plan assets (national mean)
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.
The Progressive 401(k) Plan's outsized position by total assets
The Progressive 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$7,609,508,110 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Progressive 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Progressive 401(k) Plan is a mega filing (50,299 participants), the rightmost band on the breakdown.
Published 5500 schedule card
Filing strip 340963169 · The Progressive Corporation & Its Participating Subsidiaries PY 2022 · 401(k)
The Progressive 401(k) Plan · $7.6B · 50,299 · 100th
- TYPE $7.6B
- NET 50,299
- BOOK 100th
- VS-ST 401(k)
- BOY near Southwest Airlines Pilots Retirement Savings Plan
- SCH ind #9235
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 Finance & Insurance retirement plans → · Plans in Ohio →
The Progressive 401(k) Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All The Progressive Corporation & Its Participating Subsidiaries plans reported in each filing year
- Latest sponsor-wide plan assets
- $11.5B 51.56756688179678% vs 2022
- 2024 filing year
| 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 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 (0.062% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.054% of 93,925,755 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)
The Progressive 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Ohio, the nearest 401(k) by assets is Southwest Airlines Pilots Retirement Savings Plan in TX ($7.6B); by covered participants it is Tcs 401(k) Plan in NJ (50,322 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($7.6B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (50,299 participants); asset peers above are excluded.
- Tcs 401(k) Plan (NJ) 50,322 · 23 off
- Savings Plan for Employees and Partners of Pricewatercoopers LLP (FL) 50,354 · 55 off
- Trader Joe's Company Retirement Plan (CA) 50,462 · 163 off
- Southwest Airlines Co. 401(k) Plan (TX) 50,590 · 291 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.