401(k) · DOL Form 5500 · 2023
The Progressive Corporation & Its Participating Subsidiaries 401(k) Plan
Data updated 2026-08-25
- $9.2B
- Total assets Very large vs avg
- 56,176
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $164,226
- 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
$9.2B in assets, 56,176 participants
The Progressive Corporation & Its Participating Subsidiaries's The Progressive 401(k) Plan reported $9.2B in total assets and 56,176 participants in its 2023 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.
- #8,847 in Finance & Insurance (8,869 peers)
Coverage in Ohio
The Progressive 401(k) Plan covers 56,176 participants in Ohio, 73x the typical Ohio plan (state average ~765 per filing). Assets: $9.2B.
- #8,847
- in Finance & Insurance (8,869 peers)
- +21.2%
- assets growth YoY
- 93×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$9,225,573,063 Highest reported value at or above every one of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
The Progressive 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Progressive 401(k) Plan is a mega filing (56,176 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Progressive 401(k) Plan reported net income rose from -$359M in the plan year 2022 filing to $1.6B in the plan year 2023 filing.
- The Progressive 401(k) Plan end-of-year assets rose from $7.6B in the plan year 2022 filing to $9.2B in the plan year 2023 filing.
- The Progressive 401(k) Plan reported participants rose from 50,299 in the plan year 2022 filing to 56,176 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 340963169 · The Progressive Corporation & Its Participating Subsidiaries PY 2023 · 401(k)
The Progressive 401(k) Plan · $9.2B · 56,176 · 100th
- SCH $9.2B
- SCH 56,176
- SCH 100th
- SCH 401(k)
- SCH near The Travelers 401(k) Savings Plan
- SCH ind #8847
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) | $7.6B |
|---|---|
| Net Assets (End of Year) | $9.2B |
| Net Income | $1.6B |
| 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.
- GE Retirement Savings Plan $19.5B · 59,766
- The Sherwin-Williams Company 401(k) Plan $10.1B · 47,362
- The Kroger Co. 401(k) Retirement Savings Account Plan $8.4B · 129,769
- Nationwide Savings Plan $7.6B · 24,715
- Marathon Petroleum Thrift Plan $7.5B · 17,818
Scale composition for The Progressive 401(k) Plan
The Progressive 401(k) Plan reports $9.2B in end-of-year assets across 56,176 participants (0.075% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.060% of 93,925,755 covered participants) - about $164,226 per participant (1.2x the national average assets-per-participant) . Net income for plan year 2023 was $1.6B.
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 | Open filing |
| 2023 | 56,176 | $9.2B | This page |
| 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 The Travelers 401(k) Savings Plan in MN ($9.2B); by covered participants it is The Hy-Vee and Affiliates 401(k) Plan in IA (56,181 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($9.2B here).
- The Travelers 401(k) Savings Plan (MN) $9.2B · 29,650
- Southwest Airlines Pilots Retirement Savings Plan (TX) $9.1B · 9,726
- Advocate Aurora Health 401(k) Plan (WI) $9.1B · 76,956
- The PNC Financial Services Group, Inc. Incentive Savings Plan (PA) $9.3B · 61,697
Similar participant headcount
Nearest other-state filings by covered participants (56,176 participants); asset peers above are excluded.
- The Hy-Vee and Affiliates 401(k) Plan (IA) 56,181 · 5 off
- Truist Financial Corporation 401(k) Savings Plan (NC) 55,480 · 696 off
- Ross Stores, Inc. 401(k) Savings Plan (CA) 55,389 · 787 off
- Morgan Stanley 401(k) Plan (NY) 55,363 · 813 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.