401(k) · DOL Form 5500 · 2024
The Progressive Corporation & Its Participating Subsidiaries 401(k) Plan
Data updated 2026-08-25
- $11.5B
- Total assets Mega-plan scale
- 62,521
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $184,475
- 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
$11.5B in assets, 62,521 participants
The Progressive Corporation & Its Participating Subsidiaries's The Progressive 401(k) Plan reported $11.5B in total assets and 62,521 participants in its 2024 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.
- #8,535 in Finance & Insurance (8,549 peers)
Coverage in Ohio
The Progressive 401(k) Plan covers 62,521 participants in Ohio, 82x the typical Ohio plan (state average ~765 per filing). Assets: $11.5B.
- #8,535
- in Finance & Insurance (8,549 peers)
- +25.0%
- assets growth YoY
- 116×
- 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 2024 · DOL Form 5500
$11,533,546,294 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
The Progressive 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Progressive 401(k) Plan is a mega filing (62,521 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Progressive 401(k) Plan reported net income rose from $1.6B in the plan year 2023 filing to $2.3B in the plan year 2024 filing.
- The Progressive 401(k) Plan end-of-year assets rose from $9.2B in the plan year 2023 filing to $11.5B in the plan year 2024 filing.
- The Progressive 401(k) Plan reported participants rose from 56,176 in the plan year 2023 filing to 62,521 in the plan year 2024 filing.
EBSA filing schedule strip
Filing strip 340963169 · The Progressive Corporation & Its Participating Subsidiaries PY 2024 · 401(k)
The Progressive 401(k) Plan · $11.5B · 62,521 · 100th
- ASSETS $11.5B
- ASSETS 62,521
- ASSETS 100th
- ASSETS 401(k)
- ASSETS near Shell Provident Fund
- ASSETS ind #8535
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) | $9.2B |
|---|---|
| Net Assets (End of Year) | $11.5B |
| Net Income | $2.3B |
| 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 Aerospace Retirement Savings Plan $14.7B · 45,620
- The Kroger Co. 401(k) Retirement Savings Account Plan $11.8B · 135,373
- The Sherwin-Williams Company 401(k) Plan $10.6B · 47,459
- Parker Retirement Savings Plan $9.0B · 26,315
- Eaton Savings Plan $8.4B · 24,055
Scale composition for The Progressive 401(k) Plan
The Progressive 401(k) Plan reports $11.5B in end-of-year assets across 62,521 participants (0.094% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.067% of 93,925,755 covered participants) - about $184,475 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2024 was $2.3B.
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 | Open filing |
| 2024 · index core | 62,521 | $11.5B | This page |
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 Shell Provident Fund in TX ($11.5B); by covered participants it is 401(k) Pension Plan in VA (62,869 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($11.5B here).
- Shell Provident Fund (TX) $11.5B · 12,718
- Bristol-Myers Squibb Savings and Investment Program (NJ) $11.6B · 21,763
- Southwest Airlines Pilots Retirement Savings Plan (TX) $11.6B · 11,242
- U.S. Bank 401(k) Savings Plan (MN) $11.4B · 73,109
Similar participant headcount
Nearest other-state filings by covered participants (62,521 participants); asset peers above are excluded.
- 401(k) Pension Plan (VA) 62,869 · 348 off
- Ulta Salon Cosmetics & Fragrance 401(k) Retirement Plan (IL) 62,972 · 451 off
- Successwise Pooled Employer Plan (NJ) 62,004 · 517 off
- Fresenius Medical Care North America 401(k) Savings Plan (MA) 63,238 · 717 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.