401(k) · DOL Form 5500 · 2024
The Progressive Corporation & Its Participating Subsidiaries 401(k) Plan
Data updated 2026-08-06
- $11.5B
- Total assets
- 62,521
- Participants
- 100th
- Percentile by assets
- $184,475
- Avg per participant
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.
- 100th percentile by assets (of 116,472 plans)
- #8,226 in Finance & Insurance (8,240 peers)
Coverage in Ohio
The Progressive 401(k) Plan covers 62,521 participants in Ohio, 79x the typical Ohio plan (state average ~787 per filing). Assets: $11.5B.
- $11.5B
- total plan assets (2024 EOY)
- 62,521
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $184,475
- avg assets per participant
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.
Participants vs Ohio filers
In Ohio, the average filing covers about 787 participants across 4,840 plans. The Progressive 401(k) Plan reports 62,521 participants - 79x that state average ($11.5B EOY assets).
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)
| 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
- 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 (0.099% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.070% of 89,805,449 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 |
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.
- 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
Frequently Asked Questions
How did The Progressive 401(k) Plan assets move in 2024? ▼
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