Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Progressive 401(K) Plan is a benefit plan reported by The Progressive Corporation & Its Participating Subsidiaries under EIN 34-0963169 and plan number 003. The latest loaded filing year is 2023. The filing reports 63,252 participants and $9,225,573,063 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $9,225,573,063
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,225,573,063
- Net assets (BOY)
- $7,609,508,110
Income & contributions
- Employer contributions
- $205,253,824
- Participant contributions
- $344,800,072
- Total contributions
- $622,002,356
- Total income / additions
- $2,136,811,408
Expenses & distributions
- Benefits paid
- $519,948,660
- Administrative expenses
- $540,920
- Total expenses
- $520,746,455
- Net increase / (decrease)
- $1,616,064,953