Plan Snapshot
- Plan Sponsor: The Progressive Corporation & Its Participating Subsidiaries
- Sponsor EIN: 340963169
- Sponsor Address: 300 N COMMONS BLVD # W91, MAYFIELD VILLAGE, OH, 441431589
- Plan Type: 401(k)
- Total Participants: 67,357
- Total Assets: $11.5B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 67,357 | $11.5B | $232.8M | $395.8M |
| 2023 | 62,521 | $9.2B | $205.3M | $344.8M |
| 2022 | 56,176 | $7.6B | $184.5M | $308.9M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INV INST OPER CO INC | RECORDKEEPER | $589,892 | — | $589,892 |
| BAKER & HOSTETLER LLP | ATTORNEY/LEGAL | $93,040 | — | $93,040 |
| MEADEN & MOORE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INV INST OPER CO INC — RECORDKEEPER
- BAKER & HOSTETLER LLP — ATTORNEY/LEGAL
- MEADEN & MOORE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $682,932
- Estimated Expense Ratio: 0.006% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $632,960 | — | — | — | — |
| 2023 | $540,920 | — | — | — | — |
| 2022 | $765,655 | — | — | — | — |