Retirement plan
THE PROGRESSIVE 401(K) PLAN
THE PROGRESSIVE CORPORATION & ITS PARTICIPATING SUBSIDIARIESEIN 34-0963169Plan #003PY 2015
6300 WILSON MILLS ROAD, BOX W32 - MAYFIELD VILLAGE, OH 44143440-603-5702
Prospect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ROBERT W. HEIN
Signed 06/28/2016
Plan administrator entity
PLAN ADMINISTRATIVE COMMITTEE
EIN 510591577
Summary metrics
Total assets (EOY)
$3024.8M
-10.9% from 2016
Total participants
32,004
-9.9% from 2016
Average account balance
$107,174
-4.8% from 2016
Annual return
4.79%
-5.41 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort75 peers
Snapshot2015
34
Participant deferral / active EE
$4,313
median $5,176
45
Employer contribution / active EE
$2,793
median $2,926
27
Participation rate
86.5%
median 91.8%
73
Avg account balance
$107,174
median $81,792
100
Admin fee / account holder
-$24
median $49
91
Annual return
4.79%
median 0.64%
Overall peer rank
61of 100
61st percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$11.53B
Average account balance
Total assets / participants with a balance (line 6g)
$164K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
70,397
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
94.5%
Contributions (total)
Employer and participant dollars contributed each year
$628.66M
Contributions per participant
Average employer and participant contribution per enrolled participant
$9K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+26.74%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$9
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INV INST OPER CO INC1+ years Service code 37 ยท EIN 04-2647786 | Loan Processing | -$524,562 |
Top hat statement on fileNQDC
Filed November 2, 1995
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes2J2K2E2G2F2R2O
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- MEADEN & MOORE, LTD.
- Auditor EIN
- 341818258
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified