The Progressive Corporation and its Participating Subsidiaries
73
Plan:
The Progressive 401k Plan
41
72
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 15 point difference between this plan's BrightScope Rating (73) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
9 additional years of work Up to $123,500 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
The Progressive 401k Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 73. This plan is in the top 15% of plans for Total Plan Cost. The Progressive 401k Plan currently has over 28,000 active participants and over $1.7B in plan assets.
Retirement Plan Details
| Address |
5920 Landerbrook Drive, Box L32
Mayfield Heights, OH 44124-6506 |
| Industry | Finance and Insurance |
| Administrator | Robert W. Hein |
| Net Plan Assets | $1,740,000,000 |
| Total Participants | 28,000 |
| Avg Account Balance | $62,000 |
Compare Other Companies in Peer Group
| Aon | 79.9 |
| The Chubb | 79.3 |
| Marsh & McLennan Companies | 77.7 |
| Farmers Group | 77.6 |
| Humana | 76.0 |
| Aegon USA, LLC | 72.8 |
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