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Company:
The Progressive Corporation and its Participating Subsidiaries
Plan:
The Progressive 401k Plan
 

The Progressive Corporation and its Participating Subsidiaries

73 Plan: The Progressive 401k Plan

 
 
73
41
72
88
0
10
20
30
40
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60
70
80
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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?]
9 additional years of work
Up to $122,800 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.

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 Plan Component Ratings

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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 77.8
Farmers Group 77.6
Humana 76.0
Aegon USA, LLC 72.8

 Top 3 Funds in this 401k

1. The Progressive Corporation Common Stock 31%
2. Fidelity Managed Income Portfolio 9%
3. Vanguard Institutional Index 9%

  Plan Service Providers

Auditor Meaden & Moore
Corporate Trustee Fidelity
Recordkeeper Fidelity

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