Plan Snapshot
- Plan Sponsor: Farmers Group, INC.
- Sponsor EIN: 950725935
- Sponsor Address: P.O. BOX 4363, WOODLAND HILLS, CA, 913654363
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 17,891
- Total Assets: $5.0B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 17,891 | $5.0B | $147.3M | $174.0M |
| 2023 | 19,026 | $4.6B | $168.1M | $186.3M |
| 2022 | 22,503 | $4.1B | $167.6M | $190.8M |
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 |
|---|---|---|---|---|
| WELLINGTON | Other Service Provider | $1,248,337 | — | $1,248,337 |
| THE VANGUARD GROUP | Custodian / Trustee | $1,208,522 | — | $1,208,522 |
| AMERICAN CENTURY | Other Service Provider | $941,601 | — | $941,601 |
| MONDRIAN | Other Service Provider | $809,510 | — | $809,510 |
| MELLON BANK OF NEW YORK | Custodian / Trustee | $646,952 | — | $646,952 |
| GOLDMAN SACHS | Investment Advisor | $378,756 | — | $378,756 |
| PIMCO | Other Service Provider | $288,141 | — | $288,141 |
| VANGUARD ADVISERS INC. | Custodian / Trustee | $146,440 | — | $146,440 |
| ERNST & YOUNG US LLP | Auditor | $100,425 | — | $100,425 |
| BLACKROCK | Other Service Provider | $97,649 | — | $97,649 |
| TOWERS WATSON INVESTMENT SERVICES, | Other Service Provider | $46,176 | — | $46,176 |
| CHARLES SCHWAB | Investment Advisor | $16,135 | — | $16,135 |
| GIBSON, DUNN & CRUTCHER LLP | ERISA Attorney | $12,708 | — | $12,708 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GOLDMAN SACHS — Investment Advisor
- VANGUARD ADVISERS INC. — Custodian / Trustee
- ERNST & YOUNG US LLP — Auditor
- CHARLES SCHWAB — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,941,352
- Estimated Expense Ratio: 0.119% 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 | $5,042,816 | $3,678,192 | — | $100,425 | — |
| 2023 | $4,852,885 | $3,468,643 | — | — | — |
| 2022 | $5,307,425 | $3,959,010 | — | — | — |