Plan Snapshot
- Plan Sponsor: Farmers Group, INC.
- Sponsor EIN: 950725935
- Sponsor Address: P.O. BOX 4363, WOODLAND HILLS, CA, 913654363
- Plan Type: 401(k)
- 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 |
|---|---|---|---|---|
| ERNST & YOUNG | Auditor | $100,425 | — | $100,425 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $100,425
- Estimated Expense Ratio: 0.002% 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 | — | — | — |