Plan Snapshot
- Plan Sponsor: Ohio Farmers Insurance Company
- Sponsor EIN: 340438190
- Sponsor Address: P.O. BOX 5001, WESTFIELD CENTER, OH, 442515001
- Plan Type: Health & Welfare
- Plan Number: 506
- Total Participants: 2,585
- Total Assets: $8.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,585 | $8.3M | $27.1M | $11.7M |
| 2023 | 2,484 | $7.9M | $25.1M | $10.7M |
| 2022 | 2,534 | $7.5M | $26.0M | $10.5M |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE INSURANCE COMPANY | Other Service Provider | $2,038,683 | — | $2,038,683 |
| UNITED BEHAVIORAL HEALTH DBA OPTUM | Other Service Provider | $50,811 | — | $50,811 |
| EMPYREAN BENEFIT SOLUTIONS INC | Other Service Provider | $37,975 | — | $37,975 |
| CAREMARKPCS HEALTH LLC | Other Service Provider | $12,199 | — | $12,199 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,139,668
- Estimated Expense Ratio: 25.933% 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 | $2,123,162 | — | $1,968,858 | — | — |
| 2023 | $1,906,172 | — | $1,809,839 | — | — |
| 2022 | $1,691,530 | — | $1,631,065 | — | $944 |