# Ohio Farmers Insurance Company Health &amp; Welfare Plan
Source: https://planprovider.pro/companies/ohio-farmers-insurance-company-340438190-506

> Ohio Farmers Insurance Company&#39;s Health &amp; Welfare plan: 2,585 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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