Retirement plan

FARMERS GROUP, INC. 401(K) SAVINGS PLAN

Name: FARMERS GROUP, INC. - FARMERS GROUP, INC. 401(K) SAVINGS PLAN (2018) Form 5500
Creator: FARMERS GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FARMERS GROUP, INC. 401(K) SAVINGS PLAN, FARMERS GROUP, INC.

FARMERS GROUP, INC.EIN 95-0725935Plan #002PY 2018

P.O. BOX 4363 - WOODLAND HILLS, CA 913654363800-451-0797

Other plans on this EIN

1 filing

#001Retirement-$3.44B assets

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$2956.1M

-10.9% from 2016

Total participants

24,866

-1.0% from 2016

Average account balance

$121,371

-9.7% from 2016

Annual return

-6.73%

-10.89 pp from 2016

Benchmarks

See 86 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort86 peers

Snapshot2018

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.99B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$176K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

28,334

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$321.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$178

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.4+ years Service code 15 · EIN 23-1945930	Recordkeeping	$1,174,574
WELLINGTON TRUST COMPANY4+ years Filed as: WELLINGTON Service code 28 · EIN 30-0835489	Investment Management	$1,119,283
AMERICAN CENTURY4+ years Service code 28 · EIN 44-0640487	Investment Management	$930,856
THE BANK OF NEW YORK MELLON2 years Filed as: MELLON BANK OF NEW YORK Service code 18 · EIN 13-5160382	Investment management fees paid direc...	$707,838
MONDRIAN INVESTMENT GROUP4+ years Filed as: MONDRIAN Service code 28 · EIN 98-0117968	Investment Management	$664,244
GOLDMAN SACHS4+ years Service code 28 · EIN 04-3211048	Investment Management	$290,573
PIMCO FUNDS4+ years Filed as: PIMCO Service code 28 · EIN 33-0629048	Investment Management	$277,463
BLACKROCK1 year Service code 28 · EIN 94-3112180	Investment Management	$221,891
GIBSON CAPITAL, LLC2 years Filed as: GIBSON, DUNN & CRUTCHER LLP Service code 29 · EIN 95-1611234	Legal	$34,339

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$4.6M

$253 / participant

Investment mgmt$3M72.6%
Other / not subdivided$1M27.4%

% of EOY assets

0.155%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,371

$96,381+25.9%

$140,019-13.3%

$73,367+65.4%

Participation rate

97.2%

90.1%+7.1pp

87.5%+9.7pp

69.5%+27.7pp

Annual return

-6.73%

-4.30%-2.4pp

651.19%-657.9pp

173.45%-180.2pp

Employer contribution / active EE

$3,960

$4,168-5.0%

$5,605-29.4%

$2,499+58.5%

Participant deferral / active EE

$7,994

$6,186+29.2%

$6,927+15.4%

$4,033+98.2%

Admin fee / account holder

$188

$100+87.8%

$10,705-98.2%

$68+174.3%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.4+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$1,174,574

WELLINGTON TRUST COMPANY4+ years

Filed as: WELLINGTON

Service code 28 · EIN 30-0835489

Investment Management

$1,119,283

AMERICAN CENTURY4+ years

Service code 28 · EIN 44-0640487

Investment Management

$930,856

THE BANK OF NEW YORK MELLON2 years

Filed as: MELLON BANK OF NEW YORK

Service code 18 · EIN 13-5160382

Investment management fees paid direc...

$707,838

MONDRIAN INVESTMENT GROUP4+ years

Filed as: MONDRIAN

Service code 28 · EIN 98-0117968

Investment Management

$664,244

GOLDMAN SACHS4+ years

Service code 28 · EIN 04-3211048

Investment Management

$290,573

PIMCO FUNDS4+ years

Filed as: PIMCO

Service code 28 · EIN 33-0629048

Investment Management

$277,463

BLACKROCK1 year

Service code 28 · EIN 94-3112180

Investment Management

$221,891

GIBSON CAPITAL, LLC2 years

Filed as: GIBSON, DUNN & CRUTCHER LLP

Service code 29 · EIN 95-1611234

Legal

$34,339

FARMERS GROUP, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARMERS GROUP, INC. 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion