Retirement plan

FARMERS GROUP, INC. 401(K) SAVINGS PLAN

Name: FARMERS GROUP, INC. - FARMERS GROUP, INC. 401(K) SAVINGS PLAN (2021) 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 2021

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

Other plans on this EIN

1 filing

#001Retirement-$4.03B 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)

$4702.7M

-10.9% from 2016

Total participants

31,370

-1.0% from 2016

Average account balance

$152,197

-9.7% from 2016

Annual return

9.50%

-10.89 pp from 2016

Benchmarks

See 82 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort82 peers

Snapshot2021

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.7+ years Service code 15 · EIN 23-1945930	Recordkeeping	$1,835,361
WELLINGTON TRUST COMPANY7+ years Filed as: WELLINGTON Service code 28 · EIN 04-2683227	Investment Management	$1,250,093
AMERICAN CENTURY7+ years Service code 28 · EIN 44-0640487	Investment Management	$939,627
MONDRIAN INVESTMENT GROUP7+ years Filed as: MONDRIAN Service code 28 · EIN 56-2475915	Investment Management	$735,684
PIMCO FUNDS7+ years Filed as: PIMCO Service code 28 · EIN 33-0629048	Investment Management	$320,919
THE BANK OF NEW YORK MELLON7+ years Filed as: BNY MELLON Service code 18 · EIN 13-5160382	Custodial (securities); Investment ma...	$221,314
BLACKROCK7+ years Filed as: BLACK ROCK Service code 28 · EIN 94-3112180	Investment Management	$126,937
ERNST & YOUNG LLP1 year Filed as: ERNST & YOUNG US LLP Service code 10 · EIN 34-6565596	Accounting	$65,000
GIBSON CAPITAL, LLC7+ years Filed as: GIBSON DUNN & CRUTCHER LLP Service code 29 · EIN 95-1611234	Legal	$6,421

Plan features & details

Pension benefit codes2E2F2G2J2S2R2T3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$207 / participant

Investment mgmt$3M67.7%
Other / not subdivided$1M32.3%

% of EOY assets

0.099%

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: ERNST & YOUNG
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$152,197

$143,889+5.8%

$189,534-19.7%

$106,520+42.9%

Participation rate

97.9%

89.1%+8.8pp

87.8%+10.1pp

71.3%+26.6pp

Annual return

9.50%

17.38%-7.9pp

555.39%-545.9pp

19.28%-9.8pp

Employer contribution / active EE

$6,862

$4,416+55.4%

$6,162+11.4%

$2,840+141.6%

Participant deferral / active EE

$11,284

$7,575+49.0%

$8,220+37.3%

$4,948+128.1%

Admin fee / account holder

$150

$98+52.7%

$12,049-98.8%

$75+101.3%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.7+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$1,835,361

WELLINGTON TRUST COMPANY7+ years

Filed as: WELLINGTON

Service code 28 · EIN 04-2683227

Investment Management

$1,250,093

AMERICAN CENTURY7+ years

Service code 28 · EIN 44-0640487

Investment Management

$939,627

MONDRIAN INVESTMENT GROUP7+ years

Filed as: MONDRIAN

Service code 28 · EIN 56-2475915

Investment Management

$735,684

PIMCO FUNDS7+ years

Filed as: PIMCO

Service code 28 · EIN 33-0629048

Investment Management

$320,919

THE BANK OF NEW YORK MELLON7+ years

Filed as: BNY MELLON

Service code 18 · EIN 13-5160382

Custodial (securities); Investment ma...

$221,314

BLACKROCK7+ years

Filed as: BLACK ROCK

Service code 28 · EIN 94-3112180

Investment Management

$126,937

ERNST & YOUNG LLP1 year

Filed as: ERNST & YOUNG US LLP

Service code 10 · EIN 34-6565596

Accounting

$65,000

GIBSON CAPITAL, LLC7+ years

Filed as: GIBSON DUNN & CRUTCHER LLP

Service code 29 · EIN 95-1611234

Legal

$6,421

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