Farmers Group, Inc. 401(k) Review & Grade
Farmers Group, Inc. 401(k) Savings Plan
Woodland Hills, CAFinance & Insurance18,458 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,982Employer $ per active participant
$9,424Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$4.9BNet plan assets, end of year
$172,688Average balance per account
Score breakdown
- Employer generosity37.3 / 5075th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 42th |
| Employee saving | 54th |
| Peers that auto-enroll | 74% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Farmers Group put in about $7,982 per active participant, more than the typical peer ($5,179). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $147,332,531 |
| Participant (employee) contributions | $173,954,445 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $5,042,816 |
| Investment advisory & management fees | $3,678,192 |
| Other admin expenses | $232,367 |
| Benefits paid out | $468,738,812 |
| Net assets, start / end of year | $4.6B / $4.9B |
| Active participants, start / end of year | 19,026 / 17,891 |
| Participants with account balances | 28,334 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young |
Largest service providers (Schedule C)
| Wellington | $1,248,337 reported compensation |
| The Vanguard Group | $1,208,522 reported compensation |
| American Century | $941,601 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917144501NAL0000605169001, received 2025-09-17, EIN 95-0725935, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.