California › Finance and insurance › 25,000 or more participants
Form 5500 statement · plan year 1 Dec 2024 to 30 Nov 2025
Farmers Group, Inc. Employees' Pension Plan
Sponsored by Farmers Group, Inc., Woodland Hills, CA
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 30 Nov 2025, Farmers Group, Inc. Employees' Pension Plan covered 26,064 participants and held $2.44B in net assets. The plan is a cash balance pension plan sponsored by Farmers Group, Inc. of Woodland Hills, California.
Net assets came to $93,665 per participant, above the $87,969 median for defined benefit plans with 25,000 or more participants and well below the $119,536 median for defined benefit plans in finance and insurance. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $271K for the year ($34 per active participant) and benefits paid were $196M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 9 service provider organisations paid $5,000 or more, with reported compensation of $5.0M: $191 per participant, well above the same-size median of $144. Administrative expenses charged to the plan were $10.5M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $2.21B in 2009 to $2.44B in 2024 (up 10%), and participants from 46,037 to 26,064 (down 43%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $93,665 | $87,969 | $119,536 | $86,073 |
| Employer contributions per active participant | $34 | $6,374 | $7,692 | $10,170 |
| Schedule C compensation per participant | $191 | $144 | $352 | $344 |
| Schedule C compensation, share of net assets | 0.20% | 0.26% | 0.32% | 0.43% |
| Administrative expenses per participant | $404 | $310 | $432 | $526 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (218 plans), finance and insurance (694) and all US plans (5,366). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 26,064 | $2.44B | $93,665 | $271K | $0 | $5.0M |
| 2023 | 26,894 | $2.54B | $94,484 | — | — | $5.4M |
| 2022 | 28,334 | $2.56B | $90,258 | $102K | — | $5.1M |
| 2021 | 29,303 | $2.85B | $97,310 | $76K | $0 | $5.1M |
| 2020 | 30,242 | $3.95B | $130,592 | — | — | $6.5M |
| 2019 | 31,525 | $4.36B | $138,220 | $126K | $0 | $5.7M |
| 2018 | 32,323 | $3.99B | $123,429 | $79K | $0 | $7.0M |
| 2017 | 33,836 | $3.41B | $100,725 | $72.3M | $0 | $8.8M |
| 2016 | 35,690 | $3.73B | $104,569 | $466M | $0 | $6.2M |
| 2015 | 35,424 | $3.15B | $88,828 | $225M | $0 | $8.3M |
| 2014 | 34,937 | $2.95B | $84,336 | $225M | $0 | $8.8M |
| 2013 | 37,351 | $3.21B | $85,923 | $200M | — | $7.2M |
| 2012 | 40,138 | $2.90B | $72,225 | $289M | — | $6.7M |
| 2011 | 40,291 | $2.69B | $66,826 | $205M | — | $6.2M |
| 2010 | 47,495 | $2.56B | $53,865 | $178M | — | $5.5M |
| 2009 | 46,037 | $2.21B | $48,094 | $205M | — | $5.0M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$2,541,053,762
- Employer contributions$270,939
- Participant contributions$0
- Rollovers and other contributions$0
- Total contributions$270,939
- Total income, including investment results$107,164,280
- Benefits paid$196,393,310
- Administrative expenses$10,537,849
- Total expenses$206,931,159
- Net income−$99,766,879
- Net transfers$0
- Net assets, end of year$2,441,286,883
Participants
- Active participants8,018
- Retired or separated, receiving benefits7,816
- Retired or separated, entitled to future benefits9,201
- Total participants, end of year26,064
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Willis Towers Watson US LLC | Actuarial | $2,160,501 | $0 |
| Voya | Investment management | $1,483,155 | $0 |
| Pacific Investment Management | Investment management | $550,696 | $0 |
| The Bank of New York Mellon | Custodial (other than securities) | $388,190 | $0 |
| Pgim | Investment management | $251,923 | $0 |
| Ernst & Young US LLP | Accounting (including auditing) | $90,200 | $0 |
| Mondrian | Investment management | $42,986 | $0 |
| State Street Global Advisors | Investment management | $8,182 | $0 |
| State Street Global Advisors | Investment management | $5,351 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$5,263,616
- Investment advisory and management fees$2,635,343
- Contract administrator fees$1,711,901
- Actuarial fees$448,600
- Trustee and custodial fees$388,189
- IQPA audit fees$90,200
- Total administrative expenses$10,537,849
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Corporate debt instruments$1.05B · 42.0%
- U.S. Government securities$430M · 17.3%
- Partnership/joint venture interests$385M · 15.5%
- Other investments$218M · 8.7%
- Pooled separate accounts$126M · 5.1%
- Common/collective trusts$78.4M · 3.1%
- Registered investment companies (mutual funds)$71.6M · 2.9%
- Corporate stocks$65.2M · 2.6%
- Receivables$53.4M · 2.1%
- Cash (interest and non-interest bearing)$18.0M · 0.7%
- Insurance company general account$85K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmErnst & Young
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $20,000,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related1CCash balance or similar plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 524290: Other Insurance Related Activities (including third-party administration of Insurance and pension funds).
Other plans of Farmers Group, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Farmers Group, Inc. 401(k) Savings Plan | 27,651 | $5.52B |
Similar plans in California
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Carpenters Labor-Management Pension Plan | United Brotherhood of Carpenters Labor-Mgmt PF Trustee | 24,299 | $1.18B | $48,612 |
| Producer-Writers Guild of America Pension Plan | Board of Directors Producer-Writers Guild of America Pension Plan | 20,228 | $4.42B | $218,416 |
| Directors Guild of America-Producer Pension Plan Basic Benefit Plan | Board of Trustees, Directors Guild of America- | 14,707 | $2.46B | $167,178 |
| Csaa Insurance Group Cash Balance Retirement Plan | Csaa Insurance Services, Inc. | 8,001 | $754M | $94,178 |
| Blue Shield of California Employees Retirement Plan | California Physicians Service DBA Blue Shield of California | 6,500 | $584M | $89,804 |
| Visa Retirement Plan | Visa Inc. | 5,844 | $1.29B | $221,403 |
Defined benefit plans in finance and insurance closest in size.
Questions and answers
How big is Farmers Group, Inc. Employees' Pension Plan?
26,064 participants at the end of the plan year ending 30 Nov 2025, of whom 8,018 were active employees, with net assets of $2,441,286,883. Among defined benefit plans that places it in the 25,000 or more participants band, which held 218 plans in plan year 2024.
What does Farmers Group, Inc. contribute per participant?
The filing reports $270,939 in employer contributions for the year, which is $34 per active participant; the median for plans of the same type and size was $6,374 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $4,981,184 in compensation to service provider organisations, $191 per participant or 0.20% of net assets. The same-size median among plans reporting any Schedule C compensation was $144 per participant. Administrative expenses on Schedule H were $10,537,849. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Farmers Group, Inc.. Investment advisory or management: Voya, Pacific Investment Management and Pgim. Trustee or custodian: The Bank of New York Mellon. The financial statements were audited by Ernst & Young. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Dec 2024 to 30 Nov 2025, received by the Department of Labor on 3 Sep 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Sep 2026. This page shows the latest filing on record for EIN 95-0725935, plan 001, received 3 Sep 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.