The Farmers Automobile Insurance Association
64
Plan:
The Farmers Automobile Insurance Association 401k Savings Plan
34
71
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 24 point difference between this plan's BrightScope Rating (64) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
13 additional years of work Up to $96,700 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
The Farmers Automobile Insurance Association 401k Savings Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 64. This plan is in the top 35% of plans for Total Plan Cost. The Farmers Automobile Insurance Association 401k Savings Plan currently has over 600 active participants and over $18.9M in plan assets.
Retirement Plan Details
| Address |
2505 Court St
Pekin, IL 61554-5308 |
| Industry | Finance and Insurance |
| Administrator | Justin P. Hocker |
| Sponsor | Daniel V. Connell |
| Net Plan Assets | $18,900,000 |
| Total Participants | 670 |
| Avg Account Balance | $28,000 |
Compare Other Companies in Peer Group
| Direct Response | 72.6 |
| Mutual of Enumclaw Insurance Company | 70.9 |
| Amerisafe | 62.4 |
| The Wawanesa Mutual Insurance Co. | 60.9 |
| Oklahoma Farm Bureau Mutual... | 60.3 |
| Permanent General Companies | 59.8 |
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