401(k) · DOL Form 5500 · 2023

Ohio Farmers Insurance Company 401(k) Plan

Data updated 2026-08-11

$462M
Total assets
2,565
Participants
97th
Percentile by assets
$179,982
Avg per participant
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Official DOL plan name: Westfield Employee Retirement Savings Plan · Sponsored by Ohio Farmers Insurance Company · Ohio · Finance & Insurance

$462M in assets, 2,565 participants

Ohio Farmers Insurance Company's Westfield Employee Retirement Savings Plan reported $462M in total assets and 2,565 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 97th percentile by assets (of 127,072 plans)
  • #8,447 in Finance & Insurance (8,869 peers)

Coverage in Ohio

Westfield Employee Retirement Savings Plan covers 2,565 participants in Ohio, 3.4x the typical Ohio plan (state average ~765 per filing). Assets: $462M.

$462M
total plan assets (2023 EOY)
2,565
covered participants
97th
percentile by assets (of 127,072 plans)
$179,982
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Westfield Employee Retirement Savings Plan reported net income rose from -$77M in the plan year 2022 filing to $71M in the plan year 2023 filing.
  • Westfield Employee Retirement Savings Plan end-of-year assets rose from $408M in the plan year 2022 filing to $462M in the plan year 2023 filing.
  • Westfield Employee Retirement Savings Plan reported participants rose from 2,438 in the plan year 2022 filing to 2,565 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Participants vs Ohio filers

In Ohio, the average filing covers about 765 participants across 5,089 plans. Westfield Employee Retirement Savings Plan reports 2,565 participants - 3.4x that state average ($462M EOY assets).

Ohio filing particulars

Total Assets (Beginning of Year)$408M
Net Assets (End of Year)$462M
Net Income$71M
Employer EIN340438190
Plan Effective Date2000-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Ohio Farmers Insurance Company)

$1.05B$1.1B$1.15B$1.2B$1.25B$1.3B 202220232024 $1.1B $1.24B ▲ +12.7%
Total plan assets by year, all Ohio Farmers Insurance Company plans on file
Year Plans Participants Total Assets
2022 2 4,634 $1.1B
2023 2 4,708 $1.2B
2024 2 4,752 $1.2B

Nearby 401(k) Plans in Ohio

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Westfield Employee Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants

Westfield Employee Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Westfield Employee R…GE Retirement Saving…The Sherwin-Williams…The Progressive 401(…The Kroger Co. 401(k…Nationwide Savings P…
Westfield Employee Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Westfield Employee Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Westfield Employee Retirement Savings Plan assets move in 2023?
Westfield Employee Retirement Savings Plan grew at a solid clip - up 13.2% during 2023, from $408M to $462M. Reported net income was $71M.
How have Ohio Farmers Insurance Company plan assets changed over time?
Across 3 plan years on file (2022-2024), Ohio Farmers Insurance Company's sponsor-wide assets grew 13.2%, from $1.1B to $1.2B.
Where does Westfield Employee Retirement Savings Plan rank by assets among Form 5500 filers?
Westfield Employee Retirement Savings Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Westfield Employee Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is Prevea Clinic, Inc. 401(k) and Retirement Plan in WI ($462M, 2,411 participants).

Next read for Westfield Employee Retirement Savings Pl…

Filing takeaways

Ways to act on Westfield Employee Retirement Savings Plan's numbers.