We revisit our sponsor spotlight theme on the podcast this week! Tony Tomich, the Head of Pension Investments at Farmers Insurance® shares some great perspective on the company and their retirement plan. We had fun digging into how their plan works, how it helps with recruiting and retaining talent, how decisions are made and much more. One major theme we dig into is the concept of retirement readiness and retirement income. Both hot topics in their own right and really impactful to hear how Tony thinks about both. Finally, despite Farmers® being a very large company with a very large retirement plan, there are plenty of great take aways for companies and plans of all sizes.
Before we get started, we have several exciting episodes coming up where we will welcome back some prior guests, tackle new topics and have all sorts of retirement plan fun. If you have an idea for a topic, guest or question we should tackle on the podcast I would love to hear about it. Just shoot me an email to feedback@401kfridays.com.
Now, I hope you enjoy my conversation with Tony!
Guest Bio
Tony Tomich manages Farmers’ retirement investments. He has a BBA and an MPP from The College of William & Mary, in Williamsburg, VA. Tony began his career in NYC in the banking industry then moved to the internet and telecom industries in the Silicon Valley in the early 2000s. He joined 21st Century Insurance in 2004 and held multiple positions during his tenure with the organization, ranging from Treasurer & Investment Relations Officer to Executive Vice President and Chief Financial Officer. 21st Century Insurance was purchased by AIG in 2007 and was subsequently sold to Farmers in 2009. Tony transitioned Farmers’ $3B DC plan to an open architecture, white‐label structure in 2013. Tony also manages the company’s Socially Responsible Investments portfolio and has multiple leadership roles in the space. These range from a 3 term member of the California Insurance Commissioner’s COIN Advisory Board (inaugural chairperson) to an Investment Committee member for the California Fair Plan to the Chairman of Impact Community Capital, LLC, a for‐profit entity that facilitates over $1B in SRI investments in California and beyond. Farmers Insurance provides P&C, specialty, life, commercial and other insurance and financial services products.
401(k) Fridays Podcast Overview
Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 175 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!
