Defined Benefit (Pension)
2022 plan-year Defined Benefit (Pension) DOL Form 5500

Brethren Mutual Insurance Company Employee Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Brethren Mutual Insurance Company · Maryland · Finance & Insurance

What the 2023 filing shows

Brethren Mutual Insurance Company Employee Retirement Plan holds $13M for 57 participants — about $230,950 per participant, down 24.9% over the 2022 plan year.

$13M
total plan assets (2022 EOY)
57
covered participants
$230,950
avg assets per participant
-24.9%
assets change YoY

The plan reported a net loss of $4M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$13M
Participants
57
State
Industry
Finance & Insurance

What the Filing Says About Brethren Mutual Insurance Company Employee Retirement Plan

Brethren Mutual Insurance Company Employee Retirement Plan is a Defined Benefit (Pension) retirement plan sponsored by Brethren Mutual Insurance Company, headquartered in Maryland. As of the 2022 Form 5500 filing, the plan reports $13M in total end-of-year assets and covers 57 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 520254590, and the plan has been effective since 1954-12-25. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $18M at the beginning of 2022 to $13M at year-end — a decline of 24.9%. Net assets (after liabilities) closed the year at $13M, with reported net income of $-4,376,021 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$18M
Total Assets (End of Year)$13M
Net Assets (End of Year)$13M
Net Income$-4,376,021
Plan TypeDefined Benefit (Pension)
Employer EIN520254590
Plan Effective Date1954-12-25
Filing StatusFILING RECEIVED

Sponsor Plan History (Brethren Mutual Insurance Company)

Year Plans Participants Total Assets
2022 2 180 $36M
2023 2 181 $39M
2024 2 179 $43M

Nearby Defined Benefit (Pension) Plans in Maryland

Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Brethren Mutual Insurance Company Employee Retirement Plan?
As of the 2022 Form 5500 filing, Brethren Mutual Insurance Company Employee Retirement Plan holds $13M in total assets with 57 participants. It is sponsored by Brethren Mutual Insurance Company.
What type of plan is Brethren Mutual Insurance Company Employee Retirement Plan?
Brethren Mutual Insurance Company Employee Retirement Plan is a Defined Benefit (Pension) plan. It has been effective since 1954-12-25. The plan is filed with the U.S. Department of Labor under EIN 520254590.
Who sponsors the Brethren Mutual Insurance Company Employee Retirement Plan?
Brethren Mutual Insurance Company Employee Retirement Plan is sponsored by Brethren Mutual Insurance Company, located in Maryland. The sponsor's EIN is 520254590 and the plan operates in the Finance & Insurance industry.
How did Brethren Mutual Insurance Company Employee Retirement Plan perform in 2022?
Brethren Mutual Insurance Company Employee Retirement Plan declined by 24.9% during 2022, moving from $18M to $13M in total assets. Net income was $-4,376,021.
Where can I find official filings for Brethren Mutual Insurance Company Employee Retirement Plan?
Official Form 5500 filings for Brethren Mutual Insurance Company Employee Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 520254590 or plan name at efast.dol.gov.
How does Brethren Mutual Insurance Company Employee Retirement Plan compare to other plans?
You can compare Brethren Mutual Insurance Company Employee Retirement Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Maryland on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 520254590.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.