401(k) · DOL Form 5500 · 2022

North Carolina Farm Bureau Mutual Insurance Company 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
1,269
Participants Near avg headcount
86th
Percentile by assets National rank
$31,469
Avg per participant Low balance/head
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Official DOL plan name: Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance · Sponsored by North Carolina Farm Bureau Mutual Insurance Company · North Carolina · Finance & Insurance

$40M in assets, 1,269 participants

North Carolina Farm Bureau Mutual Insurance Company's Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance reported $40M in total assets and 1,269 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.

  • #7,183 in Finance & Insurance (9,261 peers)

Where Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance sits by assets

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance sits in the top quartile of all filed plans by assets, $40M for 1,269 participants (~$31,469/participant), down 21.7% in 2022.

#7,183
in Finance & Insurance (9,261 peers)
-21.7%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $11M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance's outsized position by total assets

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$39,934,115 Top 14% higher than 86% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance lands in the large band (1,269 participants).

DOL schedule card

Filing strip 560586973 · North Carolina Farm Bureau Mutual Insurance Company PY 2022 · 401(k)

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance · $40M · 1,269 · 86th

  • BOY $40M
  • SCH 1,269
  • EBSA 86th
  • PART 401(k)
  • TYPE near Fujimi Corporation Profit Sharing & Pension Plan
  • NET ind #7183

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in North Carolina →

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance in the asset neighbourhood

Keyimpact Sales & Systems, Inc. 401(k) PlanKeyimpact Sales & Systems, I…$40MSekisui Specialty Chemicals 401(k) PlanSekisui Specialty Chemicals …$40MEmployees' 401(k) Plan of North Carolina Farm Bureau Mutual InsuranceEmployees' 401(k) Plan of No…$40MFujimi Corporation Profit Sharing & Pension PlanFujimi Corporation Profit Sh…$40MWhirley Industries, Inc. Teammates 401(k) Profit Sharing PlanWhirley Industries, Inc. Tea…$40M
End-of-year total assets ($M) among Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$40M
Net Income-$11M
Employer EIN560586973
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (North Carolina Farm Bureau Mutual Insurance Company)

Sponsor-wide plan assets over time

All North Carolina Farm Bureau Mutual Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$289M 15.068674468240623% vs 2022
2024 filing year
$240M$260M$280M$300M 202220232024 $251M $289M ▲ +15.1%
Year Plans Participants Total Assets
2022 2 2,437 $251M
2023 2 2,514 $271M
2024 2 2,735 $289M

Nearby 401(k) Plans in North Carolina

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

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance, Total assets ($B): 0.039934115 · Participants: 1269Employees' 401(k) Plan of North Carolina Farm Bureau Mutual InsuranceThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance side-by-side with 3 peers →

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Fujimi Corporation Profit Sharing & Pension Plan in OR ($40M); by covered participants it is Anderson Trucking Service, Inc. Profit Sharing and 401(k) Plan in MN (1,269 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,269 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance assets move in 2022? ▼
Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance declined sharply - down 21.7% during 2022, from $51M to $40M. Reported net income was -$11M.
How have North Carolina Farm Bureau Mutual Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North Carolina Farm Bureau Mutual Insurance Company's sponsor-wide assets grew 15.1%, from $251M to $289M.
Where does Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance rank by assets among Form 5500 filers? ▼
Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance? ▼
Among 401(k) plans in other states, the closest by assets is Fujimi Corporation Profit Sharing & Pension Plan in OR ($40M, 111 participants).
Which 401(k) plans cover a similar participant headcount to Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance? ▼
Among 401(k) plans in other states, the closest by covered participants is Anderson Trucking Service, Inc. Profit Sharing and 401(k) Plan in MN (1,269 participants, $74M in assets).

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 560586973.

Read our methodology - how this data is sourced, computed, and verified.

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