Defined Benefit (Pension)
2023 plan-year Defined Benefit (Pension) DOL Form 5500

Farmers Mutual Hail Insurance Company of Iowa Retirement Plan

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

Sponsored by Farmers Mutual Hail Insurance Company of Iowa · Iowa · Finance & Insurance

What the 2023 filing shows

Farmers Mutual Hail Insurance Company of Iowa Retirement Plan holds N/A for 109 participants.

N/A
total plan assets (2023 EOY)
109
covered participants
$-41,822,748
reported net income

The plan reported a net loss of $42M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
N/A
Participants
109
State
Industry
Finance & Insurance

What the Filing Says About Farmers Mutual Hail Insurance Company of Iowa Retirement Plan

Farmers Mutual Hail Insurance Company of Iowa Retirement Plan is a Defined Benefit (Pension) retirement plan sponsored by Farmers Mutual Hail Insurance Company of Iowa, headquartered in Iowa. As of the 2023 Form 5500 filing, the plan reports N/A in total end-of-year assets and covers 109 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 420245840, and the plan has been effective since 1947-12-15. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $42M at the beginning of 2023 to N/A at year-end. Net assets (after liabilities) closed the year at N/A, with reported net income of $-41,822,748 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)$42M
Total Assets (End of Year)N/A
Net Assets (End of Year)N/A
Net Income$-41,822,748
Plan TypeDefined Benefit (Pension)
Employer EIN420245840
Plan Effective Date1947-12-15
Filing StatusFILING RECEIVED

Sponsor Plan History (Farmers Mutual Hail Insurance Company of Iowa)

Year Plans Participants Total Assets
2022 2 663 $163M
2023 2 666 $154M
2024 1 590 $172M

Nearby Defined Benefit (Pension) Plans in Iowa

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

Frequently Asked Questions

How much money is in the Farmers Mutual Hail Insurance Company of Iowa Retirement Plan?
As of the 2023 Form 5500 filing, Farmers Mutual Hail Insurance Company of Iowa Retirement Plan holds N/A in total assets with 109 participants. It is sponsored by Farmers Mutual Hail Insurance Company of Iowa.
What type of plan is Farmers Mutual Hail Insurance Company of Iowa Retirement Plan?
Farmers Mutual Hail Insurance Company of Iowa Retirement Plan is a Defined Benefit (Pension) plan. It has been effective since 1947-12-15. The plan is filed with the U.S. Department of Labor under EIN 420245840.
Who sponsors the Farmers Mutual Hail Insurance Company of Iowa Retirement Plan?
Farmers Mutual Hail Insurance Company of Iowa Retirement Plan is sponsored by Farmers Mutual Hail Insurance Company of Iowa, located in Iowa. The sponsor's EIN is 420245840 and the plan operates in the Finance & Insurance industry.
How did Farmers Mutual Hail Insurance Company of Iowa Retirement Plan perform in 2023?
Farmers Mutual Hail Insurance Company of Iowa Retirement Plan held N/A in total assets at the end of 2023. Net income was $-41,822,748.
Where can I find official filings for Farmers Mutual Hail Insurance Company of Iowa Retirement Plan?
Official Form 5500 filings for Farmers Mutual Hail Insurance Company of Iowa Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 420245840 or plan name at efast.dol.gov.
How does Farmers Mutual Hail Insurance Company of Iowa Retirement Plan compare to other plans?
You can compare Farmers Mutual Hail Insurance Company of Iowa Retirement Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Iowa 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 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 420245840.

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.