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

NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN

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

NC FARM BUREAU MUTUAL INSURANCE COMPANY

This Defined Benefit (Pension) plan holds $211M in total assets and serves 1,168 participants as of 2022. It is sponsored by NC FARM BUREAU MUTUAL INSURANCE COMPANY in North Carolina. The plan reported positive net income of $17M for the year.

Total Assets (2023)
$211M
Participants
1,168
Industry
Finance & Insurance

What the Filing Says About NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN

NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN is a Defined Benefit (Pension) retirement plan sponsored by NC FARM BUREAU MUTUAL INSURANCE COMPANY, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $211M in total end-of-year assets and covers 1,168 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 560586973, and the plan has been effective since 1957-07-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $194M at the beginning of 2022 to $211M at year-end — a gain of 8.7%. Net assets (after liabilities) closed the year at $211M, with reported net income of $17M 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)$194M
Total Assets (End of Year)$211M
Net Assets (End of Year)$211M
Net Income$17M
Plan TypeDefined Benefit (Pension)
Employer EIN560586973
Plan Effective Date1957-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (NC FARM BUREAU MUTUAL INSURANCE COMPANY)

Year Plans Participants Total Assets
2022 2 2,437 $251M
2023 2 2,514 $271M
2024 1 1,409 $54M

Nearby Defined Benefit (Pension) Plans in North Carolina

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

Frequently Asked Questions

How much money is in the NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN?
As of the 2022 Form 5500 filing, NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN holds $211M in total assets with 1,168 participants. It is sponsored by NC FARM BUREAU MUTUAL INSURANCE COMPANY.
What type of plan is NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN?
NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN is a Defined Benefit (Pension) plan. It has been effective since 1957-07-01. The plan is filed with the U.S. Department of Labor under EIN 560586973.
Who sponsors the NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN?
NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN is sponsored by NC FARM BUREAU MUTUAL INSURANCE COMPANY, located in North Carolina. The sponsor's EIN is 560586973 and the plan operates in the Finance & Insurance industry.
How did NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN perform in 2022?
NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN grew by 8.7% during 2022, moving from $194M to $211M in total assets. Net income was $17M.
Where can I find official filings for NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN?
Official Form 5500 filings for NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 560586973 or plan name at efast.dol.gov.
How does NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN compare to other plans?
You can compare NC FARM BUREAU MUTUAL INSURANCE COMPANY RETIREMENT PLAN against other Defined Benefit (Pension) plans on the plan type page, or view plans in North Carolina 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 560586973.

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 official public datasets. See our methodology for details.