401(k) · DOL Form 5500 · 2023

Michigan Farm Bureau 401(k) Plan

Data updated 2026-08-11

$207M
Total assets
1,181
Participants
95th
Percentile by assets
$175,241
Avg per participant
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Official DOL plan name: Farm Bureau Employees' 401(k) Plan · Sponsored by Michigan Farm Bureau · Michigan · Agriculture, Forestry & Fishing

$207M in assets, 1,181 participants

Michigan Farm Bureau's Farm Bureau Employees' 401(k) Plan reported $207M in total assets and 1,181 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • 95th percentile by assets (of 127,072 plans)
  • #1,270 in Agriculture, Forestry & Fishing (1,288 peers)

Where Farm Bureau Employees' 401(k) Plan sits by assets

Farm Bureau Employees' 401(k) Plan sits in the top 5% of all filed plans by assets, $207M for 1,181 participants (~$175,241/participant), up 18.0% in 2023.

$207M
total plan assets (2023 EOY)
1,181
covered participants
95th
percentile by assets (of 127,072 plans)
$175,241
avg assets per participant

Where Farm Bureau Employees' 401(k) Plan sits by total assets

Farm Bureau Employees' 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$206,959,154 Top 5% higher than 95% of 127,068 filed plans

This plan $0 $2,010,000,000 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 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Farm Bureau Employees' 401(k) Plan reported net income rose from -$25M in the plan year 2022 filing to $32M in the plan year 2023 filing.
  • Farm Bureau Employees' 401(k) Plan end-of-year assets rose from $175M in the plan year 2022 filing to $207M in the plan year 2023 filing.
  • Farm Bureau Employees' 401(k) Plan reported participants rose from 1,163 in the plan year 2022 filing to 1,181 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Michigan
Industry
Agriculture, Forestry & Fishing

Farm Bureau Employees' 401(k) Plan vs the 2023 asset distribution

By assets, Farm Bureau Employees' 401(k) Plan outranks 95% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 2.1x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$175M
Net Assets (End of Year)$207M
Net Income$32M
Employer EIN381718391
Plan Effective Date1997-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Michigan Farm Bureau)

$400M$450M$500M$550M 202220232024 $448M $523M ▲ +16.7%
Total plan assets by year, all Michigan Farm Bureau plans on file
Year Plans Participants Total Assets
2022 2 1,443 $448M
2023 2 1,431 $482M
2024 2 1,420 $523M

Nearby 401(k) Plans in Michigan

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

Farm Bureau Employees' 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Farm Bureau Employee…, Total assets ($B): 0.206959154 · Participants: 1181Farm Bureau Employee…General Motors Retir…, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retir…Ford Motor Co. Savin…, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savin…The Dow Chemical Com…, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Com…The General Motors P…, Total assets ($B): 8.580684909 · Participants: 40393The General Motors P…Ford Motor Co. Tax-E…, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-E…
Farm Bureau Employees' 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Farm Bureau Employees' 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Farm Bureau Employees' 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Farm Bureau Employees' 401(k) Plan assets move in 2023? ▼
Farm Bureau Employees' 401(k) Plan grew sharply - up 18.0% during 2023, from $175M to $207M. Reported net income was $32M.
How have Michigan Farm Bureau plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Michigan Farm Bureau's sponsor-wide assets grew 16.7%, from $448M to $523M.
Where does Farm Bureau Employees' 401(k) Plan rank by assets among Form 5500 filers? ▼
Farm Bureau Employees' 401(k) Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Farm Bureau Employees' 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Beverage Distribution Savings Plan in NJ ($207M, 1,256 participants).

Next read for Farm Bureau Employees' 401(k) Plan

Scale reading

Ways to act on Farm Bureau Employees' 401(k) Plan's numbers.

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 381718391.

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.