401(k) · DOL Form 5500 · 2023

United Fire & Casualty Company 401(k) Plan

Data updated 2026-08-11

$151M
Total assets
1,096
Participants
94th
Percentile by assets
$137,980
Avg per participant
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Official DOL plan name: United Fire Group 401(k) Plan · Sponsored by United Fire & Casualty Company · Iowa · Finance & Insurance

$151M in assets, 1,096 participants

United Fire & Casualty Company's United Fire Group 401(k) Plan reported $151M in total assets and 1,096 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.

  • 94th percentile by assets (of 127,072 plans)
  • #7,983 in Finance & Insurance (8,869 peers)

Where United Fire Group 401(k) Plan sits by assets

United Fire Group 401(k) Plan sits in the top 10% of all filed plans by assets, $151M for 1,096 participants (~$137,980/participant), up 6.6% in 2023.

$151M
total plan assets (2023 EOY)
1,096
covered participants
94th
percentile by assets (of 127,072 plans)
$137,980
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • United Fire Group 401(k) Plan reported net income rose from -$24M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • United Fire Group 401(k) Plan end-of-year assets rose from $142M in the plan year 2022 filing to $151M in the plan year 2023 filing.
  • United Fire Group 401(k) Plan reported participants rose from 1,077 in the plan year 2022 filing to 1,096 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

United Fire Group 401(k) Plan vs the 2023 asset distribution

By assets, United Fire Group 401(k) Plan outranks 94% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 1.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$142M
Net Assets (End of Year)$151M
Net Income$9M
Employer EIN420644327
Plan Effective Date1989-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (United Fire & Casualty Company)

$360M$380M$400M$420M 202220232024 $372M $391M ▲ +5.3%
Total plan assets by year, all United Fire & Casualty Company plans on file
Year Plans Participants Total Assets
2022 2 1,912 $372M
2023 2 1,819 $415M
2024 2 1,490 $391M

Nearby 401(k) Plans in Iowa

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

United Fire Group 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants

United Fire Group 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants United Fire Group 40…The Principal Select…Iowa Health System S…The Hy-Vee and Affil…The Rsm US LLP Retir…Transamerica 401(k) …
United Fire Group 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to United Fire Group 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did United Fire Group 401(k) Plan assets move in 2023?
United Fire Group 401(k) Plan grew at a solid clip - up 6.6% during 2023, from $142M to $151M. Reported net income was $9M.
How have United Fire & Casualty Company plan assets changed over time?
Across 3 plan years on file (2022-2024), United Fire & Casualty Company's sponsor-wide assets grew 5.3%, from $372M to $391M.
Where does United Fire Group 401(k) Plan rank by assets among Form 5500 filers?
United Fire Group 401(k) Plan ranks in the 94th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to United Fire Group 401(k) Plan?
Among 401(k) plans in other states, the closest by assets is Bangor Savings Bank 401(k) Plan & Trust Agreement in ME ($151M, 1,045 participants).

Next read for United Fire Group 401(k) Plan

Scale reading

Ways to act on United Fire Group 401(k) Plan's numbers.