401(k) · DOL Form 5500 · 2023

United Fire & Casualty Company 401(k) Plan

Data updated 2026-08-25

$151M
Total assets Near avg plan size
1,096
Participants Near avg headcount
94th
Percentile by assets National rank
$137,980
Avg per participant Near avg balance/head
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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.

  • #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.

#7,983
in Finance & Insurance (8,869 peers)
+6.6%
assets growth YoY
1.5×
vs typical plan assets (national mean)

United Fire Group 401(k) Plan's outsized position by total assets

United Fire Group 401(k) Plan vs every filed plan by assets

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

$151,225,617 Top 6% higher than 94% of 127,068 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 2023

United Fire Group 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. United Fire Group 401(k) Plan lands in the large band (1,096 participants).

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 →

EBSA filing schedule strip

Filing strip 420644327 · United Fire & Casualty Company PY 2023 · 401(k)

United Fire Group 401(k) Plan · $151M · 1,096 · 94th

  • EOY $151M
  • 5500 1,096
  • ASSETS 94th
  • PCT 401(k)
  • EIN near Bangor Savings Bank 401(k) Plan & Trust Agreement
  • RANK ind #7983

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 Iowa →

United Fire Group 401(k) Plan in the asset neighbourhood

Robert Half Inc. 401(k) Plan for Contract Talent and Full-Time Engagement ProfessionalsRobert Half Inc. 401(k) Plan…$151MAgreliant Genetics 401(k) Retirement PlanAgreliant Genetics 401(k) Re…$151MUnited Fire Group 401(k) Plan$151MBangor Savings Bank 401(k) Plan & Trust AgreementBangor Savings Bank 401(k) P…$151MPenn Engineering 401(k) Plan$151M
End-of-year total assets ($M) among United Fire Group 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

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)

Sponsor-wide plan assets over time

All United Fire & Casualty Company plans reported in each filing year

Latest sponsor-wide plan assets
$391M 5.3227911057036374% vs 2022
2024 filing year
$360M$380M$400M$420M 202220232024 $372M $391M ▲ +5.3%
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 Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants United Fire Group 401(k) Plan, Total assets ($B): 0.151225617 · Participants: 1096United Fire Group 401(k) PlanThe Principal Select Savings Plan, Total assets ($B): 4.134174305 · Participants: 12827The Principal Select Savings PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 2.955731563 · Participants: 28959Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 2.941182172 · Participants: 56181The Hy-Vee and Affiliates 401(k) PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 2.890404508 · Participants: 14720The Rsm US LLP Retirement PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.425600114 · Participants: 6999Transamerica 401(k) Retirement Savings Plan
United Fire Group 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare United Fire Group 401(k) Plan side-by-side with 3 peers →

United Fire Group 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Bangor Savings Bank 401(k) Plan & Trust Agreement in ME ($151M); by covered participants it is Rpcs, Inc. 401(k) Plan in MO (1,096 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,096 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to United Fire Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Rpcs, Inc. 401(k) Plan in MO (1,096 participants, $5M in assets).

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 420644327.

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.