Defined Benefit (Pension) · DOL Form 5500 · 2023

United Farm Family Life Insurance Company Pension Plan

Data updated 2026-08-25

$231M
Total assets Near avg plan size
364
Participants Below avg headcount
95th
Percentile by assets National rank
$635,939
Avg per participant High balance/head
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Official DOL plan name: Indiana Farm Bureau Retirement Plan · Sponsored by United Farm Family Life Insurance Company · Indiana · Finance & Insurance

$231M in assets, 364 participants

United Farm Family Life Insurance Company's Indiana Farm Bureau Retirement Plan reported $231M in total assets and 364 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.

  • #8,190 in Finance & Insurance (8,869 peers)

Where Indiana Farm Bureau Retirement Plan sits by assets

Indiana Farm Bureau Retirement Plan sits in the top 5% of all filed plans by assets, $231M for 364 participants (~$635,939/participant), down 0.5% in 2023.

#8,190
in Finance & Insurance (8,869 peers)
-0.5%
assets change YoY
2.3×
vs typical plan assets (national mean)

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Indiana Farm Bureau Retirement Plan's outsized position by total assets

Indiana Farm Bureau Retirement Plan vs every filed plan by assets

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

$231,481,966 Top 5% higher than 95% 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

Indiana Farm Bureau Retirement Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Indiana Farm Bureau Retirement Plan sits mid-pack in the medium band (364 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Indiana Farm Bureau Retirement Plan reported net income rose from -$67M in the plan year 2022 filing to -$1M in the plan year 2023 filing.
  • Indiana Farm Bureau Retirement Plan reported participants fell from 401 in the plan year 2022 filing to 364 in the plan year 2023 filing.
  • Indiana Farm Bureau Retirement Plan end-of-year assets fell from $233M in the plan year 2022 filing to $231M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 351097117 · United Farm Family Life Insurance Company PY 2023 · Defined Benefit (Pension)

Indiana Farm Bureau Retirement Plan · $231M · 364 · 95th

  • ASSETS $231M
  • ASSETS 364
  • ASSETS 95th
  • ASSETS Defined Benefit (Pension)
  • ASSETS near The Continental Pilots Retirement Plan
  • ASSETS ind #8190

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 Indiana →

Indiana Farm Bureau Retirement Plan in the asset neighbourhood

First Citizens Bank & Trust Company, Inc. Pension PlanFirst Citizens Bank & Trust …$232MIndiana Farm Bureau Retirement PlanIndiana Farm Bureau Retireme…$231MThe Continental Pilots Retirement PlanThe Continental Pilots Retir…$231MPark National Corporation Defined Benefit Pension PlanPark National Corporation De…$231MRetirement Plan for Employees of MatsonRetirement Plan for Employee…$231M
End-of-year total assets ($M) among Indiana Farm Bureau Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$233M
Net Assets (End of Year)$231M
Net Income-$1M
Employer EIN351097117
Plan Effective Date1940-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (United Farm Family Life Insurance Company)

Sponsor-wide plan assets over time

All United Farm Family Life Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$508M 6.177668310675801% vs 2022
2024 filing year
$470M$480M$490M$500M$510M$520M 202220232024 $479M $508M ▲ +6.2%
Year Plans Participants Total Assets
2022 2 1,740 $479M
2023 2 1,683 $500M
2024 2 1,678 $508M

Nearby Defined Benefit (Pension) Plans in Indiana

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

Indiana Farm Bureau Retirement Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -5051015 Total assets ($B) Participants Indiana Farm Bureau Retirement Plan, Total assets ($B): 0.231481966 · Participants: 364Indiana Farm Bureau Retirement PlanThe Lilly Retirement Plan, Total assets ($B): 11.68755379 · Participants: 19111The Lilly Retirement PlanCummins Pension Plan, Total assets ($B): 3.321162584 · Participants: 26560Cummins Pension PlanIndiana Laborers Pension Fund, Total assets ($B): 1.654720253 · Participants: 10800Indiana Laborers Pension FundElevance Health Cash Balance Plan a, Total assets ($B): 1.277905032 · Participants: 8197Elevance Health Cash Balance Plan aNisource Pension Plan, Total assets ($B): 1.063713087 · Participants: 2174Nisource Pension Plan
Indiana Farm Bureau Retirement Plan vs. nearby Defined Benefit (Pension) plans in Indiana, assets vs. participants
Compare Indiana Farm Bureau Retirement Plan side-by-side with 3 peers →

Indiana Farm Bureau Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Indiana, the nearest Defined Benefit (Pension) by assets is The Continental Pilots Retirement Plan in TX ($231M); by covered participants it is The Retirement Plan of Kennebunk Savings Bank in ME (364 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (364 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 Indiana Farm Bureau Retirement Plan assets move in 2023? ▼
Indiana Farm Bureau Retirement Plan held essentially flat - down 0.5% during 2023, from $233M to $231M. Reported net income was -$1M.
How have United Farm Family Life Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), United Farm Family Life Insurance Company's sponsor-wide assets grew 6.2%, from $479M to $508M.
Where does Indiana Farm Bureau Retirement Plan rank by assets among Form 5500 filers? ▼
Indiana Farm Bureau Retirement 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 Defined Benefit (Pension) plans are similar in size to Indiana Farm Bureau Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Continental Pilots Retirement Plan in TX ($231M, 1,289 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Indiana Farm Bureau Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is The Retirement Plan of Kennebunk Savings Bank in ME (364 participants, $70M 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 351097117.

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.