401(k) · DOL Form 5500 · 2023

Farmers Mutual Hail Insurance Company of Iowa 401(k) Plan

Data updated 2026-08-25

$154M
Total assets Near avg plan size
557
Participants Below avg headcount
94th
Percentile by assets National rank
$276,700
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Farmers Mutual Hail Tax Deferred Savings Plan · Sponsored by Farmers Mutual Hail Insurance Company of Iowa · Iowa · Finance & Insurance

$154M in assets, 557 participants

Farmers Mutual Hail Insurance Company of Iowa's Farmers Mutual Hail Tax Deferred Savings Plan reported $154M in total assets and 557 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.

  • #7,995 in Finance & Insurance (8,869 peers)

Where Farmers Mutual Hail Tax Deferred Savings Plan sits by assets

Farmers Mutual Hail Tax Deferred Savings Plan sits in the top 10% of all filed plans by assets, $154M for 557 participants (~$276,700/participant), up 27.0% in 2023.

#7,995
in Finance & Insurance (8,869 peers)
+27.0%
assets growth YoY
1.5×
vs typical plan assets (national mean)

Farmers Mutual Hail Tax Deferred Savings Plan's outsized position by total assets

Farmers Mutual Hail Tax Deferred Savings Plan vs every filed plan by assets

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

$154,121,746 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

Farmers Mutual Hail Tax Deferred Savings 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. Farmers Mutual Hail Tax Deferred Savings Plan sits mid-pack in the medium band (557 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Farmers Mutual Hail Tax Deferred Savings Plan reported net income rose from -$19M in the plan year 2022 filing to $33M in the plan year 2023 filing.
  • Farmers Mutual Hail Tax Deferred Savings Plan end-of-year assets rose from $121M in the plan year 2022 filing to $154M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 420245840 · Farmers Mutual Hail Insurance Company of Iowa PY 2023 · 401(k)

Farmers Mutual Hail Tax Deferred Savings Plan · $154M · 557 · 94th

  • VS-ST $154M
  • BOY 557
  • SCH 94th
  • EBSA 401(k)
  • PART near Frost Brown Todd LLP Retirement Savings Plan for Associated Lawyers
  • TYPE ind #7995

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 →

Farmers Mutual Hail Tax Deferred Savings Plan in the asset neighbourhood

Nepc, LLC Profit Sharing and 401(k) PlanNepc, LLC Profit Sharing and…$154MYuma Regional Medical Center 401(k) PlanYuma Regional Medical Center…$154MFrost Brown Todd LLP Retirement Savings Plan for Associated LawyersFrost Brown Todd LLP Retirem…$154MRubrik 401(k) Plan$154MFarmers Mutual Hail Tax Deferred Savings PlanFarmers Mutual Hail Tax Defe…$154M
End-of-year total assets ($M) among Farmers Mutual Hail Tax Deferred Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$121M
Net Assets (End of Year)$154M
Net Income$33M
Employer EIN420245840
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Farmers Mutual Hail Insurance Company of Iowa)

Sponsor-wide plan assets over time

All Farmers Mutual Hail Insurance Company of Iowa plans reported in each filing year

Latest sponsor-wide plan assets
$172M 5.511612836872029% vs 2022
2024 filing year
$150M$160M$170M$180M 202220232024 $163M $172M ▲ +5.5%
Year Plans Participants Total Assets
2022 2 663 $163M
2023 2 666 $154M
2024 1 590 $172M

Nearby 401(k) Plans in Iowa

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

Farmers Mutual Hail Tax Deferred Savings Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Farmers Mutual Hail Tax Deferred Savings Plan, Total assets ($B): 0.154121746 · Participants: 557Farmers Mutual Hail Tax Deferred Savings 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
Farmers Mutual Hail Tax Deferred Savings Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Farmers Mutual Hail Tax Deferred Savings Plan side-by-side with 3 peers →

Farmers Mutual Hail Tax Deferred Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Frost Brown Todd LLP Retirement Savings Plan for Associated Lawyers in KY ($154M); by covered participants it is Penn Asian Senior Services 401(k) Profit Sharing Plan and T in PA (557 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($154M here).

Similar participant headcount

Nearest other-state filings by covered participants (557 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 Farmers Mutual Hail Tax Deferred Savings Plan assets move in 2023? ▼
Farmers Mutual Hail Tax Deferred Savings Plan grew sharply - up 27.0% during 2023, from $121M to $154M. Reported net income was $33M.
How have Farmers Mutual Hail Insurance Company of Iowa plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farmers Mutual Hail Insurance Company of Iowa's sponsor-wide assets grew 5.5%, from $163M to $172M.
Where does Farmers Mutual Hail Tax Deferred Savings Plan rank by assets among Form 5500 filers? ▼
Farmers Mutual Hail Tax Deferred Savings 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 Farmers Mutual Hail Tax Deferred Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Frost Brown Todd LLP Retirement Savings Plan for Associated Lawyers in KY ($154M, 429 participants).
Which 401(k) plans cover a similar participant headcount to Farmers Mutual Hail Tax Deferred Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Penn Asian Senior Services 401(k) Profit Sharing Plan and T in PA (557 participants, $4M 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 420245840.

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.