Defined Benefit (Pension)
2023 plan-year Defined Benefit (Pension) DOL Form 5500

Georgia Farm Bureau Mutual Insurance Company Retirement Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Georgia Farm Bureau Mutual Company · Georgia · Finance & Insurance

What the 2023 filing shows

Georgia Farm Bureau Mutual Insurance Company Retirement Plan holds $80M for 296 participants — about $271,281 per participant, down 10.1% over the 2023 plan year.

$80M
total plan assets (2023 EOY)
296
covered participants
$271,281
avg assets per participant
-10.1%
assets change YoY

The plan reported a net loss of $9M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$80M
Participants
296
State
Industry
Finance & Insurance

What the Filing Says About Georgia Farm Bureau Mutual Insurance Company Retirement Plan

Georgia Farm Bureau Mutual Insurance Company Retirement Plan is a Defined Benefit (Pension) retirement plan sponsored by Georgia Farm Bureau Mutual Company, headquartered in Georgia. As of the 2023 Form 5500 filing, the plan reports $80M in total end-of-year assets and covers 296 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 580707657, and the plan has been effective since 1960-07-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $89M at the beginning of 2023 to $80M at year-end — a decline of 10.1%. Net assets (after liabilities) closed the year at $80M, with reported net income of $-9,011,483 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$89M
Total Assets (End of Year)$80M
Net Assets (End of Year)$80M
Net Income$-9,011,483
Plan TypeDefined Benefit (Pension)
Employer EIN580707657
Plan Effective Date1960-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Georgia Farm Bureau Mutual Company)

Year Plans Participants Total Assets
2022 2 1,497 $271M
2023 2 1,448 $285M
2024 1 1,176 $227M

Nearby Defined Benefit (Pension) Plans in Georgia

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

Frequently Asked Questions

How much money is in the Georgia Farm Bureau Mutual Insurance Company Retirement Plan?
As of the 2023 Form 5500 filing, Georgia Farm Bureau Mutual Insurance Company Retirement Plan holds $80M in total assets with 296 participants. It is sponsored by Georgia Farm Bureau Mutual Company.
What type of plan is Georgia Farm Bureau Mutual Insurance Company Retirement Plan?
Georgia Farm Bureau Mutual Insurance Company Retirement Plan is a Defined Benefit (Pension) plan. It has been effective since 1960-07-01. The plan is filed with the U.S. Department of Labor under EIN 580707657.
Who sponsors the Georgia Farm Bureau Mutual Insurance Company Retirement Plan?
Georgia Farm Bureau Mutual Insurance Company Retirement Plan is sponsored by Georgia Farm Bureau Mutual Company, located in Georgia. The sponsor's EIN is 580707657 and the plan operates in the Finance & Insurance industry.
How did Georgia Farm Bureau Mutual Insurance Company Retirement Plan perform in 2023?
Georgia Farm Bureau Mutual Insurance Company Retirement Plan declined by 10.1% during 2023, moving from $89M to $80M in total assets. Net income was $-9,011,483.
Where can I find official filings for Georgia Farm Bureau Mutual Insurance Company Retirement Plan?
Official Form 5500 filings for Georgia Farm Bureau Mutual Insurance Company Retirement Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 580707657 or plan name at efast.dol.gov.
How does Georgia Farm Bureau Mutual Insurance Company Retirement Plan compare to other plans?
You can compare Georgia Farm Bureau Mutual Insurance Company Retirement Plan against other Defined Benefit (Pension) plans on the plan type page, or view plans in Georgia on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 580707657.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.