Defined Benefit (Pension) · DOL Form 5500 · 2023
Michigan Farm Bureau Pension Plan
Data updated 2026-08-11
- $275M
- Total assets
- 250
- Participants
- 96th
- Percentile by assets
- $1.1M
- Avg per participant
Official DOL plan name: Farm Bureau Employees' Retirement Plan · Sponsored by Michigan Farm Bureau · Michigan · Agriculture, Forestry & Fishing
$275M in assets, 250 participants
Michigan Farm Bureau's Farm Bureau Employees' Retirement Plan reported $275M in total assets and 250 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 127,072 plans)
- #1,274 in Agriculture, Forestry & Fishing (1,288 peers)
Coverage in Michigan
Farm Bureau Employees' Retirement Plan covers 250 participants in Michigan, about 39% of the average Michigan filer (state average ~638 per filing). Assets: $275M.
- $275M
- total plan assets (2023 EOY)
- 250
- covered participants
- 96th
- percentile by assets (of 127,072 plans)
- $1.1M
- avg assets per participant
Where Farm Bureau Employees' Retirement Plan sits by total assets
Farm Bureau Employees' Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$274,762,745 Top 4% higher than 96% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Farm Bureau Employees' Retirement Plan reported net income rose from $997K in the plan year 2022 filing to $2M in the plan year 2023 filing.
- Farm Bureau Employees' Retirement Plan reported participants fell from 280 in the plan year 2022 filing to 250 in the plan year 2023 filing.
- Farm Bureau Employees' Retirement Plan end-of-year assets rose from $272M in the plan year 2022 filing to $275M in the plan year 2023 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Farm Bureau Employees' Retirement Plan reports 250 participants - about 39% of that state average ($275M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $272M |
|---|---|
| Net Assets (End of Year) | $275M |
| Net Income | $2M |
| Employer EIN | 381718391 |
| Plan Effective Date | 1957-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Michigan Farm Bureau)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,443 | $448M |
| 2023 | 2 | 1,431 | $482M |
| 2024 | 2 | 1,420 | $523M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Farm Bureau Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $44.8B · 17,959
- Ford Motor Company UAW Retirement Plan $19.3B · 26,442
- Ford Motor Company General Retirement Plan $12.7B · 10,215
- Dow Employees' Pension Plan $11.5B · 14,051
- Fca US LLC UAW Pension Agreement $11.2B · 13,635
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Farm Bureau Employees' Retirement Plan by total assets, not by location.
Frequently Asked Questions
How did Farm Bureau Employees' Retirement Plan assets move in 2023? ▼
How have Michigan Farm Bureau plan assets changed over time? ▼
Where does Farm Bureau Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Farm Bureau Employees' Retirement Plan? ▼
Next read for Farm Bureau Employees' Retirement Plan
Filing takeaways
Ways to act on Farm Bureau Employees' Retirement Plan's numbers.
- By total assets, Farm Bureau Employees' Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Michigan. Compare plans
- Michigan Farm Bureau's sponsor-wide assets have grown 16.7% since 2022 across 3 plan years on file. More Agriculture, Forestry & Fishing plans