Defined Benefit (Pension) · DOL Form 5500 · 2023
North Carolina Mutual Insurance Company Pension Plan
Data updated 2026-08-25
- $224M
- Total assets Near avg plan size
- 1,225
- Participants Near avg headcount
- 95th
- Percentile by assets National rank
- $183,015
- Avg per participant Above avg balance/head
Official DOL plan name: Nc Farm Bureau Mutual Insurance Company Retirement Plan · Sponsored by North Carolina Mutual Insurance Company · North Carolina · Finance & Insurance
$224M in assets, 1,225 participants
North Carolina Mutual Insurance Company's Nc Farm Bureau Mutual Insurance Company Retirement Plan reported $224M in total assets and 1,225 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.
- #8,177 in Finance & Insurance (8,869 peers)
Where Nc Farm Bureau Mutual Insurance Company Retirement Plan sits by assets
Nc Farm Bureau Mutual Insurance Company Retirement Plan sits in the top 5% of all filed plans by assets, $224M for 1,225 participants (~$183,015/participant), up 6.3% in 2023.
- #8,177
- in Finance & Insurance (8,869 peers)
- +6.3%
- assets growth YoY
- 2.2×
- vs typical plan assets (national mean)
Nc Farm Bureau Mutual Insurance Company Retirement Plan's outsized position by total assets
Nc Farm Bureau Mutual Insurance Company Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$224,193,032 Top 5% higher than 95% 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
Nc Farm Bureau Mutual Insurance Company Retirement 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. Nc Farm Bureau Mutual Insurance Company Retirement Plan lands in the large band (1,225 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Nc Farm Bureau Mutual Insurance Company Retirement Plan reported net income fell from $17M in the plan year 2022 filing to $13M in the plan year 2023 filing.
- Nc Farm Bureau Mutual Insurance Company Retirement Plan end-of-year assets rose from $211M in the plan year 2022 filing to $224M in the plan year 2023 filing.
- Nc Farm Bureau Mutual Insurance Company Retirement Plan reported participants rose from 1,168 in the plan year 2022 filing to 1,225 in the plan year 2023 filing.
Plan-year Form 5500 strip
Filing strip 560586973 · North Carolina Mutual Insurance Company PY 2023 · Defined Benefit (Pension)
Nc Farm Bureau Mutual Insurance Company Retirement Plan · $224M · 1,225 · 95th
- 5500 $224M
- ASSETS 1,225
- PCT 95th
- EIN Defined Benefit (Pension)
- RANK near Paul Weiss Rifkind Wharton & Garrison LLP Employees' Pension & Retirement Plan
- PHOTO ind #8177
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 North Carolina →
Nc Farm Bureau Mutual Insurance Company Retirement Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $211M |
|---|---|
| Net Assets (End of Year) | $224M |
| Net Income | $13M |
| Employer EIN | 560586973 |
| Plan Effective Date | 1957-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (North Carolina Mutual Insurance Company)
Sponsor-wide plan assets over time
All North Carolina Mutual Insurance Company plans reported in each filing year
- Latest sponsor-wide plan assets
- $289M 15.068674468240623% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,437 | $251M |
| 2023 | 2 | 2,514 | $271M |
| 2024 | 2 | 2,735 | $289M |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Honeywell Retirement Earnings Plan $16.6B · 11,145
- Truist Financial Corporation Pension Plan $14.6B · 45,818
- Duke Energy Retirement Cash Balance Plan $4.0B · 14,485
- Duke Energy Legacy Pension Plan $3.4B · 371
- Employees' Retirement Plan of Duke University $2.6B · 21,020
Nc Farm Bureau Mutual Insurance Company Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Paul Weiss Rifkind Wharton & Garrison LLP Employees' Pension & Retirement Plan in NY ($224M); by covered participants it is The Atlanticare Health System, Inc. Pension Plan in NJ (1,222 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($224M here).
- Paul Weiss Rifkind Wharton & Garrison LLP Employees' Pension & Retirement Plan (NY) $224M · 178
- Waste Isolation Pilot Plant Pension Plan (NM) $224M · 953
- Horizon Blue Cross Blue Shield of Nj Employees Retirement Plan II (NJ) $224M · 774
- Campbell Soup Company Retirement and Pension Plan for Employees Covered by Collective Bargaining Agreements (NJ) $225M · 418
Similar participant headcount
Nearest other-state filings by covered participants (1,225 participants); asset peers above are excluded.
- The Atlanticare Health System, Inc. Pension Plan (NJ) 1,222 · 3 off
- Cash Balance Retirement Plan for Non-Union Employees of Butler Memorial Hospital (PA) 1,229 · 4 off
- Heidelberg Materials US Pension Plan (TX) 1,230 · 5 off
- The New York Times Companies Pension Plan (NY) 1,219 · 6 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.