401(k) · DOL Form 5500 · 2024

Michigan Farm Bureau 401(k) Plan

Data updated 2026-08-25

$231M
Total assets Near avg plan size
1,191
Participants Near avg headcount
95th
Percentile by assets National rank
$193,619
Avg per participant Above avg balance/head
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Official DOL plan name: Farm Bureau Employees' 401(k) Plan · Sponsored by Michigan Farm Bureau · Michigan · Agriculture, Forestry & Fishing

$231M in assets, 1,191 participants

Michigan Farm Bureau's Farm Bureau Employees' 401(k) Plan reported $231M in total assets and 1,191 participants in its 2024 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.

  • #1,199 in Agriculture, Forestry & Fishing (1,217 peers)

Where Farm Bureau Employees' 401(k) Plan sits by assets

Farm Bureau Employees' 401(k) Plan sits in the top 5% of all filed plans by assets, $231M for 1,191 participants (~$193,619/participant), up 11.4% in 2024.

#1,199
in Agriculture, Forestry & Fishing (1,217 peers)
+11.4%
assets growth YoY
2.3×
vs typical plan assets (national mean)

Farm Bureau Employees' 401(k) Plan's outsized position by total assets

Farm Bureau Employees' 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$230,599,853 Top 5% higher than 95% of 123,620 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 2024

Farm Bureau Employees' 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farm Bureau Employees' 401(k) Plan lands in the large band (1,191 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Farm Bureau Employees' 401(k) Plan reported net income fell from $32M in the plan year 2023 filing to $24M in the plan year 2024 filing.
  • Farm Bureau Employees' 401(k) Plan end-of-year assets rose from $207M in the plan year 2023 filing to $231M in the plan year 2024 filing.
  • Farm Bureau Employees' 401(k) Plan reported participants rose from 1,181 in the plan year 2023 filing to 1,191 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 381718391 · Michigan Farm Bureau PY 2024 · 401(k)

Farm Bureau Employees' 401(k) Plan · $231M · 1,191 · 95th

  • SCH $231M
  • SCH 1,191
  • SCH 95th
  • SCH 401(k)
  • SCH near Almac 401(k) Retirement Plan
  • SCH ind #1199

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 Agriculture, Forestry & Fishing retirement plans → · Plans in Michigan →

Farm Bureau Employees' 401(k) Plan in the asset neighbourhood

Exp U.S. Services, Inc. Saving and Retirement PlanExp U.S. Services, Inc. Savi…$231MPrecision Medicine Group 401(k) PlanPrecision Medicine Group 401…$231MPaycor 401(k) Plan$231MFarm Bureau Employees' 401(k) PlanFarm Bureau Employees' 401(k…$231MAlmac 401(k) Retirement Plan$231M
End-of-year total assets ($M) among Farm Bureau Employees' 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$207M
Net Assets (End of Year)$231M
Net Income$24M
Employer EIN381718391
Plan Effective Date1997-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Michigan Farm Bureau)

Sponsor-wide plan assets over time

All Michigan Farm Bureau plans reported in each filing year

Latest sponsor-wide plan assets
$523M 16.74658971166747% vs 2022
2024 filing year
$400M$450M$500M$550M 202220232024 $448M $523M ▲ +16.7%
Year Plans Participants Total Assets
2022 2 1,443 $448M
2023 2 1,431 $482M
2024 2 1,420 $523M

Nearby 401(k) Plans in Michigan

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

Farm Bureau Employees' 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -100102030 Total assets ($B) Participants Farm Bureau Employees' 401(k) Plan, Total assets ($B): 0.230599853 · Participants: 1191Farm Bureau Employees' 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 9.568379082 · Participants: 42513The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Farm Bureau Employees' 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Farm Bureau Employees' 401(k) Plan side-by-side with 3 peers →

Farm Bureau Employees' 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is Almac 401(k) Retirement Plan in PA ($231M); by covered participants it is Shockwave Medical, Inc. 401(k) Plan in CA (1,191 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($231M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,191 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Farm Bureau Employees' 401(k) Plan assets move in 2024? ▼
Farm Bureau Employees' 401(k) Plan grew at a solid clip - up 11.4% during 2024, from $207M to $231M. Reported net income was $24M.
How have Michigan Farm Bureau plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Michigan Farm Bureau's sponsor-wide assets grew 16.7%, from $448M to $523M.
Where does Farm Bureau Employees' 401(k) Plan rank by assets among Form 5500 filers? ▼
Farm Bureau Employees' 401(k) Plan ranks in the 95th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Farm Bureau Employees' 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Almac 401(k) Retirement Plan in PA ($231M, 2,128 participants).
Which 401(k) plans cover a similar participant headcount to Farm Bureau Employees' 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Shockwave Medical, Inc. 401(k) Plan in CA (1,191 participants, $105M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 381718391.

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.