401(k) · DOL Form 5500 · 2024

Michigan Farm Bureau 401(k) Plan

Data updated 2026-08-11

$231M
Total assets
1,191
Participants
95th
Percentile by assets
$193,619
Avg per participant
PlainRetire home → About this data

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.

  • 95th percentile by assets (of 123,622 plans)
  • #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.

$231M
total plan assets (2024 EOY)
1,191
covered participants
95th
percentile by assets (of 123,622 plans)
$193,619
avg assets per participant

Where Farm Bureau Employees' 401(k) Plan sits 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 $2,010,000,000 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

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 →

State
Michigan
Industry
Agriculture, Forestry & Fishing

Farm Bureau Employees' 401(k) Plan vs the 2024 asset distribution

By assets, Farm Bureau Employees' 401(k) Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.3x the national average plan size of $100M (721 average participants).

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)

$400M$450M$500M$550M 202220232024 $448M $523M ▲ +16.7%
Total plan assets by year, all Michigan Farm Bureau plans on file
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 ($B) Participants Farm Bureau Employee…, Total assets ($B): 0.230599853 · Participants: 1191Farm Bureau Employee…General Motors Retir…, Total assets ($B): 23.0591668 · Participants: 43053General Motors Retir…Ford Motor Co. Savin…, Total assets ($B): 17.26893589 · Participants: 31790Ford Motor Co. Savin…The Dow Chemical Com…, Total assets ($B): 10.768606712 · Participants: 17128The Dow Chemical Com…The General Motors P…, Total assets ($B): 9.568379082 · Participants: 42513The General Motors P…Ford Motor Co. Tax-E…, Total assets ($B): 8.2932975 · Participants: 60497Ford Motor Co. Tax-E…
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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Farm Bureau Employees' 401(k) Plan by total assets, not by location.

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).

Next read for Farm Bureau Employees' 401(k) Plan

Scale reading

Ways to act on Farm Bureau Employees' 401(k) Plan's numbers.

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.