401(k) · DOL Form 5500 · 2024

Farmers Mutual Hail Insurance Company of Iowa 401(k) Plan

Data updated 2026-08-25

$172M
Total assets Near avg plan size
590
Participants Below avg headcount
94th
Percentile by assets National rank
$291,806
Avg per participant High balance/head
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Official DOL plan name: Farmers Mutual Hail Tax Deferred Savings Plan · Sponsored by Farmers Mutual Hail Insurance Company of Iowa · Iowa · Finance & Insurance

$172M in assets, 590 participants

Farmers Mutual Hail Insurance Company of Iowa's Farmers Mutual Hail Tax Deferred Savings Plan reported $172M in total assets and 590 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.

  • #7,687 in Finance & Insurance (8,549 peers)

Where Farmers Mutual Hail Tax Deferred Savings Plan sits by assets

Farmers Mutual Hail Tax Deferred Savings Plan sits in the top 10% of all filed plans by assets, $172M for 590 participants (~$291,806/participant), up 11.7% in 2024.

#7,687
in Finance & Insurance (8,549 peers)
+11.7%
assets growth YoY
1.7×
vs typical plan assets (national mean)

Farmers Mutual Hail Tax Deferred Savings Plan's outsized position by total assets

Farmers Mutual Hail Tax Deferred Savings Plan vs every filed plan by assets

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

$172,165,698 Top 6% higher than 94% 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

Farmers Mutual Hail Tax Deferred Savings Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farmers Mutual Hail Tax Deferred Savings Plan sits mid-pack in the medium band (590 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Farmers Mutual Hail Tax Deferred Savings Plan reported net income fell from $33M in the plan year 2023 filing to $18M in the plan year 2024 filing.
  • Farmers Mutual Hail Tax Deferred Savings Plan end-of-year assets rose from $154M in the plan year 2023 filing to $172M in the plan year 2024 filing.
  • Farmers Mutual Hail Tax Deferred Savings Plan reported participants rose from 557 in the plan year 2023 filing to 590 in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 420245840 · Farmers Mutual Hail Insurance Company of Iowa PY 2024 · 401(k)

Farmers Mutual Hail Tax Deferred Savings Plan · $172M · 590 · 94th

  • TYPE $172M
  • NET 590
  • BOOK 94th
  • VS-ST 401(k)
  • BOY near Gpd Group 401(k) Retirement Plan
  • SCH ind #7687

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 Iowa →

Farmers Mutual Hail Tax Deferred Savings Plan in the asset neighbourhood

Johnson Outdoors Retirement and Savings PlanJohnson Outdoors Retirement …$172MTalos Energy 401(k) Plan$172MGpd Group 401(k) Retirement PlanGpd Group 401(k) Retirement …$172MClub Car 401(k) Plan$172MFarmers Mutual Hail Tax Deferred Savings PlanFarmers Mutual Hail Tax Defe…$172M
End-of-year total assets ($M) among Farmers Mutual Hail Tax Deferred Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$154M
Net Assets (End of Year)$172M
Net Income$18M
Employer EIN420245840
Plan Effective Date1978-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Farmers Mutual Hail Insurance Company of Iowa)

Sponsor-wide plan assets over time

All Farmers Mutual Hail Insurance Company of Iowa plans reported in each filing year

Latest sponsor-wide plan assets
$172M 5.511612836872029% vs 2022
2024 filing year
$150M$160M$170M$180M 202220232024 $163M $172M ▲ +5.5%
Year Plans Participants Total Assets
2022 2 663 $163M
2023 2 666 $154M
2024 1 590 $172M

Nearby 401(k) Plans in Iowa

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

Farmers Mutual Hail Tax Deferred Savings Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Farmers Mutual Hail Tax Deferred Savings Plan, Total assets ($B): 0.172165698 · Participants: 590Farmers Mutual Hail Tax Deferred Savings PlanThe Principal Select Savings Plan, Total assets ($B): 4.579548793 · Participants: 12841The Principal Select Savings PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 3.375271119 · Participants: 14728The Rsm US LLP Retirement PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 3.306182291 · Participants: 25072Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 3.1084169 · Participants: 55411The Hy-Vee and Affiliates 401(k) PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.720479704 · Participants: 8059Transamerica 401(k) Retirement Savings Plan
Farmers Mutual Hail Tax Deferred Savings Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Farmers Mutual Hail Tax Deferred Savings Plan side-by-side with 3 peers →

Farmers Mutual Hail Tax Deferred Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Gpd Group 401(k) Retirement Plan in OH ($172M); by covered participants it is The Foresight Mep 401(k) Plan in UT (590 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($172M here).

Similar participant headcount

Nearest other-state filings by covered participants (590 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 Farmers Mutual Hail Tax Deferred Savings Plan assets move in 2024? ▼
Farmers Mutual Hail Tax Deferred Savings Plan grew at a solid clip - up 11.7% during 2024, from $154M to $172M. Reported net income was $18M.
How have Farmers Mutual Hail Insurance Company of Iowa plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farmers Mutual Hail Insurance Company of Iowa's sponsor-wide assets grew 5.5%, from $163M to $172M.
Where does Farmers Mutual Hail Tax Deferred Savings Plan rank by assets among Form 5500 filers? ▼
Farmers Mutual Hail Tax Deferred Savings Plan ranks in the 94th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Farmers Mutual Hail Tax Deferred Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gpd Group 401(k) Retirement Plan in OH ($172M, 722 participants).
Which 401(k) plans cover a similar participant headcount to Farmers Mutual Hail Tax Deferred Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Foresight Mep 401(k) Plan in UT (590 participants, N/A 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 420245840.

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.