Defined Benefit (Pension) · DOL Form 5500 · 2024
United Fire & Casualty Co Pension Plan
Data updated 2026-08-11
- $241M
- Total assets
- 636
- Participants
- 95th
- Percentile by assets
- $379,216
- Avg per participant
Official DOL plan name: United Pension Plan · Sponsored by United Fire & Casualty Co · Iowa · Finance & Insurance
$241M in assets, 636 participants
United Fire & Casualty Co's United Pension Plan reported $241M in total assets and 636 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)
- #7,858 in Finance & Insurance (8,549 peers)
Where United Pension Plan sits by assets
United Pension Plan sits in the top 5% of all filed plans by assets, $241M for 636 participants (~$379,216/participant), down 8.6% in 2024.
- $241M
- total plan assets (2024 EOY)
- 636
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $379,216
- avg assets per participant
The plan reported a net loss of $23M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- United Pension Plan reported net income fell from $34M in the plan year 2023 filing to -$23M in the plan year 2024 filing.
- United Pension Plan reported participants fell from 723 in the plan year 2023 filing to 636 in the plan year 2024 filing.
- United Pension Plan end-of-year assets fell from $264M in the plan year 2023 filing to $241M in the plan year 2024 filing.
United Pension Plan vs the 2024 asset distribution
By assets, United Pension Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $264M |
|---|---|
| Net Assets (End of Year) | $241M |
| Net Income | -$23M |
| Employer EIN | 420644327 |
| Plan Effective Date | 1966-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (United Fire & Casualty Co)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,912 | $372M |
| 2023 | 2 | 1,819 | $415M |
| 2024 | 2 | 1,490 | $391M |
Nearby Defined Benefit (Pension) Plans in Iowa
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
United Pension Plan vs. nearby Defined Benefit (Pension) plans in Iowa, assets vs. participants
- Transamerica Pension Plan $2.2B · 7,170
- Principal Cash Balance Plan $1.5B · 11,945
- Midamerican Energy Company Retirement Plan $521M · 2,805
- Employers Mutual Casualty Company Retirement Plan $362M · 1,908
- Pension Plan of the Plumbers and Steamfitters Local Union No. 33 Retirement Trust $331M · 1,233
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to United Pension Plan by total assets, not by location.
- Retirement Plan of Marathon Oil Company (TX) $241M · 1,273
- Alaska Airlines, Inc., Retirement Plan for Clerical Office & Psgr Service Employees (WA) $241M · 757
- Nevada Resort Association Iatse Local 720 Retirement Plan (NV) $242M · 4,388
- Massachusetts Teachers Association Retirement Plan (MA) $242M · 153
Frequently Asked Questions
How did United Pension Plan assets move in 2024? ▼
How have United Fire & Casualty Co plan assets changed over time? ▼
Where does United Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to United Pension Plan? ▼
Next read for United Pension Plan
Scale reading
Ways to act on United Pension Plan's numbers.
- By total assets, United Pension 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 Iowa. Compare plans
- United Fire & Casualty Co's sponsor-wide assets have grown 5.3% since 2022 across 3 plan years on file. More Finance & Insurance plans