Defined Benefit (Pension) · DOL Form 5500 · 2024

Alfa Mutual Insurance Company Pension Plan

Data updated 2026-07-24

$460M
Total assets: 871
Participants: 97th
Percentile by assets: $528,378
Avg per participant

Official DOL plan name: Alabama Farmers Federation and Affiliated Companies Retirement Plan · Sponsored by Alfa Mutual Insurance Company · Alabama · Finance & Insurance

$460M in assets, 871 participants

Alfa Mutual Insurance Company's Alabama Farmers Federation and Affiliated Companies Retirement Plan reported $460M in total assets and 871 participants in its 2024 DOL Form 5500 filing, ranking in the 97th 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.

97th percentile by assets (of 116,472 plans)

Coverage in Alabama

Alabama Farmers Federation and Affiliated Companies Retirement Plan covers 871 participants in Alabama, 2.4x the typical Alabama plan (state average ~369 per filing). Assets: $460M.

$460M
total plan assets (2024 EOY): 871
covered participants: 97th
percentile by assets (of 116,472 plans): $528,378
avg assets per participant

Alabama Farmers Federation and Affiliated Companies Retirement Plan end-of-year assets rose from $429M in the plan year 2023 filing to $460M in the plan year 2024 filing.
Alabama Farmers Federation and Affiliated Companies Retirement Plan reported participants fell from 929 in the plan year 2023 filing to 871 in the plan year 2024 filing.
Alabama Farmers Federation and Affiliated Companies Retirement Plan reported net income fell from $32M in the plan year 2023 filing to $31M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Alabama

Industry

Finance & Insurance

Participants vs Alabama filers

In Alabama, the average filing covers about 369 participants across 1,507 plans. Alabama Farmers Federation and Affiliated Companies Retirement Plan reports 871 participants - 2.4x that state average ($460M EOY assets).

Alabama filing particulars

Total Assets (Beginning of Year)	$429M
Net Assets (End of Year)	$460M
Net Income	$31M
Employer EIN	630262164
Plan Effective Date	1976-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Alfa Mutual Insurance Company)

Total plan assets by year, all Alfa Mutual Insurance Company plans on file

Year	Plans	Participants	Total Assets
2022	2	3,262	$610M
2023	2	3,248	$671M
2024	2	3,240	$732M

Nearby Defined Benefit (Pension) Plans in Alabama

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Alabama Farmers Federation and Affiliated Companies Retirement Plan vs. nearby Defined Benefit (Pension) plans in Alabama, assets vs. participants

Regions Financial Corporation Retirement Plan $1.2B · 282
Blue Cross and Blue Shield of Alabama Retirement Plan $712M · 1,955
Regions Financial Corporation Retirement Plan for Associates $708M · 2,240
Retail, Wholesale & Department Store International Union and Industry Pension Fund $619M · 1,556
Vulcan Materials Company Pension Plan $471M · 740

Compare Alabama Farmers Federation and Affiliate… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Alabama Farmers Federation and Affiliated Companies Retirement Plan by total assets, not by location.

Steamfitters Industry Pension Fund (NY) $461M · 1,981
Moody's Corporation Retirement Account (NY) $460M · 546
Painters District Council No. 30 Pension Fund (IL) $461M · 959
Merrimack Mutual Fire Insurance Company Retirement Plan (MA) $459M · 283

Frequently Asked Questions

How did Alabama Farmers Federation and Affiliated Companies Retirement Plan assets move in 2024? ▼

Alabama Farmers Federation and Affiliated Companies Retirement Plan grew at a solid clip - up 7.2% during 2024, from $429M to $460M. Reported net income was $31M.

How have Alfa Mutual Insurance Company plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Alfa Mutual Insurance Company's sponsor-wide assets grew 20.0%, from $610M to $732M.

Where does Alabama Farmers Federation and Affiliated Companies Retirement Plan rank by assets among Form 5500 filers? ▼

Alabama Farmers Federation and Affiliated Companies Retirement Plan ranks in the 97th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).

Which Defined Benefit (Pension) plans are similar in size to Alabama Farmers Federation and Affiliated Companies Retirement Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Steamfitters Industry Pension Fund in NY ($461M, 1,981 participants).

Next read for Alabama Farmers Federation and Affiliate…

Filing takeaways

Ways to act on Alabama Farmers Federation and Affiliated Companies Retirement Plan's numbers.

By total assets, Alabama Farmers Federation and Affiliated Companies Retirement 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 Alabama. Compare plans
Alfa Mutual Insurance Company's sponsor-wide assets have grown 20.0% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 630262164.

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.