401(k) · DOL Form 5500 · 2024

North Carolina Farm Bureau Mutual Insurance Company 401(k) Plan

Data updated 2026-08-11

$54M
Total assets
1,409
Participants
85th
Percentile by assets
$37,995
Avg per participant
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Official DOL plan name: Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance · Sponsored by North Carolina Farm Bureau Mutual Insurance Company · North Carolina · Finance & Insurance

$54M in assets, 1,409 participants

North Carolina Farm Bureau Mutual Insurance Company's Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance reported $54M in total assets and 1,409 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • 85th percentile by assets (of 123,622 plans)
  • #6,554 in Finance & Insurance (8,549 peers)

Where Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance sits by assets

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance sits in the top quartile of all filed plans by assets, $54M for 1,409 participants (~$37,995/participant), up 15.1% in 2024.

$54M
total plan assets (2024 EOY)
1,409
covered participants
85th
percentile by assets (of 123,622 plans)
$37,995
avg assets per participant

Where Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance sits by total assets

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance vs every filed plan by assets

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

$53,534,432 Top 15% higher than 85% 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

  • Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance end-of-year assets rose from $46M in the plan year 2023 filing to $54M in the plan year 2024 filing.
  • Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance reported participants rose from 1,289 in the plan year 2023 filing to 1,409 in the plan year 2024 filing.
  • Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance reported net income rose from $7M in the plan year 2023 filing to $7M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
North Carolina
Industry
Finance & Insurance

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance vs the 2024 asset distribution

By assets, Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance outranks 85% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.5x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$46M
Net Assets (End of Year)$54M
Net Income$7M
Employer EIN560586973
Plan Effective Date1998-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (North Carolina Farm Bureau Mutual Insurance Company)

$240M$260M$280M$300M 202220232024 $251M $289M ▲ +15.1%
Total plan assets by year, all North Carolina Farm Bureau Mutual Insurance Company plans on file
Year Plans Participants Total Assets
2022 2 2,437 $251M
2023 2 2,514 $271M
2024 2 2,735 $289M

Nearby 401(k) Plans in North Carolina

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

Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Employees' 401(k) Pl…, Total assets ($B): 0.053534432 · Participants: 1409Employees' 401(k) Pl…The Bank of America …, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America …Honeywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retireme…, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retireme…Nucor Corporation Pr…, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Pr…Truist Financial Cor…, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Cor…
Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Employees' 401(k) Plan of North Carolina… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

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

Frequently Asked Questions

How did Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance assets move in 2024? ▼
Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance grew sharply - up 15.1% during 2024, from $46M to $54M. Reported net income was $7M.
How have North Carolina Farm Bureau Mutual Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), North Carolina Farm Bureau Mutual Insurance Company's sponsor-wide assets grew 15.1%, from $251M to $289M.
Where does Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance rank by assets among Form 5500 filers? ▼
Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance ranks in the 85th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance? ▼
Among 401(k) plans in other states, the closest by assets is Hirtle, Callaghan & Co. LLC 401(k) Profit Sharing Plan in PA ($54M, 95 participants).

Next read for Employees' 401(k) Plan of North Carolina…

Scale reading

Ways to act on Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance's numbers.

  • By total assets, Employees' 401(k) Plan of North Carolina Farm Bureau Mutual Insurance ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
  • North Carolina Farm Bureau Mutual Insurance Company's sponsor-wide assets have grown 15.1% 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 560586973.

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.