Defined Benefit (Pension) · DOL Form 5500 · 2024
Southern Farm Bureau Life Insurance Company Pension Plan
Data updated 2026-08-11
- $222M
- Total assets
- 628
- Participants
- 95th
- Percentile by assets
- $354,036
- Avg per participant
Official DOL plan name: Southern Farm Bureau Life Insurance Company Retirement Plan · Sponsored by Southern Farm Bureau Life Insurance Company · Mississippi · Finance & Insurance
$222M in assets, 628 participants
Southern Farm Bureau Life Insurance Company's Southern Farm Bureau Life Insurance Company Retirement Plan reported $222M in total assets and 628 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)
- #7,815 in Finance & Insurance (8,549 peers)
Where Southern Farm Bureau Life Insurance Company Retirement Plan sits by assets
Southern Farm Bureau Life Insurance Company Retirement Plan sits in the top 5% of all filed plans by assets, $222M for 628 participants (~$354,036/participant), down 3.3% in 2024.
- $222M
- total plan assets (2024 EOY)
- 628
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $354,036
- avg assets per participant
The plan reported a net loss of $9M 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
- Southern Farm Bureau Life Insurance Company Retirement Plan reported net income rose from -$16M in the plan year 2023 filing to -$9M in the plan year 2024 filing.
- Southern Farm Bureau Life Insurance Company Retirement Plan reported participants rose from 607 in the plan year 2023 filing to 628 in the plan year 2024 filing.
- Southern Farm Bureau Life Insurance Company Retirement Plan end-of-year assets fell from $230M in the plan year 2023 filing to $222M in the plan year 2024 filing.
Southern Farm Bureau Life Insurance Company Retirement Plan vs the 2024 asset distribution
By assets, Southern Farm Bureau Life Insurance Company Retirement Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.2x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $230M |
|---|---|
| Net Assets (End of Year) | $221M |
| Net Income | -$9M |
| Employer EIN | 640283583 |
| Plan Effective Date | 1949-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Southern Farm Bureau Life Insurance Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 593 | $247M |
| 2023 | 1 | 607 | $230M |
| 2024 | 1 | 628 | $222M |
Nearby Defined Benefit (Pension) Plans in Mississippi
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Southern Farm Bureau Life Insurance Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in Mississippi, assets vs. participants
- Hancock Whitney Corporation Pension Plan $735M · 1,627
- Sfb Casualty Ins Co Retirement Plan $446M · 1,529
- Cadence Retirement Plan and Trust Agreement $341M · 5,242
- Pension Plan for Employees of Central Service Association $187M · 473
- Modine Manufacturing Company Frozen Pension Plan $150M · 787
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Southern Farm Bureau Life Insurance Company Retirement Plan by total assets, not by location.
- Hunt Consolidated, Inc. Fidelity Pension Plan (TX) $222M · 236
- Pension Plan for Non-Bargaining Unit Employees of Kyocera International, Inc. & Participating Companies (CA) $222M · 1,023
- Retirement Income Plan for Hourly-Rated Employees of Asarco LLC (AZ) $223M · 298
- Retirement Plan for Employees of Texas Scottish Rite Hospital for Children (TX) $222M · 153
Frequently Asked Questions
How did Southern Farm Bureau Life Insurance Company Retirement Plan assets move in 2024? ▼
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Ways to act on Southern Farm Bureau Life Insurance Company Retirement Plan's numbers.
- By total assets, Southern Farm Bureau Life Insurance Company 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 Mississippi. Compare plans
- Southern Farm Bureau Life Insurance Company's sponsor-wide assets have declined 10.1% since 2022 across 3 plan years on file. More Finance & Insurance plans