Defined Benefit (Pension) · DOL Form 5500 · 2024
Michigan Farm Bureau Pension Plan
Data updated 2026-08-11
- $292M
- Total assets
- 229
- Participants
- 96th
- Percentile by assets
- $1.3M
- Avg per participant
Official DOL plan name: Farm Bureau Employees' Retirement Plan · Sponsored by Michigan Farm Bureau · Michigan · Agriculture, Forestry & Fishing
$292M in assets, 229 participants
Michigan Farm Bureau's Farm Bureau Employees' Retirement Plan reported $292M in total assets and 229 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 123,622 plans)
- #1,204 in Agriculture, Forestry & Fishing (1,217 peers)
Coverage in Michigan
Farm Bureau Employees' Retirement Plan covers 229 participants in Michigan, about 36% of the average Michigan filer (state average ~638 per filing). Assets: $292M.
- $292M
- total plan assets (2024 EOY)
- 229
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $1.3M
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Farm Bureau Employees' Retirement Plan reported net income rose from $2M in the plan year 2023 filing to $18M in the plan year 2024 filing.
- Farm Bureau Employees' Retirement Plan reported participants fell from 250 in the plan year 2023 filing to 229 in the plan year 2024 filing.
- Farm Bureau Employees' Retirement Plan end-of-year assets rose from $275M in the plan year 2023 filing to $292M in the plan year 2024 filing.
Participants vs Michigan filers
In Michigan, the average filing covers about 638 participants across 4,220 plans. Farm Bureau Employees' Retirement Plan reports 229 participants - about 36% of that state average ($292M EOY assets).
Michigan filing particulars
| Total Assets (Beginning of Year) | $275M |
|---|---|
| Net Assets (End of Year) | $292M |
| Net Income | $18M |
| Employer EIN | 381718391 |
| Plan Effective Date | 1957-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Michigan Farm Bureau)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,443 | $448M |
| 2023 | 2 | 1,431 | $482M |
| 2024 | 2 | 1,420 | $523M |
Nearby Defined Benefit (Pension) Plans in Michigan
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Farm Bureau Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
- General Motors Hourly-Rate Employees Pension Plan $42.5B · 15,648
- Ford Motor Company UAW Retirement Plan $17.8B · 25,742
- Ford Motor Company General Retirement Plan $12.1B · 8,585
- Dow Employees' Pension Plan $10.9B · 6,888
- Fca US LLC UAW Pension Agreement $10.3B · 12,752
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Farm Bureau Employees' Retirement Plan by total assets, not by location.
Frequently Asked Questions
How did Farm Bureau Employees' Retirement Plan assets move in 2024? ▼
How have Michigan Farm Bureau plan assets changed over time? ▼
Where does Farm Bureau Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Farm Bureau Employees' Retirement Plan? ▼
Next read for Farm Bureau Employees' Retirement Plan
Filing takeaways
Ways to act on Farm Bureau Employees' Retirement Plan's numbers.
- By total assets, Farm Bureau Employees' 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 Michigan. Compare plans
- Michigan Farm Bureau's sponsor-wide assets have grown 16.7% since 2022 across 3 plan years on file. More Agriculture, Forestry & Fishing plans