Defined Benefit (Pension) · DOL Form 5500 · 2024

Michigan Farm Bureau Pension Plan

Data updated 2026-08-25

$292M
Total assets Near avg plan size
229
Participants Below avg headcount
96th
Percentile by assets National rank
$1.3M
Avg per participant High balance/head
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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.

  • #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.

#1,204
in Agriculture, Forestry & Fishing (1,217 peers)
+6.4%
assets growth YoY
2.9×
vs typical plan assets (national mean)

Farm Bureau Employees' Retirement Plan's outsized position by total assets

Farm Bureau Employees' Retirement Plan vs every filed plan by assets

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

$292,218,552 Top 4% higher than 96% of 123,620 filed plans

This plan $0 $2,050,000,000 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

Farm Bureau Employees' Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farm Bureau Employees' Retirement Plan sits mid-pack in the medium band (229 participants).

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 381718391 · Michigan Farm Bureau PY 2024 · Defined Benefit (Pension)

Farm Bureau Employees' Retirement Plan · $292M · 229 · 96th

  • EOY $292M
  • EOY 229
  • EOY 96th
  • EOY Defined Benefit (Pension)
  • EOY near Seneca Foods Corporation Employees' Pension Benefit Plan
  • EOY ind #1204

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Agriculture, Forestry & Fishing retirement plans → · Plans in Michigan →

Farm Bureau Employees' Retirement Plan in the asset neighbourhood

Retirement Plan for Bargaining Unit and Non-Bargaining Unit Employees of Northwest Natural Gas CompanyRetirement Plan for Bargaini…$294MCompensation at Retirement PlanCompensation at Retirement P…$293MSeneca Foods Corporation Employees' Pension Benefit PlanSeneca Foods Corporation Emp…$293MFarm Bureau Employees' Retirement PlanFarm Bureau Employees' Retir…$292MNissan Employee Retirement Plan BNissan Employee Retirement P…$291M
End-of-year total assets ($M) among Farm Bureau Employees' Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Michigan filing particulars

Total Assets (Beginning of Year)$275M
Net Assets (End of Year)$292M
Net Income$18M
Employer EIN381718391
Plan Effective Date1957-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Michigan Farm Bureau)

Sponsor-wide plan assets over time

All Michigan Farm Bureau plans reported in each filing year

Latest sponsor-wide plan assets
$523M 16.74658971166747% vs 2022
2024 filing year
$400M$450M$500M$550M 202220232024 $448M $523M ▲ +16.7%
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 Scatter plot of 6 data points. -100000100002000030000 -1001020304050 Total assets ($B) Participants Farm Bureau Employees' Retirement Plan, Total assets ($B): 0.292218552 · Participants: 229Farm Bureau Employees' Retirement PlanGeneral Motors Hourly-Rate Employees Pension Plan, Total assets ($B): 42.453822995 · Participants: 15648General Motors Hourly-Rate Employees Pension PlanFord Motor Company UAW Retirement Plan, Total assets ($B): 17.842898898 · Participants: 25742Ford Motor Company UAW Retirement PlanFord Motor Company General Retirement Plan, Total assets ($B): 12.116125366 · Participants: 8585Ford Motor Company General Retirement PlanDow Employees' Pension Plan, Total assets ($B): 10.930410978 · Participants: 6888Dow Employees' Pension PlanFca US LLC UAW Pension Agreement, Total assets ($B): 10.255300049 · Participants: 12752Fca US LLC UAW Pension Agreement
Farm Bureau Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in Michigan, assets vs. participants
Compare Farm Bureau Employees' Retirement Plan side-by-side with 3 peers →

Farm Bureau Employees' Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Michigan, the nearest Defined Benefit (Pension) by assets is Seneca Foods Corporation Employees' Pension Benefit Plan in NY ($293M); by covered participants it is Hollingsworth & Vose Company Retirement Plan in MA (229 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (229 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Farm Bureau Employees' Retirement Plan assets move in 2024? ▼
Farm Bureau Employees' Retirement Plan grew at a solid clip - up 6.4% during 2024, from $275M to $292M. Reported net income was $18M.
How have Michigan Farm Bureau plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Michigan Farm Bureau's sponsor-wide assets grew 16.7%, from $448M to $523M.
Where does Farm Bureau Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Farm Bureau Employees' Retirement Plan ranks in the 96th percentile by end-of-year assets among 123,622 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 Farm Bureau Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Seneca Foods Corporation Employees' Pension Benefit Plan in NY ($293M, 1,808 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Farm Bureau Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Hollingsworth & Vose Company Retirement Plan in MA (229 participants, $70M in assets).

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 381718391.

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.