Defined Benefit (Pension) · DOL Form 5500 · 2024
Nc Farm Bureau Mutual Insurance Company Pension Plan
Data updated 2026-08-11
- $235M
- Total assets
- 1,326
- Participants
- 95th
- Percentile by assets
- $177,286
- Avg per participant
Official DOL plan name: Nc Farm Bureau Mutual Insurance Company Retirement Plan · Sponsored by Nc Farm Bureau Mutual Insurance Company · North Carolina · Finance & Insurance
$235M in assets, 1,326 participants
Nc Farm Bureau Mutual Insurance Company's Nc Farm Bureau Mutual Insurance Company Retirement Plan reported $235M in total assets and 1,326 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)
- #7,848 in Finance & Insurance (8,549 peers)
Where Nc Farm Bureau Mutual Insurance Company Retirement Plan sits by assets
Nc Farm Bureau Mutual Insurance Company Retirement Plan sits in the top 5% of all filed plans by assets, $235M for 1,326 participants (~$177,286/participant), up 4.9% in 2024.
- $235M
- total plan assets (2024 EOY)
- 1,326
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $177,286
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Nc Farm Bureau Mutual Insurance Company Retirement Plan reported net income fell from $13M in the plan year 2023 filing to $11M in the plan year 2024 filing.
- Nc Farm Bureau Mutual Insurance Company Retirement Plan reported participants rose from 1,225 in the plan year 2023 filing to 1,326 in the plan year 2024 filing.
- Nc Farm Bureau Mutual Insurance Company Retirement Plan end-of-year assets rose from $224M in the plan year 2023 filing to $235M in the plan year 2024 filing.
Nc Farm Bureau Mutual Insurance Company Retirement Plan vs the 2024 asset distribution
By assets, Nc Farm Bureau Mutual Insurance Company Retirement Plan outranks 95% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 2.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $224M |
|---|---|
| Net Assets (End of Year) | $235M |
| Net Income | $11M |
| Employer EIN | 560586973 |
| Plan Effective Date | 1957-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Nc Farm Bureau Mutual Insurance Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 2,437 | $251M |
| 2023 | 2 | 2,514 | $271M |
| 2024 | 2 | 2,735 | $289M |
Nearby Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Nc Farm Bureau Mutual Insurance Company Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
- Honeywell Retirement Earnings Plan $16.6B · 9,923
- Truist Financial Corporation Pension Plan $14.7B · 38,548
- Duke Energy Retirement Cash Balance Plan $4.7B · 13,576
- Employees' Retirement Plan of Duke University $2.8B · 22,655
- The Hearst Corporation Retirement Plan $2.4B · 1,745
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Nc Farm Bureau Mutual Insurance Company Retirement Plan by total assets, not by location.
- Mayer Brown LLP U.S.a. Cash Balance Pension Plan (IL) $235M · 298
- Non-Contributory Retirement Program for Certain Employees of Wellmark, Inc. (IA) $235M · 1,486
- Leidos Biomedical Research, Inc. Retirement Plan (MD) $235M · 476
- Mcasf Local 725 Pension Plan (FL) $235M · 982
Frequently Asked Questions
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Ways to act on Nc Farm Bureau Mutual Insurance Company Retirement Plan's numbers.
- By total assets, Nc Farm Bureau Mutual 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 North Carolina. Compare plans
- Nc 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