Farm Bureau Employees' 401(K) Plan — Form 5500 plan (Michigan Farm Bureau)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Farm Bureau Employees' 401(K) Plan is a benefit plan reported by Michigan Farm Bureau under EIN 38-1718391 and plan number 333. The latest loaded filing year is 2023. The filing reports 1,479 participants and $206,959,154 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$207MPlan net assets, end of year$206,959,154
Participants1.5KCovered participants reported1,479
Assets / participant$139.9KComputed: assets ÷ participants$139,932 (computed)
Provider compensation$149.6K1 Schedule C provider row(s)$149,571
- Plan sponsor
- Michigan Farm Bureau
- EIN
- 38-1718391
- Plan number
- 333
- Plan type
- 3
- Location
- Lansing, MI
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,479 | H, C | 20240624120758NAL0005984225001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$207M total assets
Net assets$207MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $206,959,154
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $206,959,154
- Net assets (BOY)
- $175,424,929
Income & contributions
- Employer contributions
- $5,437,471
- Participant contributions
- $8,880,802
- Total contributions
- $15,685,683
- Total income / additions
- $42,764,530
Expenses & distributions
- Benefits paid
- $11,072,218
- Administrative expenses
- $149,571
- Total expenses
- $11,230,305
- Net increase / (decrease)
- $31,534,225
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
38%62%
Employer 38%Participant 62%
Total expenses ÷ net assets5%Computed ratio
Benefits paid ÷ total income26%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $149,571 | $0 | 2023 |