Retirement plan

FARMERS MUTUAL HAIL TAX DEFERRED SAVINGS PLAN

Name: FARMERS MUTUAL HAIL INSURANCE COMPANY OF IOWA - FARMERS MUTUAL HAIL TAX DEFERRED SAVINGS PLAN (2016) Form 5500
Creator: FARMERS MUTUAL HAIL INSURANCE COMPANY OF IOWA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FARMERS MUTUAL HAIL TAX DEFERRED SAVINGS PLAN, FARMERS MUTUAL HAIL INSURANCE COMPANY OF IOWA

FARMERS MUTUAL HAIL INSURANCE COMPANY OF IOWAEIN 42-0245840Plan #002PY 2016

6785 WESTOWN PKWY - WEST DES MOINES, IA 502667727515-282-9104fmh.comLinkedIn501-1000 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$35.6M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed June 11, 2024 (most recent of 4 filings on file)

Plan administrator

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6785 Westown Pkwy

West Des Moines, IA 50266

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Plans declared (1)

Global Ag2 emp

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Total assets (EOY)

$60.8M

+17.5% from 2015

Total participants

623

-4.2% from 2015

Average account balance

$97,606

+22.0% from 2015

Annual return

10.22%

-0.24 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$172.17M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$250K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

690

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.18%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$378

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC2+ years Service code 27 · EIN 26-0058143	Advisory (Plan)	$78,918
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$13,838
EIDE BAILLY LLP1 year Filed as: EIDEBAILLY Service code 10 · EIN 45-0250958	Accounting	$6,625

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$8K

$15 / participant

Contract admin$8K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,606

$71,802+35.9%

$133,975-27.1%

$57,658+69.3%

Participation rate

100.0%

85.5%+14.5pp

87.1%+12.9pp

70.2%+29.8pp

Annual return

10.22%

13.51%-3.3pp

29.29%-19.1pp

5.13%+5.1pp

Employer contribution / active EE

$8,086

$3,161+155.8%

$5,211+55.2%

$1,974+309.7%

Participant deferral / active EE

$5,515

$4,606+19.7%

$6,282-12.2%

$3,061+80.2%

Admin fee / account holder

$13

$88-85.6%

$9,324-99.9%

$95-86.7%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC2+ years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$78,918

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$13,838

EIDE BAILLY LLP1 year

Filed as: EIDEBAILLY

Service code 10 · EIN 45-0250958

Accounting

$6,625

FARMERS MUTUAL HAIL TAX DEFERRED SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARMERS MUTUAL HAIL TAX DEFERRED SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion