Farmers Mutual Hail Insurance Company of Iowa 401(k) match, vesting and fees
What Farmers Mutual Hail Insurance Company of Iowa's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 655 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Farmers Mutual Hail Insurance Company of Iowa: employer contribution per participant | $8,573 | |
| Peer median | $2,935 |
| Farmers Mutual Hail Insurance Company of Iowa: average balance | $249,516 | |
| Peer median | $92,770 |
| Farmers Mutual Hail Insurance Company of Iowa: admin expenses ÷ assets | 0.16% | |
| Peer median | 0.15% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $140M at the end of plan year 2021 to $172M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 707 | $172M | $5.9M | $8,573 | 0.16% | Not published | Form 5500 ↗ |
| 2023 | 700 | $154M | $5.5M | $7,879 | 0.17% | Not published | Form 5500 ↗ |
| 2022 | 684 | $121M | $5.3M | $7,761 | 0.14% | Not published | Form 5500 ↗ |
| 2021 | 668 | $140M | $4.9M | $7,368 | 0.25% | Not published | Form 5500 ↗ |
Other Farmers Mutual Hail Insurance Company of Iowa plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Farmers Mutual Hail Insurance Company of Iowa Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Eide Bailly LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Farmers Mutual Hail Insurance Company of Iowa match 401(k) contributions?
The match terms for the Farmers Mutual Hail Tax Deferred Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $5.9M in employer contributions, about $8,573 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Farmers Mutual Hail Insurance Company of Iowa 401(k) match vested?
The vesting schedule for the Farmers Mutual Hail Tax Deferred Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Farmers Mutual Hail Insurance Company of Iowa 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Farmers Mutual Hail Insurance Company of Iowa.
I left Farmers Mutual Hail Insurance Company of Iowa. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Farmers Mutual Hail Insurance Company of Iowa, (515) 282-9104) or the recordkeeper, Principal Life Insurance Company. The Farmers Mutual Hail Insurance Company of Iowa old 401(k) page lists the contacts from every plan filing. Find an old Farmers Mutual Hail Insurance Company of Iowa 401(k)
Data from the public Form 5500 annual reports Farmers Mutual Hail Insurance Company of Iowa filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Farmers Mutual Hail Insurance Company of Iowa. Not financial advice. Report a correction · Methodology