Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Iowa Farm Bureau Federation
Iowa Farm Bureau Federation 401(k)
- Other services
- West Des Moines, IA
- EIN 42-0331840
- 1 plan with Schedule H financials
- Plan year 2024
- Iowa Farm Bureau Federation and Affiliated Companies
- SEC registrant Iowa Farm Bureau Federation
Administrative expenses excluding investment management, per participant · Farm Bureau 401(k) Savings Plan · plan year 2024
$144.37
Higher than 89% of the 2,324 plans $250M to 1B that report it.
Source
= $413,318 / 2,863
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002090535NAL0000215953001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002090535NAL0000215953001, received 2025-10-02
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-02.
Cost and contributions
Administrative expenses per participant
$180.56
Higher than 87% of the 2,405 plans $250M to 1B that report it.
Source
= $516,943 / 2,863
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002090535NAL0000215953001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002090535NAL0000215953001, received 2025-10-02
Administrative expenses as a share of assets
0.104%
Higher than 68% of the 2,407 plans $250M to 1B that report it.
Source
= $516,943 / $497,529,759
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002090535NAL0000215953001, received 2025-10-02
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002090535NAL0000215953001, received 2025-10-02
Employer contributions per participant
$5,788
Higher than 79% of the 2,457 plans $250M to 1B that report it.
Source
= $16,571,452 / 2,863
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002090535NAL0000215953001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002090535NAL0000215953001, received 2025-10-02
Employer share of total contributions
42.2%
Higher than 80% of the 2,459 plans $250M to 1B that report it.
Source
= $16,571,452 / $39,262,526
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002090535NAL0000215953001, received 2025-10-02
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002090535NAL0000215953001, received 2025-10-02
Plan terms, as stated in Iowa Farm Bureau Federation and Affiliated Companies's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251002090535NAL0000215953001, received 2025-10-02
Full record, Farm Bureau 401(k) Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | IOWA FARM BUREAU FEDERATION AND AFFILIATED COMPANIES | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Plan name | FARM BUREAU 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Sponsor EIN / plan number | 42-0331840 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Plan type | multiple-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Sponsor location | WEST DES MOINES, IA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Industry (business code) | 813000, Other services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Filing received | 2025-10-02 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Participants, beginning of year | 2,984 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Active participants | 2,229 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Participants, end of year | 2,934 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Participants with an account balance | 2,863 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Total assets, beginning of year | $440,554,416 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Total assets, end of year | $497,529,759 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Net assets, end of year | $497,529,759 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Total income | $98,222,008 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Net income | $56,975,343 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Employer contributions | $16,571,452 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Participant contributions | $19,228,427 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Other contributions (incl. rollovers) | $3,462,647 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Total contributions | $39,262,526 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Benefit payments | $40,729,722 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Total expenses (incl. benefit payments) | $41,246,665 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Total administrative expenses | $516,943 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Contract administrator fees | $358,794 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| IQPA audit fees | $27,500 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Investment advisory and management fees | $103,625 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Administrative expenses excluding investment management | $413,318 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Held in common/collective trusts | $368,422,116 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Held in mutual funds | $81,725,497 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251002090535NAL0000215953001, received 2025-10-02 |
| Independent auditor | LUTZ AND COMPANY P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251002090535NAL0000215953001, received 2025-10-02 |
Position = column in the DOL layout for form year 2024. Filing 20251002090535NAL0000215953001, received 2025-10-02.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 38 Participant communication; 50 Direct payment from the plan; 64 Recordkeeping fees; 99 Other fees | $355,963 | yes |
| CAPFINANCIAL PARTNERS LLC | INVESTMENT ADVISORY | 27 Investment advisory (plan); 50 Direct payment from the plan; 99 Other fees | $103,625 | no |
| LUTZ & COMPANY, PC | ACCOUNTANT | 10 Accounting (including auditing); 50 Direct payment from the plan; 99 Other fees | $27,500 | no |
| KUTAK ROCK LLP | LEGAL | 29 Legal; 50 Direct payment from the plan; 99 Other fees | $26,811 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251002090535NAL0000215953001, received 2025-10-02.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $440,554,416 | $497,529,759 | 12.9% |
| Participants with a balance | 2,842 | 2,863 | 0.7% |
| Administrative expenses | $402,688 | $516,943 | 28.4% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $14,951,090 | $16,571,452 | 10.8% |
Prior filing 20241011110545NAL0036738464001, received 2024-10-11; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: IOWA FARM BUREAU FEDERATION AND AFFILIATED COMPANIES; SEC registrant: IOWA FARM BUREAU FEDERATION (CIK 1033753, matched by EIN).