Plan Ledger DOL Form 5500 · updated monthly

American Farm Bureau Insurance Services Inc.DC plan

AMERICAN FARM BUREAU INSURANCE SERVICES INC. EMPLOYEES' RETIREMENT PLAN · SCHAUMBURG, IL · plan year 2024

Employer contribution per participant · 2024
$9,259

American Farm Bureau Insurance Services Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $17,259,657 across — participant accounts, with employer contributions averaging $9,259 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,848th-largest of 3,702 plans among Illinois employers on file, and 3,282nd of 4,798 in finance & insurance. active participation has grown from 89 to 108 since 2022.

Plan summary
Net assets, end of year$17,259,657
Participants with balances—
Active participants108
Employer contributions$1,000,000
Employee contributions—
Employer contribution per active participant$9,259
Average account balance—
Benefits paid to participants$2,726,710
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · $1.0M emplr
2023$17.1M · $1.1M emplr
2022$15.3M · $2.6M emplr
Employer contributions to the American Farm Bureau Insurance Services Inc. plan · 2024
Employer contribution per active participant$9,259
Median for plans this size$2,416
2024$9,259 per active participant
2023$10,280 per active participant
2022$29,213 per active participant

American Farm Bureau Insurance Services Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
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Source: U.S. Department of Labor, Form 5500 series, EIN 364031582 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.