Plan Ledger DOL Form 5500 · updated monthly

Farm Bureau Mutual Insurance Company of Idaho401(k)

FARM BUREAU MUTUAL INSURANCE COMPANY OF IDAHO VOLUNTARY EMPLOYEE SAVINGS PLAN · POCATELLO, ID · plan year 2024

Reported admin expense ratio · 2024
0.39%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Farm Bureau Mutual Insurance Company of Idaho reported $86,176 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,722 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.43% to 0.39%. 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 96th-largest of 349 plans among Idaho employers on file, and 2,778th of 4,798 in finance & insurance. In 2024, employees put in $3.32 for every $1.00 the employer contributed; active participation has shrunk from 288 to 253 since 2022.

Plan summary
Net assets, end of year$23,734,332
Participants with balances369
Active participants253
Employer contributions$435,790
Employee contributions$1,448,973
Employer contribution per active participant$1,722
Average account balance$64,321
Benefits paid to participants$2,135,281
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 369 accts · $436K emplr
2023$20.7M · 459 accts · $460K emplr
2022$18.0M · 471 accts · $346K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,932
Investment management$15,244
Total administrative$86,176
The Farm Bureau Mutual Insurance Company of Idaho 401(k) match · 2024
Employer contribution per active participant$1,722
Median for plans this size$2,416
2024$1,722 per active participant
2023$1,819 per active participant
2022$1,201 per active participant

Farm Bureau Mutual Insurance Company of Idaho's 2024 employer contribution ran below the $2,416 median for plans its size. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$70,932
USI ADVISORS INC · Investment advisory (plan)$14,884
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$86,176 · 0.39%
2023$87,359 · 0.45%
2022$84,016 · 0.43%
Same employer
Similar plansFinance & Insurance · Idaho
Title Financial Corporation ID$32.6M · 0.32%
The Bank of Commerce ID$24.9M · 0.13%
Westmark Credit Union ID$20.3M · 0.47%
Alscott Inc ID$18.4M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820189910 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.