Plan Ledger DOL Form 5500 · updated monthly

Indiana Farmers Mutual Insurance Company401(k)

INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST · INDIANAPOLIS, IN · plan year 2024

Employer contribution per participant · 2024
$9,870

Indiana Farmers Mutual Insurance Company'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 $54,268,482 across 274 participant accounts, with employer contributions averaging $9,870 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.006% to 0.005%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 264th-largest of 1,562 plans among Indiana employers on file, and the 1,564th of 4,798 in finance & insurance. In 2024, the employer put in $1.37 for every $1.00 employees contributed themselves; active participation has grown from 200 to 226 since 2022.

Plan summary
Net assets, end of year$54,268,482
Participants with balances274
Active participants226
Employer contributions$2,230,649
Employee contributions$1,623,641
Employer contribution per active participant$9,870
Average account balance$198,060
Benefits paid to participants$3,998,874
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$54.3M · 274 accts · $2.2M emplr
2023$46.4M · 253 accts · $2.0M emplr
2022$38.9M · 251 accts · $1.8M emplr
The Indiana Farmers Mutual Insurance Company 401(k) match · 2024
Employer contribution per active participant$9,870
Median for plans this size$3,635
2024$9,870 per active participant
2023$9,527 per active participant
2022$8,990 per active participant

Indiana Farmers Mutual Insurance Company's 2024 employer contribution ran above the $3,635 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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$2,335 · 0.01%
2022$2,770 · 0.01%
Same employer
Similar plansFinance & Insurance · Indiana
First Financial Corporation IN$59.6M · 0.07%
Star Financial Group, Inc. IN$58.8M · 0.03%
Shepherd Insurance, LLC IN$55.7M · 0.30%
Pedcor Management Corp. IN$49.8M · 0.33%
Gregory & Appel Inc. IN$49.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350409130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.