Plan Ledger DOL Form 5500 · updated monthly

Missouri Farm Bureau Insurance Brokerage, Inc.401(k)

MISSOURI FARM BUREAU INSURANCE BROKERAGE AGENTS' RETIREMENT PLAN AND TRUST · JEFFERSON CITY, MO · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Missouri Farm Bureau Insurance Brokerage, Inc. reported $121,035 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $6,287 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 rose from 0.38% to 0.41%. 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 448th-largest of 1,393 plans among Missouri employers on file, and the 2,381st of 4,798 in finance & insurance. In 2024, employees put in $1.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$30,839,844
Participants with balances154
Active participants114
Employer contributions$716,762
Employee contributions$797,916
Employer contribution per active participant$6,287
Average account balance$200,259
Benefits paid to participants$2,369,183
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS KEEPERS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$30.8M · 154 accts · $717K emplr
2023$27.9M · 171 accts · $605K emplr
2022$25.9M · 177 accts · $630K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,223
Investment management$94,812
Total administrative$121,035
The Missouri Farm Bureau Insurance Brokerage, Inc. 401(k) match · 2024
Employer contribution per active participant$6,287
Median for plans this size$2,416
2024$6,287 per active participant
2023$4,804 per active participant
2022$5,078 per active participant

Missouri Farm Bureau Insurance Brokerage, 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.

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 · 20242
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$26,223
SUNDVOLD FINANCIAL · Consulting · Investment advisory (participants)$94,812

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$121,035 · 0.41%
2023$105,231 · 0.39%
2022$105,796 · 0.38%
Similar plansFinance & Insurance · Missouri
Midwest Bancorporation, Inc MO$35.3M · 0.27%
Plancorp, Inc. MO$31.6M · 0.03%
Citizens Bank & Trust MO$31.4M · 0.00%
Gershman Investment Corp. MO$31.1M · 0.43%
Spring Venture Group, LLC MO$28.4M · 0.33%
Lincoln County Bancorp, Inc MO$27.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431273795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.