Plan Ledger DOL Form 5500 · updated monthly

Mountain West Farm Bureau Mutual Insurance Company401(k)

MOUNTAIN WEST FARM BUREAU VOLUNTARY EMPLOYEE SAVINGS PLAN · LARAMIE, WY · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Mountain West Farm Bureau Mutual Insurance Company reported $66,931 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $3,007 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 0.33% to 0.31%. 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 21st-largest of 81 plans among Wyoming employers on file, and 2,866th of 4,798 in finance & insurance. In 2024, employees put in $1.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,582,482
Participants with balances283
Active participants223
Employer contributions$670,588
Employee contributions$1,008,511
Employer contribution per active participant$3,007
Average account balance$79,797
Benefits paid to participants$2,673,806
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.6M · 283 accts · $671K emplr
2023$20.4M · 289 accts · $549K emplr
2022$16.7M · 269 accts · $529K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,560
Investment management$4,371
Total administrative$66,931
The Mountain West Farm Bureau Mutual Insurance Company 401(k) match · 2024
Employer contribution per active participant$3,007
Median for plans this size$2,416
2024$3,007 per active participant
2023$2,507 per active participant
2022$2,417 per active participant

Mountain West Farm Bureau Mutual Insurance Company's 2024 employer contribution ran above 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$62,560
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp
CHARLES SCHWAB & CO, INC · 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$66,931 · 0.31%
2023$55,725 · 0.30%
2022$62,514 · 0.33%
Same employer
Similar plansFinance & Insurance · Wyoming
Hilltop National Bank WY$34.3M · 0.02%
Blue Federal Credit Union WY$28.5M · 0.09%
Wallick & Volk, Inc. WY$16.4M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830181634 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.