Plan Ledger DOL Form 5500 · updated monthly

North Carolina Farm Bureau Mutual Insurance Company401(k)

EMPLOYEES' 401(K) PLAN OF NORTH CAROLINA FARM BUREAU MUTUAL INSURANCE · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.15%

North Carolina Farm Bureau Mutual Insurance Company reported $72,685 in plan administrative expenses for 2024: 0.15% of average plan assets, above the peer median. 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 0.12% to 0.15%. 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 351st-largest of 2,005 plans among North Carolina employers on file, and the 1,581st of 4,798 in finance & insurance. active participation has grown from 1,259 to 1,439 since 2022.

Plan summary
Net assets, end of year$53,534,432
Participants with balances897
Active participants1,439
Employer contributions—
Employee contributions$3,712,098
Employer contribution per active participant—
Average account balance$59,682
Benefits paid to participants$3,546,509
Plan auditUnmodified (clean) audit opinion
AuditorAT ALLEN & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$53.5M · 897 accts
2023$46.5M · 851 accts
2022$39.9M · 794 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,685
Total administrative$72,685
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$72,684
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect 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
2024$72,685 · 0.15%
2023$66,152 · 0.15%
2022$55,362 · 0.12%
Similar plansFinance & Insurance · North Carolina
The Fidelity Bank NC$60.3M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560586973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.