2023 Form 5500 filing — Farmers Mutual Hail Tax Deferred Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241213133318NAL0010472931001) for Farmers Mutual Hail Tax Deferred Savings Plan, reported by Farmers Mutual Hail Insurance Company Of Iowa under EIN 42-0245840 and plan number 002. It reports 695 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241213133318NAL0010472931001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Farmers Mutual Hail Insurance Company Of Iowa
- EIN
- 42-0245840
- Plan number
- 002
- Location
- West Des Moines, IA
- Participants
- 695
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $154,121,746
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $154,121,746
- Employer contributions
- $5,515,092
- Participant contributions
- $5,303,213
- Total income / additions
- $41,749,989
- Benefits paid
- $8,748,921
- Administrative expenses
- $228,848
- Total expenses
- $8,977,769
- Net increase / (decrease)
- $32,772,220
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Capfinancial Partners, LLC | INVESTMENT ADVISORY | $119,925 | $24 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $108,923 | $960 |
| Eide Bailly Llp | ACCOUNTANT | $0 | $10,100 |