Plan Snapshot
- Plan Sponsor: Farmers Mutual Hail Insurance Company Of Iowa
- Sponsor EIN: 420245840
- Sponsor Address: 6785 WESTOWN PKWY, WEST DES MOINES, IA, 502667727
- Plan Type: DC
- Total Participants: 583
- Total Assets: $172.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 583 | $172.2M | $5.9M | $5.8M |
| 2023 | 571 | $154.1M | $5.5M | $5.3M |
| 2022 | 554 | $121.3M | $5.3M | $5.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EIDE BAILLY LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EIDE BAILLY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $260,600 | $130,722 | $129,878 | — | — |
| 2023 | $228,848 | $119,925 | $108,923 | — | — |
| 2022 | $181,768 | $84,117 | $97,651 | — | — |