Plan Snapshot
- Plan Sponsor: Iowa Farm Bureau Federation And Affiliated Companies
- Sponsor EIN: 420331840
- Sponsor Address: 5400 UNIVERSITY AVE, WEST DES MOINES, IA, 50266
- Plan Type: 401(k)
- Total Participants: 2,229
- Total Assets: $497.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 2,229 | $497.5M | $16.6M | $19.2M |
| 2023 | 2,185 | $440.6M | $15.0M | $17.7M |
| 2022 | 2,068 | $384.7M | $13.7M | $16.5M |
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 |
|---|---|---|---|---|
| LUTZ AND COMPANY P.C. | Auditor | $27,500 | — | $27,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LUTZ AND COMPANY P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,500
- Estimated Expense Ratio: 0.006% of plan assets
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 | $516,943 | $103,625 | $358,794 | $27,500 | — |
| 2023 | $402,688 | — | $402,688 | — | — |
| 2022 | $382,424 | — | $382,424 | — | — |