Farmers Mutual Hail Insurance Company Of Iowa 401(k) Plan: Login, Facts & Contact Information

Farmers Mutual Hail Insurance Company Of Iowa 401(k) Plan Facts

Plan name
FARMERS MUTUAL HAIL TAX DEFERRED SAVINGS PLAN
Plan type
401(k) and profit sharing
Plan sponsor
FARMERS MUTUAL HAIL INSURANCE COMPANY OF IOWA
Participants
734 (583 active employees)
Former employees with a balance
112
Plan assets
$172,165,698 at Dec 31, 2024
Average account balance
$249,516 across 690 accounts
Employer contributions
$5,915,506 in plan year 2024 (43% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1978
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 11, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $13.7 million went into the plan in contributions, $5.92 million of it from the employer (43%).
  • $14.0 million was paid out to participants.
  • Investment and other income added $18.7 million.
  • Administrative expenses were $260,600, about $378 per account.

How the Farmers Mutual Hail Insurance Company Of Iowa 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019648$97.9 million$4.54 million$4.66 million
2020655$117.9 million$4.73 million$4.34 million
2021669$139.9 million$4.92 million$7.32 million
2022678$121.3 million$5.30 million$6.60 million
2023695$154.1 million$5.52 million$8.75 million
2024734$172.2 million$5.92 million$14.0 million

Farmers Mutual Hail Insurance Company Of Iowa 401(k) Contact Information

Phone
515-282-9104
Mailing address
6785 WESTOWN PKWY, WEST DES MOINES IA 502667727
Plan sponsor
FARMERS MUTUAL HAIL INSURANCE COMPANY OF IOWA
Employer identification number (EIN)
42-0245840
Plan number
002

Questions about the Farmers Mutual Hail Insurance Company Of Iowa 401(k)

Does Farmers Mutual Hail Insurance Company Of Iowa contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $5.92 million in employer contributions for plan year 2024.

Does the Farmers Mutual Hail Insurance Company Of Iowa 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Farmers Mutual Hail Insurance Company Of Iowa 401(k) plan?

734 participants at the start of plan year 2024, 583 of them active employees, and 112 former employees who still had money in the plan.

What is the average 401(k) balance at Farmers Mutual Hail Insurance Company Of Iowa?

About $249,516 per account: $172.2 million in plan assets across 690 accounts with a balance at the end of plan year 2024.

Who manages the Farmers Mutual Hail Insurance Company Of Iowa 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Farmers Mutual Hail Insurance Company Of Iowa. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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