Guideone Mutual Insurance Company 401(k) Plan: Login, Facts & Contact Information

Guideone Mutual Insurance Company 401(k) Plan Facts

Plan name
GUIDEONE INSURANCE COMPANY 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
TMG INSURANCE SERVICES, LLC
Participants
855 (459 active employees)
Former employees with a balance
319
Plan assets
$173,507,326 at Dec 31, 2023
Average account balance
$223,304 across 777 accounts
Employer contributions
$2,886,477 in plan year 2023 (27% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 1982
✓ 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 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 9, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $10.7 million went into the plan in contributions, $2.89 million of it from the employer (27%).
  • $13.1 million was paid out to participants.
  • Investment and other income added $24.6 million.
  • Administrative expenses were $211,327, about $272 per account.

How the Guideone Mutual Insurance Company 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018877$122.4 million$3.44 million$17.8 million
2019862$144.7 million$3.13 million$13.1 million
2020899$164.8 million$3.64 million$12.6 million
2021822$185.0 million$3.02 million$16.1 million
2022827$151.4 million$3.01 million$12.1 million
2023855$173.5 million$2.89 million$13.1 million

Guideone Mutual Insurance Company 401(k) Contact Information

Phone
515-267-2255
Mailing address
1111 ASHWORTH RD, WEST DES MOINES IA 502653544
Plan sponsor
TMG INSURANCE SERVICES, LLC
Employer identification number (EIN)
42-0645088
Plan number
002

Questions about the Guideone Mutual Insurance Company 401(k)

Does Guideone Mutual Insurance Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $2.89 million, 27% of all contributions.

Does the Guideone Mutual Insurance Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Guideone Mutual Insurance Company 401(k) plan?

855 participants at the start of plan year 2023, 459 of them active employees, and 319 former employees who still had money in the plan.

What is the average 401(k) balance at Guideone Mutual Insurance Company?

About $223,304 per account: $173.5 million in plan assets across 777 accounts with a balance at the end of plan year 2023.

Who manages the Guideone Mutual Insurance Company 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 Guideone Mutual Insurance Company. 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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