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FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN 401k Plan overview

Plan NameFARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN
Plan identification number 001

FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan covered by PBGC that was terminated and closed out for PBGC purposes - Before the end of the plan year (or a prior plan year), (1) the plan terminated in a standard (or distress) termination and completed the distribution of plan assets in satisfaction of all benefit liabilities (or all ERISA Title IV benefits for distress termination); or (2) a trustee was appointed for a terminated plan pursuant to ERISA section 4042.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FARMERS MUTUAL INSURANCE COMPANY OF MACON, MISSOURI has sponsored the creation of one or more 401k plans.

Company Name:FARMERS MUTUAL INSURANCE COMPANY OF MACON, MISSOURI
Employer identification number (EIN):430266080
NAIC Classification:524290

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01KEVIN MOSLEY2023-10-02
0012021-01-01KEVIN MOSLEY2022-05-27
0012020-01-01KEVIN MOSLEY2021-07-07
0012018-01-01GREGG DYKSTRA2019-09-11 KEVIN MOSLEY2019-09-12
0012017-01-01GREGG DYKSTRA2018-07-24 KEVIN MOSLEY2018-07-23
0012016-01-01GREGG DYKSTRA2017-10-03 KEVIN MOSLEY2017-10-10
0012015-01-01GREGG DYKSTRA2016-07-22 KEVIN MOSLEY2016-09-02
0012014-01-01GREGG DYKSTRA2015-10-09 KEVIN MOSLEY2015-10-06
0012013-01-01GREGG DYKSTRA2014-09-26 KEVIN MOSLEY2014-09-29
0012012-01-01GREGG DYKSTRA2013-07-10 KEVIN MOSLEY2013-07-03
0012011-01-01GREGG DYKSTRA2012-10-09 KEVIN MOSLEY2012-09-25
0012010-01-01GREGG DYKSTRA2011-07-05 KEVIN MOSLEY2011-07-06

Plan Statistics for FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN

401k plan membership statisitcs for FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN

Measure Date Value
2022: FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets2022-12-314,556,010
Acturial value of plan assets2022-12-314,290,599
Funding target for retired participants and beneficiaries receiving payment2022-12-311,218,065
Number of terminated vested participants2022-12-312
Fundng target for terminated vested participants2022-12-3117,382
Active participant vested funding target2022-12-31767,913
Number of active participants2022-12-317
Total funding liabilities for active participants2022-12-31770,980
Total participant count2022-12-3115
Total funding target for all participants2022-12-312,006,427
Balance at beginning of prior year after applicable adjustments2022-12-31691,476
Prefunding balance at beginning of prior year after applicable adjustments2022-12-31668,575
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-31691,476
Amount remaining of prefunding balance2022-12-31668,575
Present value of excess contributions2022-12-31105,870
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-31111,111
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-31768,645
Balance of prefunding at beginning of current year2022-12-31743,188
Total employer contributions2022-12-31460,000
Total employee contributions2022-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-31437,867
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3192,175
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-31437,867
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets2021-12-314,130,298
Acturial value of plan assets2021-12-313,830,311
Funding target for retired participants and beneficiaries receiving payment2021-12-311,315,321
Number of terminated vested participants2021-12-312
Fundng target for terminated vested participants2021-12-3118,670
Active participant vested funding target2021-12-31677,343
Number of active participants2021-12-317
Total funding liabilities for active participants2021-12-31679,383
Total participant count2021-12-3115
Total funding target for all participants2021-12-312,013,374
Balance at beginning of prior year after applicable adjustments2021-12-31606,079
Prefunding balance at beginning of prior year after applicable adjustments2021-12-31586,007
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-31606,079
Amount remaining of prefunding balance2021-12-31586,007
Present value of excess contributions2021-12-31438,110
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31461,505
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-31691,476
Balance of prefunding at beginning of current year2021-12-31668,575
Total employer contributions2021-12-31110,000
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-31105,870
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3196,072
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-31105,870
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets2020-12-313,356,993
Acturial value of plan assets2020-12-313,252,632
Funding target for retired participants and beneficiaries receiving payment2020-12-311,464,741
Number of terminated vested participants2020-12-312
Fundng target for terminated vested participants2020-12-3115,007
Active participant vested funding target2020-12-31512,596
Number of active participants2020-12-316
Total funding liabilities for active participants2020-12-31512,596
Total participant count2020-12-3115
Total funding target for all participants2020-12-311,992,344
Balance at beginning of prior year after applicable adjustments2020-12-31517,000
Prefunding balance at beginning of prior year after applicable adjustments2020-12-31391,544
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-31517,000
Amount remaining of prefunding balance2020-12-31391,544
Present value of excess contributions2020-12-31248,333
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31261,942
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-31127,000
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-31606,079
Balance of prefunding at beginning of current year2020-12-31586,007
Total employer contributions2020-12-31460,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31438,110
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3167,585
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31438,110
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets2019-12-312,783,449
Acturial value of plan assets2019-12-312,932,458
Funding target for retired participants and beneficiaries receiving payment2019-12-311,498,455
Number of terminated vested participants2019-12-311
Fundng target for terminated vested participants2019-12-3110,086
Active participant vested funding target2019-12-31401,034
Number of active participants2019-12-317
Total funding liabilities for active participants2019-12-31406,891
Total participant count2019-12-3115
Total funding target for all participants2019-12-311,915,432
Balance at beginning of prior year after applicable adjustments2019-12-31546,801
Prefunding balance at beginning of prior year after applicable adjustments2019-12-31327,501
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-31546,801
Amount remaining of prefunding balance2019-12-31327,501
Present value of excess contributions2019-12-3177,520
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-3181,892
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-3181,892
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-31517,000
Balance of prefunding at beginning of current year2019-12-31391,544
Total employer contributions2019-12-31260,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31248,333
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3164,884
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31248,333
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets2018-12-313,021,435
Acturial value of plan assets2018-12-312,854,575
Funding target for retired participants and beneficiaries receiving payment2018-12-311,532,708
Number of terminated vested participants2018-12-311
Fundng target for terminated vested participants2018-12-319,034
Active participant vested funding target2018-12-31316,593
Number of active participants2018-12-317
Total funding liabilities for active participants2018-12-31320,512
Total participant count2018-12-3115
Total funding target for all participants2018-12-311,862,254
Balance at beginning of prior year after applicable adjustments2018-12-31479,734
Prefunding balance at beginning of prior year after applicable adjustments2018-12-31287,332
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-31479,734
Amount remaining of prefunding balance2018-12-31287,332
Present value of excess contributions2018-12-31144,225
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-31152,604
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-31546,801
Balance of prefunding at beginning of current year2018-12-31327,501
Total employer contributions2018-12-3180,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-3177,520
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3147,660
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-3177,520
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets2017-12-312,661,565
Acturial value of plan assets2017-12-312,683,823
Funding target for retired participants and beneficiaries receiving payment2017-12-311,527,126
Number of terminated vested participants2017-12-311
Fundng target for terminated vested participants2017-12-317,708
Active participant vested funding target2017-12-31232,908
Number of active participants2017-12-317
Total funding liabilities for active participants2017-12-31241,805
Total participant count2017-12-3115
Total funding target for all participants2017-12-311,776,639
Balance at beginning of prior year after applicable adjustments2017-12-31439,116
Prefunding balance at beginning of prior year after applicable adjustments2017-12-31263,004
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-31439,116
Amount remaining of prefunding balance2017-12-31263,004
Present value of excess contributions2017-12-31237,806
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-31252,074
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-31479,734
Balance of prefunding at beginning of current year2017-12-31287,332
Total employer contributions2017-12-31151,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-31144,225
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3146,017
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-31144,225
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: FARMERS MUTUAL INSURANCE ASSOCIATON OF MACON, MISSOURI DEFINED BENEFIT PLAN 2016 401k membership
Market value of plan assets2016-12-312,351,345
Acturial value of plan assets2016-12-312,497,358
Funding target for retired participants and beneficiaries receiving payment2016-12-311,460,599
Number of terminated vested participants2016-12-312
Fundng target for terminated vested participants2016-12-3184,070
Active participant vested funding target2016-12-31175,914
Number of active participants2016-12-317
Total funding liabilities for active participants2016-12-31180,650
Total participant count2016-12-3115
Total funding target for all participants2016-12-311,725,319
Balance at beginning of prior year after applicable adjustments2016-12-31453,164
Prefunding balance at beginning of prior year after applicable adjustments2016-12-31271,418
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-31453,164
Amount remaining of prefunding balance2016-12-31271,418
Present value of excess contributions2016-12-31156,675
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-31166,373
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-31439,116
Balance of prefunding at beginning of current year2016-12-31263,004
Total employer contributions2016-12-31251,000
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-31237,806
Liquidity shortfalls end of Q12016-12-310
Liquidity shortfalls end of Q22016-12-310
Liquidity shortfalls end of Q32016-12-310
Liquidity shortfalls end of Q42016-12-310
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3131,125
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-31237,806
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

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