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SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 401k Plan overview

Plan NameSOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN
Plan identification number 004

SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

SOUTHERN FARM BUREAU CASUALTY INSURANCE COMPANY has sponsored the creation of one or more 401k plans.

Company Name:SOUTHERN FARM BUREAU CASUALTY INSURANCE COMPANY
Employer identification number (EIN):640288243
NAIC Classification:524150

Additional information about SOUTHERN FARM BUREAU CASUALTY INSURANCE COMPANY

Jurisdiction of Incorporation: Mississippi Secretary of State
Incorporation Date:
Company Identification Number: 402128

More information about SOUTHERN FARM BUREAU CASUALTY INSURANCE COMPANY

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0042022-01-01
0042021-01-01
0042020-01-01
0042020-01-01
0042019-01-01
0042018-01-01
0042017-01-01LAURA WATKINS LAURA WATKINS2018-10-15
0042016-01-01LAURA S. WATKINS LAURA S. WATKINS2017-09-28

Plan Statistics for SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN

401k plan membership statisitcs for SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN

Measure Date Value
2022: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-013,569
Total number of active participants reported on line 7a of the Form 55002022-01-012,641
Number of retired or separated participants receiving benefits2022-01-0138
Number of other retired or separated participants entitled to future benefits2022-01-01803
Total of all active and inactive participants2022-01-013,482
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-0128
Total participants2022-01-013,510
Number of participants with account balances2022-01-013,409
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-014,012
Total number of active participants reported on line 7a of the Form 55002021-01-013,109
Number of retired or separated participants receiving benefits2021-01-0139
Number of other retired or separated participants entitled to future benefits2021-01-01767
Total of all active and inactive participants2021-01-013,915
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0124
Total participants2021-01-013,939
Number of participants with account balances2021-01-013,303
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-013,995
Total number of active participants reported on line 7a of the Form 55002020-01-013,104
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-01695
Total of all active and inactive participants2020-01-013,799
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-0122
Total participants2020-01-013,821
Number of participants with account balances2020-01-013,258
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-013,897
Total number of active participants reported on line 7a of the Form 55002019-01-013,179
Number of retired or separated participants receiving benefits2019-01-0111
Number of other retired or separated participants entitled to future benefits2019-01-01715
Total of all active and inactive participants2019-01-013,905
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-0127
Total participants2019-01-013,932
Number of participants with account balances2019-01-013,340
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-013,875
Total number of active participants reported on line 7a of the Form 55002018-01-013,162
Number of retired or separated participants receiving benefits2018-01-0112
Number of other retired or separated participants entitled to future benefits2018-01-01698
Total of all active and inactive participants2018-01-013,872
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-0123
Total participants2018-01-013,895
Number of participants with account balances2018-01-013,304
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-013,731
Total number of active participants reported on line 7a of the Form 55002017-01-013,143
Number of retired or separated participants receiving benefits2017-01-0110
Number of other retired or separated participants entitled to future benefits2017-01-01693
Total of all active and inactive participants2017-01-013,846
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-0124
Total participants2017-01-013,870
Number of participants with account balances2017-01-013,299
2016: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-013,824
Total number of active participants reported on line 7a of the Form 55002016-01-013,008
Number of retired or separated participants receiving benefits2016-01-0110
Number of other retired or separated participants entitled to future benefits2016-01-01677
Total of all active and inactive participants2016-01-013,695
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-0124
Total participants2016-01-013,719
Number of participants with account balances2016-01-013,289
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN

Measure Date Value
2022 : SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-55,529,103
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$39,276,385
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$39,046,058
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$23,222,792
Value of total assets at end of year2022-12-31$432,693,601
Value of total assets at beginning of year2022-12-31$527,499,089
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$230,327
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$4,556,600
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$4,556,600
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$500,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$14,457,292
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$1,254,786
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$2,125
Other income not declared elsewhere2022-12-31$66,654
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-94,805,488
Value of net assets at end of year (total assets less liabilities)2022-12-31$432,693,601
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$527,499,089
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$230,185,057
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$283,059,992
Value of interest in common/collective trusts at end of year2022-12-31$202,508,544
Value of interest in common/collective trusts at beginning of year2022-12-31$244,439,097
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-46,637,449
Net investment gain or loss from common/collective trusts2022-12-31$-36,737,700
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$7,510,714
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$39,043,933
Contract administrator fees2022-12-31$230,327
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31HARPER, RAINS, KNIGHT & COMPANY
Accountancy firm EIN2022-12-31640809101
2021 : SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$92,451,190
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$49,730,694
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$49,449,851
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$23,504,854
Value of total assets at end of year2021-12-31$527,499,090
Value of total assets at beginning of year2021-12-31$484,778,594
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$280,843
Total interest from all sources2021-12-31$6
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$4,506,562
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$4,506,562
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$500,000
If this is an individual account plan, was there a blackout period2021-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$14,347,036
Participant contributions at beginning of year2021-12-31$215
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$1,775,004
Other income not declared elsewhere2021-12-31$7,252
Administrative expenses (other) incurred2021-12-31$131,229
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$42,720,496
Value of net assets at end of year (total assets less liabilities)2021-12-31$527,499,090
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$484,778,594
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$283,059,992
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$255,322,705
Interest on participant loans2021-12-31$6
Value of interest in common/collective trusts at end of year2021-12-31$244,439,098
Value of interest in common/collective trusts at beginning of year2021-12-31$229,455,674
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$27,178,161
Net investment gain or loss from common/collective trusts2021-12-31$37,254,355
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$7,382,814
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$49,449,851
Contract administrator fees2021-12-31$149,614
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31Yes
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31HARPER, RAINS, KNIGHT & COMPANY
Accountancy firm EIN2021-12-31640809101
2020 : SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2020 401k financial data
Unrealized appreciation/depreciation of real estate assets2020-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2020-12-31$0
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Expenses. Interest paid2020-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022020-12-31$0
Total income from all sources (including contributions)2020-12-31$77,977,313
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$29,729,492
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$29,503,184
Expenses. Certain deemed distributions of participant loans2020-12-31$0
Value of total corrective distributions2020-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$21,416,697
Value of total assets at end of year2020-12-31$484,778,594
Value of total assets at beginning of year2020-12-31$436,530,773
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$226,308
Total income from rents2020-12-31$0
Total interest from all sources2020-12-31$175
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$3,847,540
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2020-12-31$3,847,540
Administrative expenses professional fees incurred2020-12-31$0
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$500,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Amount of non-exempt transactions with any party-in-interest2020-12-31$0
Contributions received from participants2020-12-31$13,832,590
Participant contributions at end of year2020-12-31$215
Participant contributions at beginning of year2020-12-31$4,681
Participant contributions at end of year2020-12-31$0
Participant contributions at beginning of year2020-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$392,949
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2020-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2020-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2020-12-31$0
Other income not declared elsewhere2020-12-31$551
Administrative expenses (other) incurred2020-12-31$226,308
Liabilities. Value of operating payables at beginning of year2020-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Income. Non cash contributions2020-12-31$0
Value of net income/loss2020-12-31$48,247,821
Value of net assets at end of year (total assets less liabilities)2020-12-31$484,778,594
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$436,530,773
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Amount of loans by the plan or fixed income obligations due to the plan which were in default/classified-as-uncollectible as of the close of the plan year2020-12-31$0
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Amount of leases to which the plan was a party which were in default/classified-as-uncollectible during the year2020-12-31$0
Investment advisory and management fees2020-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$255,322,705
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$236,345,357
Interest on participant loans2020-12-31$175
Income. Interest from loans (other than to participants)2020-12-31$0
Interest earned on other investments2020-12-31$0
Income. Interest from US Government securities2020-12-31$0
Income. Interest from corporate debt instruments2020-12-31$0
Value of interest in common/collective trusts at end of year2020-12-31$229,455,674
Value of interest in common/collective trusts at beginning of year2020-12-31$200,180,735
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2020-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$28,206,936
Net investment gain/loss from pooled separate accounts2020-12-31$0
Net investment gain or loss from common/collective trusts2020-12-31$24,505,414
Net gain/loss from 103.12 investment entities2020-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$7,191,158
Employer contributions (assets) at end of year2020-12-31$0
Employer contributions (assets) at beginning of year2020-12-31$0
Income. Dividends from preferred stock2020-12-31$0
Income. Dividends from common stock2020-12-31$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$29,503,184
Contract administrator fees2020-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2020-12-31$0
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Aggregate proceeds on sale of assets2020-12-31$0
Aggregate carrying amount (costs) on sale of assets2020-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2020-12-31$0
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31KPMG
Accountancy firm EIN2020-12-31135565207
2019 : SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets2019-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2019-12-31$0
Total income from all sources (including contributions)2019-12-31$94,486,914
Total loss/gain on sale of assets2019-12-31$0
Total of all expenses incurred2019-12-31$22,388,856
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$22,141,944
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$20,395,306
Value of total assets at end of year2019-12-31$436,530,773
Value of total assets at beginning of year2019-12-31$364,432,715
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$246,912
Total interest from all sources2019-12-31$557
Total dividends received (eg from common stock, registered investment company shares)2019-12-31$6,401,260
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2019-12-31$6,401,260
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$500,000
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$13,152,017
Participant contributions at end of year2019-12-31$4,681
Participant contributions at beginning of year2019-12-31$9,429
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$249,107
Other income not declared elsewhere2019-12-31$1,162
Administrative expenses (other) incurred2019-12-31$246,912
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$72,098,058
Value of net assets at end of year (total assets less liabilities)2019-12-31$436,530,773
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$364,432,715
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2019-12-31$236,345,357
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2019-12-31$189,995,190
Interest on participant loans2019-12-31$557
Value of interest in common/collective trusts at end of year2019-12-31$200,180,735
Value of interest in common/collective trusts at beginning of year2019-12-31$174,428,096
Net investment gain/loss from registered investment companies (e.g. mutual funds)2019-12-31$37,592,740
Net investment gain or loss from common/collective trusts2019-12-31$30,095,889
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31Yes
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$6,994,182
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$22,141,944
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31KPMG
Accountancy firm EIN2019-12-31135565207
2018 : SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2018 401k financial data
Total unrealized appreciation/depreciation of assets2018-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2018-12-31$0
Total income from all sources (including contributions)2018-12-31$2,166,992
Total loss/gain on sale of assets2018-12-31$0
Total of all expenses incurred2018-12-31$28,702,533
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$28,434,407
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$20,338,407
Value of total assets at end of year2018-12-31$364,432,715
Value of total assets at beginning of year2018-12-31$390,968,256
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$268,126
Total interest from all sources2018-12-31$910
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$4,368,371
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2018-12-31$4,368,371
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$500,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$12,753,179
Participant contributions at end of year2018-12-31$9,429
Participant contributions at beginning of year2018-12-31$13,823
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$772,542
Other income not declared elsewhere2018-12-31$1,740
Administrative expenses (other) incurred2018-12-31$268,126
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-26,535,541
Value of net assets at end of year (total assets less liabilities)2018-12-31$364,432,715
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$390,968,256
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2018-12-31$189,995,190
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2018-12-31$235,571,002
Interest on participant loans2018-12-31$910
Value of interest in common/collective trusts at end of year2018-12-31$174,428,096
Value of interest in common/collective trusts at beginning of year2018-12-31$155,383,431
Net investment gain/loss from registered investment companies (e.g. mutual funds)2018-12-31$-18,210,440
Net investment gain or loss from common/collective trusts2018-12-31$-4,331,996
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31Yes
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$6,812,686
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$28,434,407
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31KPMG, LLP
Accountancy firm EIN2018-12-31135565207
2017 : SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2017 401k financial data
Total unrealized appreciation/depreciation of assets2017-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2017-12-31$0
Total income from all sources (including contributions)2017-12-31$69,275,076
Total loss/gain on sale of assets2017-12-31$0
Total of all expenses incurred2017-12-31$25,031,140
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$24,752,768
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$19,362,676
Value of total assets at end of year2017-12-31$390,968,256
Value of total assets at beginning of year2017-12-31$346,724,320
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$278,372
Total interest from all sources2017-12-31$1,237
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$4,207,392
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2017-12-31$4,207,392
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$500,000
If this is an individual account plan, was there a blackout period2017-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$12,279,279
Participant contributions at end of year2017-12-31$13,823
Participant contributions at beginning of year2017-12-31$17,890
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$373,724
Other income not declared elsewhere2017-12-31$9,863
Administrative expenses (other) incurred2017-12-31$278,372
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$44,243,936
Value of net assets at end of year (total assets less liabilities)2017-12-31$390,968,256
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$346,724,320
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2017-12-31$235,571,002
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2017-12-31$195,335,183
Interest on participant loans2017-12-31$1,237
Value of interest in common/collective trusts at end of year2017-12-31$155,383,431
Value of interest in common/collective trusts at beginning of year2017-12-31$151,371,247
Net investment gain/loss from registered investment companies (e.g. mutual funds)2017-12-31$31,685,467
Net investment gain or loss from common/collective trusts2017-12-31$14,008,441
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31Yes
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$6,709,673
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$24,752,768
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31Yes
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31KPMG, LLP
Accountancy firm EIN2017-12-31135565207
2016 : SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total transfer of assets to this plan2016-12-31$328,491,767
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$43,188,850
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$24,956,297
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$24,678,915
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$18,824,881
Value of total assets at end of year2016-12-31$346,724,320
Value of total assets at beginning of year2016-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$277,382
Total interest from all sources2016-12-31$1,720
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$3,568,239
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2016-12-31$3,568,239
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$500,000
If this is an individual account plan, was there a blackout period2016-12-31Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$11,944,383
Participant contributions at end of year2016-12-31$17,890
Participant contributions at beginning of year2016-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$281,708
Other income not declared elsewhere2016-12-31$989
Administrative expenses (other) incurred2016-12-31$277,382
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$18,232,553
Value of net assets at end of year (total assets less liabilities)2016-12-31$346,724,320
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2016-12-31$195,335,183
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2016-12-31$0
Interest on participant loans2016-12-31$1,720
Value of interest in common/collective trusts at end of year2016-12-31$151,371,247
Value of interest in common/collective trusts at beginning of year2016-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2016-12-31$13,262,963
Net investment gain or loss from common/collective trusts2016-12-31$7,530,058
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$6,598,790
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$24,678,915
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32016-12-31Yes
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31KPMG, LLP
Accountancy firm EIN2016-12-31135565207

Form 5500 Responses for SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN

2022: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entityMulitple employer plan
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entityMulitple employer plan
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entityMulitple employer plan
2020-01-01Submission has been amendedYes
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2019 form 5500 responses
2019-01-01Type of plan entityMulitple employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2018 form 5500 responses
2018-01-01Type of plan entityMulitple employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2017 form 5500 responses
2017-01-01Type of plan entityMulitple employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: SOUTHERN FARM BUREAU AND ADOPTING COMPANIES 401(K) PLAN 2016 form 5500 responses
2016-01-01Type of plan entityMulitple employer plan
2016-01-01First time form 5500 has been submittedYes
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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