INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST
Plan Contact
- Address: 10 WEST 106TH STREET,INDIANAPOLIS,IN
- Contact person: YOGESH DESHMUKH
- Phone: (800) 666-6460
Plan General Information
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST is $46,429,686.00.This plan was established in 1995.
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST is 251
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST is $184,978.00
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST is $5,837.00.
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST is approximately $7,971.00
Investing in this additonal $7,971.00 for 20 years would give you extra $510,154.00, assuming a 10% annual return.
Investing in this additonal $7,971.00 for 20 years would give you extra $510,154.00, assuming a 10% annual return.
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST allocates $2,000,762.00 to match its employees' contributions, providing an employer match rate of 143.12% of their contributions
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST is 19.26%.
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST is 19.21%. This measures the effectiveness of the plan participants' investments in the year.
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST is 0.01%.
Enrollment Features
INDIANA FARMERS MUTUAL INSURANCE COMPANY 401(K) RETIREMENT PLAN & TRUST has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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