DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
Corporate pension
Farm Bureau Employees' Retirement Plan
Corporate pensionLansing, MI
Assets
$292M
Total assets, Jun 30, 2025 reported
Funded
80.0%
Jul 1, 2024
Private markets target
n/a
policy Jun 30, 2025
Commitments
18
none on the tape
Plan sponsor: Michigan Farm Bureau
Allocation policy
Form 5500, as of Jun 30, 2025
Actual allocation lines without a target (as filed)
- Insurance company general account 0.0%
- Pooled separate accounts 15.0%
- Registered investment companies 81.6%
Consultants and advisers
3 firms
- Stifel, Nicolaus and Company Investment adviser (plan)through Jun 30, 2025 Form 5500
- Farm Bureau Life Actuarythrough Jun 30, 2024 Form 5500
- Deloitte Consulting LLP Actuarythrough Jun 30, 2023 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
1 managers on the commitment tape
From the plan’s own commitment disclosures
- Principal18 rows, latest Jun 30, 2025
Commitments
18 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
| Date | Fund | Manager | Bucket | Amount | Vintage | Status | Source |
|---|---|---|---|---|---|---|---|
| as of Jun 30, 2025 | Prin Liquid Assets Sep Acct-Zseparate account | Principal | Pooled vehicles | $1.7M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | Principal U.S. Property Sa-Zseparate account | Principal | Real estate | $14.4M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | Prin Smcap S&p 600 Index Sa-Zseparate account | Principal | Pooled vehicles | $14.1M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | Principal Div Real Asset Sa-Zseparate account | Principal | Real assets | $13.5M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | Prin Core Plus Bond Sep Acct-Zseparate account | Principal | Fixed income | $10,788 held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2025 | Prin Lgcp S&p 500 Index Sa-Zseparate account | Principal | Pooled vehicles | $33,033 held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | Prin Liquid Assets Sep Acct-Zseparate account | Principal | Pooled vehicles | $1.6M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | Principal U.S. Property Sa-Zseparate account | Principal | Real estate | $13.7M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | Prin Smcap S&p 600 Index Sa-Zseparate account | Principal | Pooled vehicles | $13.7M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | Principal Div Real Asset Sa-Zseparate account | Principal | Real assets | $13.7M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | Prin Core Plus Bond Sep Acct-Zseparate account | Principal | Fixed income | $10,379 held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2024 | Prin Lgcp S&p 500 Index Sa-Zseparate account | Principal | Pooled vehicles | $29,168 held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | Prin Liquid Assets Sep Acct-Zseparate account | Principal | Pooled vehicles | $1.4M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | Principal U.S. Property Sa-Zseparate account | Principal | Real estate | $13.6M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | Prin Smcap S&p 600 Index Sa-Zseparate account | Principal | Pooled vehicles | $13.6M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | Principal Div Real Asset Sa-Zseparate account | Principal | Real assets | $13.6M held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | Prin Core Plus Bond Sep Acct-Zseparate account | Principal | Fixed income | $11,330 held | Disclosed holding | askebsa.dol.gov | |
| as of Jun 30, 2023 | Prin Lgcp S&p 500 Index Sa-Zseparate account | Principal | Pooled vehicles | $26,286 held | Disclosed holding | askebsa.dol.gov |
Size and funding
33 readings
Investment management fees
$80,000 (2024-06) · $80,000 (2023-06)
Form 5500 filings
3 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Jun 30, 2025 | 890 | $275M | $299M | 80.0% | $292M | n/a | n/a | n/a |
| 2023 to Jun 30, 2024 | 943 | $272M | $294M | 85.6% | $275M | n/a | n/a | n/a |
| 2022 to Jun 30, 2023 | 946 | $271M | $279M | 88.7% | $272M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Principal Life Insurance Company codes 13 50 64 $192,748 PY2024
- Deloitte Consulting codes 29 50 $148,929 PY2024
- Stifel codes 27 50 $80,000 PY2024
- Miller Canfield codes 29 50 $12,360 PY2024
- Principal Div Real Asset Sa-Z Sched. D P $13.5M PY2024
- Prin Liquid Assets Sep Acct-Z Sched. D P $1.7M PY2024
- Principal U.S. Property Sa-Z Sched. D P $14.4M PY2024
- Prin Smcap S&p 600 Index Sa-Z Sched. D P $14.1M PY2024
- Prin Core Plus Bond Sa-Pro Sched. D P $10,788 PY2024
- Prin Lgcap S&p 500 Idx Sa-Pro Sched. D P $33,033 PY2024
- Deloitte Consulting LLP codes 11 PY2024
- Principal Life Insurance Company codes 13 50 64 $234,748 PY2023
- Deloitte Consulting LLP codes 29 50 $69,516 PY2023
- Farm Bureau Life codes 11 27 50 $36,291 PY2023
- Maner Costerian codes 10 50 $8,400 PY2023
- Miller Canfield codes 29 50 $5,787 PY2023
- Prin Liquid Assets Sep Acct-Z Sched. D P $1.6M PY2023
- Principal U.S. Property Sa-Z Sched. D P $13.7M PY2023
- Prin Smcap S&p 600 Index Sa-Z Sched. D P $13.7M PY2023
- Principal Div Real Asset Sa-Z Sched. D P $13.7M PY2023
- Prin Core Plus Bond Sa-Pro Sched. D P $10,379 PY2023
- Prin Lgcap S&p 500 Idx Sa-Pro Sched. D P $29,168 PY2023
- Deloitte Consulting LLP codes 11 PY2023
- Principal Life Insurance Company codes 13 50 64 $280,564 PY2022
- Farm Bureau Life Ins Co codes 34 50 $99,156 PY2022
- Deloitte Consulting LLP codes 11 50 $94,947 PY2022
- Maner Costerisan codes 10 50 $8,426 PY2022
- Miller, Canfield codes 29 50 $7,562 PY2022
- Prin Lgcap S&p 500 Idx Sa-Pro Sched. D P $26,286 PY2022
- Prin Liquid Assets Sep Acct-Z Sched. D P $1.4M PY2022
- Prin Core Plus Bond Sa-Pro Sched. D P $11,330 PY2022
- Principal U.S. Property Sa-Z Sched. D P $13.6M PY2022
- Prin Smcap S&p 600 Index Sa-Z Sched. D P $13.6M PY2022
- Principal Div Real Asset Sa-Z Sched. D P $13.6M PY2022
- Deloitte Consulting LLP codes 11 PY2022
What changed
5 events
- Dec 31, 2024Consultant changedinferenceFarm Bureau Life no longer appears on Farm Bureau Employees' Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)with Farm Bureau Lifeaskebsa.dol.gov
- Dec 31, 2024Consultant changedinferenceStifel appears on Farm Bureau Employees' Retirement Plan's Schedule C as investment adviser (plan) (plan year 2024 vs 2023)with Stifel, Nicolaus and Companyaskebsa.dol.gov
- Jul 1, 2024Funded status changedFarm Bureau Employees' Retirement Plan funded ratio 85.6% -> 80.0% (2023-07-01 to 2024-07-01)
- Dec 31, 2023Consultant changedinferenceFarm Bureau Life appears on Farm Bureau Employees' Retirement Plan's Schedule C as investment adviser (plan) (plan year 2023 vs 2022)with Farm Bureau Lifeaskebsa.dol.gov
- Jul 1, 2023Funded status changedFarm Bureau Employees' Retirement Plan funded ratio 88.7% -> 85.6% (2022-07-01 to 2023-07-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 381718391-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.