Group Retirement Income Plan No. 10

Group Retirement Income Plan No. 10

Group Retirement Income Plan No. 10 is the defined benefit pension vehicle for eligible employees of CC Services, Inc., the primary service company operating under the COUNTRY Financial brand in Bloomington, Illinois. The plan is co-sponsored by the Illinois Agricultural Association, also known as the Illinois Farm Bureau, tying the pension's beneficiary base to the agricultural and mutual insurance economies of the Midwest. COUNTRY Financial CEO Jim Jacobs holds executive oversight, while EVP and Chief Human Resources Officer Andrea Thorpe serves as the named Plan Administrator. The plan's investment portfolio is built to defease traditional pension liabilities — monthly retirement income, death benefits, and disability payments — for a closed or slowly growing participant pool. Its disclosed asset mix includes a diversified commercial real estate portfolio concentrated in the United States, alongside an allocation to alternative assets. The alternatives sleeve is not broken out publicly but typically includes private credit, infrastructure, or absolute-return strategies for plans of this profile. Geographic focus appears limited to domestic US holdings. Team composition and total asset figures are not publicly disclosed. The plan's governance sits within the broader COUNTRY Financial executive layer rather than an independent investment office. In addition to the investment portfolio, the affiliated IAA Foundation operates as a philanthropic arm, directing charitable giving across Illinois agricultural communities — a structure that keeps mission-aligned grantmaking at arm's length from the pension trust's fiduciary mandate. No dedicated investment committee members beyond the named executives have been identified in public records. Structurally, the plan represents the legacy corporate pension model: a single-sponsor defined benefit trust that does not seek external capital, market its investment capabilities, or compete with third-party managers. Its investor base is not discretionary — it serves a fixed, employment-linked population — which means liquidity management and actuarial funding ratios drive asset allocation more than peer-relative performance. There is no evidence of an open architecture direct investment program, co-investment club, or external GP relationships, making the plan a closed-loop fiduciary vehicle rather than a market participant allocators would encounter in a fundraise.