Updated:
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...
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 real estate portfolio likely consists of yield-oriented, stabilized properties that generate the predictable cash flows required to match benefit payment schedules. 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.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Bloomington
Corporate office
Bloomington, IL, United States
Principals
Jim Jacobs
CEO of COUNTRY Financial
Rob McDade
EVP, CFO, and Chief Strategy Officer of COUNTRY Financial
Andrea Thorpe
EVP, Chief Human Resources Officer and Plan Administrator
Sector focus
Frequently asked questions
What is the relationship between Group Retirement Income Plan No. 10 and COUNTRY Financial?
The plan is administered by COUNTRY Financial, the consumer-facing brand under which the plan's sponsor, CC Services, Inc., operates. COUNTRY Financial's CEO Jim Jacobs holds senior oversight of the organization, while EVP Andrea Thorpe is the named Plan Administrator. COUNTRY Financial provides the corporate infrastructure — HR, finance, legal — that supports the pension trust, but the plan's assets are held in a separate fiduciary trust for beneficiaries. Rob McDade, CFO of COUNTRY Financial, is also involved at the executive level.
Who are the named fiduciaries or investment decision-makers for the plan?
Andrea Thorpe, EVP and Chief Human Resources Officer of COUNTRY Financial, is the named Plan Administrator and the most directly responsible executive for plan operations. Jim Jacobs, CEO, and Rob McDade, CFO and Chief Strategy Officer, sit at the organizational level above the plan. No independent investment committee members, external OCIO relationships, or dedicated pension investment officers have been publicly identified. Governance appears concentrated within the sponsoring employer's C-suite rather than a separate investment office.
Does the plan invest directly or through external managers?
The plan's structure — a mid-sized, single-sponsor corporate defined benefit plan — strongly suggests an external manager model rather than a direct investment program, though this is not publicly confirmed. The diversified commercial real estate portfolio could be held through pooled funds, separate accounts, or direct property ownership. The plan does not market itself as a direct co-investor, does not name GP relationships, and is not known to participate in venture, growth equity, or club deal structures alongside other institutional allocators.
What role does the Illinois Farm Bureau play in the plan?
The Illinois Agricultural Association, operating as the Illinois Farm Bureau, is a co-sponsor of the plan alongside CC Services, Inc. This structural tie means the plan's participant base draws from the agricultural membership ecosystem as well as insurance company employees. The co-sponsorship arrangement embeds the pension within the broader Illinois agricultural economy and likely influences the plan's conservative, long-duration investment posture. The IAA Foundation, the Farm Bureau's charitable arm, operates separately from the pension trust.
Is the plan open to new participants or is it frozen?
Whether the plan is open, closed, or frozen to new entrants is not publicly disclosed. Many single-sponsor defined benefit plans in the insurance and agricultural sectors have moved toward closure or freeze status over the past two decades, but no specific documentation confirms this for Group Retirement Income Plan No. 10. The plan continues to provide retirement, death, and disability benefits, per Altss research, which indicates it remains an active liability stream rather than a terminated or fully annuitized plan.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: