2023 Form 5500 filing — Farmers National Bank 401(K) Retirement Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240717121615NAL0004350545002) for Farmers National Bank 401(K) Retirement Savings Plan, reported by Farmers National Bank Of Canfield under EIN 34-0214400 and plan number 002. It reports 561 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240717121615NAL0004350545002
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Farmers National Bank Of Canfield
- EIN
- 34-0214400
- Plan number
- 002
- Location
- Canfield, OH
- Participants
- 561
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $59,793,262
- Net assets (EOY)
- $59,793,262
- Employer contributions
- $1,042,508
- Participant contributions
- $3,121,504
- Total income / additions
- $14,313,748
- Benefits paid
- $5,033,004
- Administrative expenses
- $89,306
- Total expenses
- $5,210,277
- Net increase / (decrease)
- $9,103,471
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company | RECORDKEEPER | $65,161 | not reported in the loaded dataset |
| National Associates Inc | CONTRACT ADMIN | $27,008 | not reported in the loaded dataset |
| Empower Advisory Group | INVESTMENT MGMT | $8,409 | not reported in the loaded dataset |