The Farmers & Merchants State Bank 401(K) Profit Sharing Plan — Form 5500 plan (The Farmers & Merchants State Bank)
Plain-English plan 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, The Farmers & Merchants State Bank 401(K) Profit Sharing Plan is a benefit plan reported by The Farmers & Merchants State Bank under EIN 34-4230390 and plan number 002. The latest loaded filing year is 2023. The filing reports 521 participants and $38,889,308 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Farmers & Merchants State Bank
- EIN
- 34-4230390
- Plan number
- 002
- Plan type
- 2
- Location
- Archbold, OH
- Latest filing year
- 2023
- Participants
- 521
- End-of-year plan assets
- $38,889,308
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 521 | H, C | 20240725120831NAL0014417585001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $38,889,308
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $38,889,308
- Net assets (BOY)
- $31,725,781
Income & contributions
- Employer contributions
- $1,444,718
- Participant contributions
- $2,183,847
- Total contributions
- $4,822,581
- Total income / additions
- $9,957,983
Expenses & distributions
- Benefits paid
- $2,736,480
- Administrative expenses
- $57,976
- Total expenses
- $2,794,456
- Net increase / (decrease)
- $7,163,527
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $57,976 | $0 | 2023 |