The Farmers & Merchants Bank 401(K) Profit Sharing Plan — Form 5500 plan (Farmers & Merchants Bank, Inc.)
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 Bank 401(K) Profit Sharing Plan is a benefit plan reported by Farmers & Merchants Bank, Inc. under EIN 52-0309630 and plan number 002. The latest loaded filing year is 2023. The filing reports 126 participants and $11,372,536 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Farmers & Merchants Bank, Inc.
- EIN
- 52-0309630
- Plan number
- 002
- Plan type
- 2
- Location
- Hampstead, MD
- Latest filing year
- 2023
- Participants
- 126
- End-of-year plan assets
- $11,372,536
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 126 | H, C | 20241015084209NAL0027853105001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $11,372,536
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,372,536
- Net assets (BOY)
- $11,997,311
Income & contributions
- Employer contributions
- $261,212
- Participant contributions
- $533,793
- Total contributions
- $861,110
- Total income / additions
- $2,654,112
Expenses & distributions
- Benefits paid
- $3,250,824
- Administrative expenses
- $28,063
- Total expenses
- $3,278,887
- Net increase / (decrease)
- -$624,775
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Global Retirement Partners LLC | INVESTMENT ADVISOR | $15,000 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $11,751 | $0 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $1,195 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Farmers & Merchants Bank, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Hampstead, MD
- Global Retirement Partners LLC — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation