F&M Financial Corporation 401(K) Plan — Form 5500 plan (F&M Financial Corporation)
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, F&M Financial Corporation 401(K) Plan is a benefit plan reported by F&M Financial Corporation under EIN 56-1439958 and plan number 002. The latest loaded filing year is 2023. The filing reports 151 participants and $19,238,849 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- F&M Financial Corporation
- EIN
- 56-1439958
- Plan number
- 002
- Plan type
- 2
- Location
- Salisbury, NC
- Latest filing year
- 2023
- Participants
- 151
- End-of-year plan assets
- $19,238,849
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 151 | H, C | 20250501185746NAL0002278899001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,238,849
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,238,849
- Net assets (BOY)
- $15,574,896
Income & contributions
- Employer contributions
- $353,192
- Participant contributions
- $728,249
- Total contributions
- $1,138,556
- Total income / additions
- $3,987,190
Expenses & distributions
- Benefits paid
- $303,708
- Administrative expenses
- $19,529
- Total expenses
- $323,237
- Net increase / (decrease)
- $3,663,953
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Newport Group, Inc. | RECORDKEEPER | $13,778 | $0 | 2023 |
| Newport Trust Company | TRUSTEE | $5,647 | $0 | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $50 | $0 | 2023 |