The Farmers Bank Defined Benefit Pension Plan — Form 5500 plan (The Farmers 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 Bank Defined Benefit Pension Plan is a benefit plan reported by The Farmers Bank under EIN 62-0197640 and plan number 001. The latest loaded filing year is 2023. The filing reports 150 participants and $14,407,904 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Farmers Bank
- EIN
- 62-0197640
- Plan number
- 001
- Plan type
- 2
- Location
- Portland, TN
- Latest filing year
- 2023
- Participants
- 150
- End-of-year plan assets
- $14,407,904
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 150 | H | 20240729110742NAL0018710561001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,407,904
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,407,904
- Net assets (BOY)
- $12,290,923
Income & contributions
- Employer contributions
- $1,000,000
- Total contributions
- $1,000,000
- Total income / additions
- $2,660,019
Expenses & distributions
- Benefits paid
- $543,038
- Administrative expenses
- $0
- Total expenses
- $543,038
- Net increase / (decrease)
- $2,116,981
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.