The Farmers Bank 401k 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 401k Plan is a benefit plan reported by The Farmers Bank under EIN 62-0197640 and plan number 002. The latest loaded filing year is 2023. The filing reports 177 participants and $15,236,196 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
- 002
- Plan type
- 2
- Location
- Portland, TN
- Latest filing year
- 2023
- Participants
- 177
- End-of-year plan assets
- $15,236,196
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 177 | H, C | 20240726132239NAL0016019041001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,236,196
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,236,196
- Net assets (BOY)
- $12,717,464
Income & contributions
- Employer contributions
- $396,128
- Participant contributions
- $652,488
- Total contributions
- $1,097,557
- Total income / additions
- $3,267,773
Expenses & distributions
- Benefits paid
- $701,329
- Administrative expenses
- $47,712
- Total expenses
- $749,041
- Net increase / (decrease)
- $2,518,732
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mercer Global Advisors, Inc. | RIA | $26,647 | not reported in the loaded dataset | 2023 |
| John Hancock Life Insurance Co. Usa | RECORDKEEPER | $19,920 | not reported in the loaded dataset | 2023 |