Farmers State Bank Pension Plan — Form 5500 plan (Farmers 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, Farmers State Bank Pension Plan is a benefit plan reported by Farmers State Bank under EIN 75-0264630 and plan number 001. The latest loaded filing year is 2023. The filing reports 97 participants and $10,696,953 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$10.7MPlan net assets, end of year$10,696,953
Participants97Covered participants reported
Assets / participant$110.3KComputed: assets ÷ participants$110,278 (computed)
Provider compensationNone reported
Plan sponsor
Farmers State Bank
EIN
75-0264630
Plan number
001
Plan type
2
Location
Center, TX
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202397I20241015092043NAL0014301315001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$10.7M total assets
Net assets$10.7MLiabilities$0
Money in vs. money out
Total income / additions$1.2M
Total expenses$811.3K
Benefits paid / distributions$779.9K
Contributions
Employer$184.4K
Participant$0
Full reported line items

Net assets

Total assets (EOY)
$10,696,953
Total liabilities (EOY)
$0
Net assets (EOY)
$10,696,953
Net assets (BOY)
$10,312,381

Income & contributions

Employer contributions
$184,370
Participant contributions
$0
Total income / additions
$1,195,860

Expenses & distributions

Benefits paid
$779,922
Administrative expenses
$31,366
Total expenses
$811,288
Net increase / (decrease)
$384,572
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 100%Participant 0%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income65%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages