2023 Form 5500 filing — Farmers State Bank Employees' 401(K) Profit Sharing Plan & Trust
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240722131237NAL0017542656001) for Farmers State Bank Employees' 401(K) Profit Sharing Plan & Trust, reported by Farmers State Bank under EIN 42-0109590 and plan number 001. It reports 212 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240722131237NAL0017542656001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Farmers State Bank
- EIN
- 42-0109590
- Plan number
- 001
- Location
- Marion, IA
- Participants
- 212
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $36,691,806
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $36,691,806
- Employer contributions
- $561,465
- Participant contributions
- $773,309
- Total income / additions
- $7,430,674
- Benefits paid
- $3,361,738
- Administrative expenses
- $68,306
- Total expenses
- $3,430,044
- Net increase / (decrease)
- $4,000,630
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Ubs Financial Services | NONE | $37,211 | not reported in the loaded dataset |
| The Vanguard Group, Inc. | NONE | $19,939 | $0 |
| Clifton Larson Allen Llp | NONE | $11,156 | not reported in the loaded dataset |