2023 Form 5500 filing — The Farmers Bank 401k Plan
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 20240726132239NAL0016019041001) for The Farmers Bank 401k Plan, reported by The Farmers Bank under EIN 62-0197640 and plan number 002. It reports 177 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240726132239NAL0016019041001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Farmers Bank
- EIN
- 62-0197640
- Plan number
- 002
- Location
- Portland, TN
- Participants
- 177
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,236,196
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,236,196
- Employer contributions
- $396,128
- Participant contributions
- $652,488
- Total income / additions
- $3,267,773
- Benefits paid
- $701,329
- Administrative expenses
- $47,712
- Total expenses
- $749,041
- Net increase / (decrease)
- $2,518,732
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Mercer Global Advisors, Inc. | RIA | $26,647 | not reported in the loaded dataset |
| John Hancock Life Insurance Co. Usa | RECORDKEEPER | $19,920 | not reported in the loaded dataset |