2023 Form 5500 filing — Farmers Bank And Trust Company 401(K) And Employee Stock Ownership Plan And 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 20241007111126NAL0015081601001) for Farmers Bank And Trust Company 401(K) And Employee Stock Ownership Plan And Trust, reported by Magnolia Banking Corporation And Farmers Bank And Trust Company under EIN 71-0054330 and plan number 001. It reports 611 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$26.5MReported net assets$26,548,541
Participants611
Provider compensation$12.8K2 Schedule C row(s)$12,755
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241007111126NAL0015081601001
- Plan sponsor
- Magnolia Banking Corporation And Farmers Bank And Trust Company
- EIN
- 71-0054330
- Plan number
- 001
- Location
- Magnolia, AR
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$26.5M total assets
Net assets$26.5MLiabilities$0
Full reported line items
- Total assets (EOY)
- $26,548,541
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $26,548,541
- Employer contributions
- $267,063
- Participant contributions
- $1,930,657
- Total income / additions
- $6,797,340
- Benefits paid
- $1,702,353
- Administrative expenses
- $12,756
- Total expenses
- $1,715,109
- Net increase / (decrease)
- $5,082,231
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $12,755 | $0 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 |