Farmers State Bank Employees' 401(K) Profit Sharing Plan & Trust — 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 Employees' 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Farmers State Bank under EIN 42-0109590 and plan number 001. The latest loaded filing year is 2023. The filing reports 212 participants and $36,691,806 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Farmers State Bank
- EIN
- 42-0109590
- Plan number
- 001
- Plan type
- 2
- Location
- Marion, IA
- Latest filing year
- 2023
- Participants
- 212
- End-of-year plan assets
- $36,691,806
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 212 | H, C | 20240722131237NAL0017542656001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $36,691,806
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $36,691,806
- Net assets (BOY)
- $32,691,176
Income & contributions
- Employer contributions
- $561,465
- Participant contributions
- $773,309
- Total contributions
- $1,646,037
- Total income / additions
- $7,430,674
Expenses & distributions
- Benefits paid
- $3,361,738
- Administrative expenses
- $68,306
- Total expenses
- $3,430,044
- Net increase / (decrease)
- $4,000,630
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Ubs Financial Services | NONE | $37,211 | not reported in the loaded dataset | 2023 |
| The Vanguard Group, Inc. | NONE | $19,939 | $0 | 2023 |
| Clifton Larson Allen Llp | NONE | $11,156 | not reported in the loaded dataset | 2023 |