Farmers State Bank 401(K) Profit Sharing 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 401(K) Profit Sharing Plan is a benefit plan reported by Farmers State Bank under EIN 42-0247200 and plan number 002. The latest loaded filing year is 2023. The filing reports 133 participants and $23,176,758 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Farmers State Bank
- EIN
- 42-0247200
- Plan number
- 002
- Plan type
- 2
- Location
- Waterloo, IA
- Latest filing year
- 2023
- Participants
- 133
- End-of-year plan assets
- $23,176,758
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 133 | H, C | 20240924145616NAL0026470786001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $23,176,758
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $23,176,758
- Net assets (BOY)
- $17,074,450
Income & contributions
- Employer contributions
- $980,002
- Participant contributions
- $959,763
- Total contributions
- $1,954,240
- Total income / additions
- $6,505,792
Expenses & distributions
- Benefits paid
- $382,535
- Administrative expenses
- $20,949
- Total expenses
- $403,484
- Net increase / (decrease)
- $6,102,308
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $20,949 | $0 | 2023 |