Farmers State Bank Of Parkston Profit-Sharing Plan — Form 5500 plan (Farmers State Bank Of Parkston)

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 Of Parkston Profit-Sharing Plan is a benefit plan reported by Farmers State Bank Of Parkston under EIN 46-6013331 and plan number 002. The latest loaded filing year is 2023. The filing reports 34 participants and $9,598,778 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$9.6MPlan net assets, end of year$9,598,778
Participants34Covered participants reported
Assets / participant$282.3KComputed: assets ÷ participants$282,317 (computed)
Provider compensationNone reported
Plan sponsor
Farmers State Bank Of Parkston
EIN
46-6013331
Plan number
002
Plan type
2
Location
Parkston, SD
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202334I20240327112852NAL0002166289001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$9.6M total assets
Net assets$9.6MLiabilities
Money in vs. money out
Total income / additions$1.5M
Total expenses$392.6K
Benefits paid / distributions$392.4K
Contributions
Employer$342.5K
Participant$76K
Full reported line items

Net assets

Total assets (EOY)
$9,598,778
Net assets (EOY)
$9,598,778
Net assets (BOY)
$8,520,439

Income & contributions

Employer contributions
$342,456
Participant contributions
$76,030
Total income / additions
$1,470,931

Expenses & distributions

Benefits paid
$392,448
Administrative expenses
$144
Total expenses
$392,592
Net increase / (decrease)
$1,078,339
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 82%Participant 18%
Total expenses ÷ net assets4%Computed ratio
Benefits paid ÷ total income27%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages