Plan5500

Farmers Bank And Trust Company 401(K) And Employee Stock Ownership Plan And Trust — Form 5500 plan (Magnolia Banking Corporation And Farmers Bank And Trust Company)

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 Bank And Trust Company 401(K) And Employee Stock Ownership Plan And Trust is a benefit plan reported by Magnolia Banking Corporation And Farmers Bank And Trust Company under EIN 71-0054330 and plan number 001. The latest loaded filing year is 2023. The filing reports 611 participants and $26,548,541 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$26.5MPlan net assets, end of year$26,548,541
Participants611Covered participants reported
Assets / participant$43.5KComputed: assets ÷ participants$43,451 (computed)
Provider compensation$12.8K2 Schedule C provider row(s)$12,755
Plan sponsor
Magnolia Banking Corporation And Farmers Bank And Trust Company
EIN
71-0054330
Plan number
001
Plan type
2
Location
Magnolia, AR
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023611H, C20241007111126NAL0015081601001
Schedule H · 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)$26.5M total assets
Net assets$26.5MLiabilities$0
Money in vs. money out
Total income / additions$6.8M
Total expenses$1.7M
Benefits paid / distributions$1.7M
Contributions
Employer$267.1K
Participant$1.9M
Full reported line items

Net assets

Total assets (EOY)
$26,548,541
Total liabilities (EOY)
$0
Net assets (EOY)
$26,548,541
Net assets (BOY)
$21,466,310

Income & contributions

Employer contributions
$267,063
Participant contributions
$1,930,657
Total contributions
$3,507,504
Total income / additions
$6,797,340

Expenses & distributions

Benefits paid
$1,702,353
Administrative expenses
$12,756
Total expenses
$1,715,109
Net increase / (decrease)
$5,082,231
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 12%Participant 88%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income25%Computed ratio
Provider comp. ÷ net assets0%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$12,755$02023
Wilshire Advisors LLCINVESTMENT ADVISORY$0$02023

Related Form 5500 pages