FARMERS STATE BANK 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of FARMERS STATE BANK 401(K) PROFIT SHARING PLAN is $17,074,450.This plan was established in 2002.

At the end of 2022, the total number of retirement plan participants in FARMERS STATE BANK 401(K) PROFIT SHARING PLAN is 121

In 2022, the average participant retirement account value for FARMERS STATE BANK 401(K) PROFIT SHARING PLAN is $141,111

In 2022, the estimated average employee contribution amount per participant for FARMERS STATE BANK 401(K) PROFIT SHARING PLAN is $8,300

In 2022, the estimated average employer match for an employee in FARMERS STATE BANK 401(K) PROFIT SHARING PLAN is approximately $10,885

In 2022, FARMERS STATE BANK 401(K) PROFIT SHARING PLAN allocates $1,317,178 to match its employees’ contributions, providing an employer match rate of 133.92% of their contributions

In 2022, the total retirement plan asset growth rate of FARMERS STATE BANK 401(K) PROFIT SHARING PLAN is -15.26%

In 2022, the estimated aggregate retirement account investment gain/loss for FARMERS STATE BANK 401(K) PROFIT SHARING PLAN is -22.39%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FARMERS STATE BANK 401(K) PROFIT SHARING PLAN is 0.12%.

Enrollment Features

FARMERS STATE BANK 401(K) PROFIT SHARING PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.