FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST

At the end of 2022, the total retirement plan assets of FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST is $11,731,068.This plan was established in 1962.

At the end of 2022, the total number of retirement plan participants in FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST is 194

In 2022, the average participant retirement account value for FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST is $60,469

In 2022, the estimated average employee contribution amount per participant for FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST is $1,883

In 2022, the estimated average employer match for an employee in FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST is approximately $1,158

In 2022, FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST allocates $224,768 to match its employees’ contributions, providing an employer match rate of 64.69% of their contributions

In 2022, the total retirement plan asset growth rate of FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST is -21.00%

In 2022, the estimated aggregate retirement account investment gain/loss for FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST is -17.75%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST is 0.00%.

Enrollment Features

FARMERS STATE FINANCIAL CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN AND TRUST has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.