FARMERS STATE BANK 401(K) PROFIT SHARING PLAN

Employer Match

An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.

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