FARMERS STATE BANK EMPLOYEES' 401(K) PLAN

Plan Contact

  • Address: 220 SOUTH DETROIT STREET,LAGRANGE,IN
  • Contact person: BETTY CALDWELL
  • Phone: (260) 463-7111

Plan General Information

FARMERS STATE BANK EMPLOYEES' 401(K) PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of FARMERS STATE BANK EMPLOYEES' 401(K) PLAN is $15,631,773.00.This plan was established in 1992.

FARMERS STATE BANK EMPLOYEES' 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in FARMERS STATE BANK EMPLOYEES' 401(K) PLAN is 175

FARMERS STATE BANK EMPLOYEES' 401(K) PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for FARMERS STATE BANK EMPLOYEES' 401(K) PLAN is $89,324.00

FARMERS STATE BANK EMPLOYEES' 401(K) PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for FARMERS STATE BANK EMPLOYEES' 401(K) PLAN is $3,505.00.

FARMERS STATE BANK EMPLOYEES' 401(K) PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in FARMERS STATE BANK EMPLOYEES' 401(K) PLAN is approximately $1,854.00
Investing in this additonal $1,854.00 for 20 years would give you extra $118,697.00, assuming a 10% annual return.

FARMERS STATE BANK EMPLOYEES' 401(K) PLAN Total Employer Contribution and Match Rate

In 2023, FARMERS STATE BANK EMPLOYEES' 401(K) PLAN allocates $324,564.00 to match its employees' contributions, providing an employer match rate of 50.04% of their contributions

FARMERS STATE BANK EMPLOYEES' 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of FARMERS STATE BANK EMPLOYEES' 401(K) PLAN is 16.55%.

FARMERS STATE BANK EMPLOYEES' 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for FARMERS STATE BANK EMPLOYEES' 401(K) PLAN is 19.68%. This measures the effectiveness of the plan participants' investments in the year.

FARMERS STATE BANK EMPLOYEES' 401(K) PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of FARMERS STATE BANK EMPLOYEES' 401(K) PLAN is 0.27%.

Enrollment Features

FARMERS STATE BANK EMPLOYEES' 401(K) 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.

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