FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST
Plan Contact
- Address: 1240 8TH AVENUE,MARION,IA
- Contact person: DOROTHY MOULDS
- Phone: (319) 730-6927
Plan General Information
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST is $36,691,806.00.This plan was established in 1956.
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST 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) PROFIT SHARING PLAN & TRUST is 212
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST Average Participant Retirement Account Value
In 2023, the average participant retirement account value for FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST is $173,074.00
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST is $3,885.00.
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST is approximately $2,648.00
Investing in this additonal $2,648.00 for 20 years would give you extra $169,498.00, assuming a 10% annual return.
Investing in this additonal $2,648.00 for 20 years would give you extra $169,498.00, assuming a 10% annual return.
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST Total Employer Contribution and Match Rate
In 2023, FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST allocates $561,465.00 to match its employees' contributions, providing an employer match rate of 72.61% of their contributions
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST is 12.24%.
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST is 18.19%. This measures the effectiveness of the plan participants' investments in the year.
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST Expense Ratio
In 2023, the investment and administrative expense ratio of FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST is 0.19%.
Enrollment Features
FARMERS STATE BANK EMPLOYEES' 401(K) PROFIT SHARING PLAN & TRUST has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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