Plan Snapshot
- Plan Sponsor: Farmers And Merchants Bank
- Sponsor EIN: 630071520
- Sponsor Address: 112 EAST LADIGA STREET, PIEDMONT, AL, 36272
- Plan Type: 401(k)
- Total Participants: 47
- Total Assets: $8.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 47 | $8.8M | $230,750 | $276,251 |
| 2023 | 45 | $7.9M | $225,062 | $279,710 |
| 2022 | 43 | $7.5M | $218,256 | $265,760 |