# Farmers And Merchants Bank 401(k) Plan
Source: https://planprovider.pro/companies/farmers-and-merchants-bank-401k-plan-001-1520

> Farmers And Merchants Bank's 401(k) plan: 47 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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