# Farmers Bank 401(k) Plan
Source: https://planprovider.pro/companies/farmers-bank-401k-plan-001-9347

> Farmers Bank's 401(k) plan: 34 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Farmers Bank

- **Sponsor EIN:** 841599347

- **Sponsor Address:** 119 1ST STREET, AULT, CO, 80610

- **Plan Type:** 401(k)

- **Total Participants:** 34

- **Total Assets:** $6.6M

## 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|34|$6.6M|$180,894|$301,489|

| 2023|32|$5.8M|$172,290|$280,869|

| 2022|32|$4.9M|$167,828|$249,688|

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