Plan Snapshot
- Plan Sponsor: Farmers & Merchants State Bank
- Sponsor EIN: 460133610
- Sponsor Address: PO BOX 10, PLANKINTON, SD, 573680010
- Plan Type: 401(k)
- Total Participants: 14
- Total Assets: $5.9M
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 | 14 | $5.9M | $151,469 | $106,076 |
| 2023 | 15 | $5.2M | $157,356 | $102,582 |
| 2022 | 14 | $5.0M | $171,223 | $107,000 |