# Farmers & Merchants State Bank 401(k) Plan
Source: https://planprovider.pro/companies/farmers-merchants-state-bank-401k-plan-001-3610

> Farmers & Merchants State Bank's 401(k) plan: 14 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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