Plan Snapshot
- Plan Sponsor: Farmers National Bank Of Canfield
- Sponsor EIN: 340214400
- Sponsor Address: 20 S BROAD ST, CANFIELD, OH, 444061401
- Plan Type: 401(k)
- Total Participants: 529
- Total Assets: $60.6M
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 | 529 | $60.6M | $1.1M | $3.3M |
| 2023 | 533 | $59.8M | $1.0M | $3.1M |
| 2022 | 454 | $50.7M | $870,726 | $2.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $111,733 | — | $111,733 | — | — |
| 2023 | $89,306 | — | $89,306 | — | — |
| 2022 | $82,716 | — | $82,716 | — | — |