# Farmers State Bank 401(k) Plan
Source: https://planprovider.pro/companies/farmers-state-bank-401k-plan-002-3690

> Farmers State Bank's 401(k) plan: 144 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Farmers State Bank

- **Sponsor EIN:** 350303690

- **Sponsor Address:** 220 SOUTH DETROIT STREET, LAGRANGE, IN, 467611808

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

- **Total Participants:** 144

- **Total Assets:** $17.7M

## 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:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|144|$17.7M|$321,674|$680,751|

| 2023|149|$15.6M|$324,564|$648,576|

| 2022|164|$13.4M|$310,667|$632,158|

## 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|

| KRUGGEL, LAWTON & COMPANY, LLC|Auditor|$65,294|—|$65,294|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KRUGGEL, LAWTON & COMPANY, LLC](https://planprovider.pro/provider/kruggel-lawton-and-company-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $65,294

- **Estimated Expense Ratio:** 0.370% of plan assets

### 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|$65,294|—|—|$65,294|—|

| 2023|$42,340|—|—|—|—|

| 2022|$45,922|—|—|—|$45,922|

## Similar Plans

- [The Fountain Trust Company](https://planprovider.pro/companies/the-fountain-trust-company-401k-plan) — 143 participants

- [The Farmers Bank](https://planprovider.pro/companies/the-farmers-bank-401k-plan-003) — 150 participants

- [Town Financial Corporation](https://planprovider.pro/companies/town-financial-corporation-401k-plan) — 131 participants

- [Springs Valley Bank & Trust Company](https://planprovider.pro/companies/springs-valley-bank-trust-company-401k-plan) — 127 participants

- [Community First Bank Of Indiana](https://planprovider.pro/companies/community-first-bank-of-indiana-401k-plan) — 120 participants

- [Greenfield Banking Company](https://planprovider.pro/companies/greenfield-banking-company-401k-plan) — 114 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/farmers-state-bank-401k-plan-002-3690)

© 2026 PlanProvider.Pro