# The Farmers Bank 401(k) Plan
Source: https://planprovider.pro/companies/the-farmers-bank-401k-plan-002-7640

> The Farmers Bank's 401(k) plan: 153 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Farmers Bank

- **Sponsor EIN:** 620197640

- **Sponsor Address:** 120 VILLAGE DRIVE, PORTLAND, TN, 371481410

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

- **Total Participants:** 153

- **Total Assets:** $17.8M

## 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|153|$17.8M|$415,205|$684,647|

| 2023|155|$15.2M|$396,128|$652,488|

| 2022|152|$12.7M|$375,108|$647,600|

## 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|$56,155|—|—|—|—|

| 2023|$47,712|—|$46,647|—|—|

| 2022|$50,481|—|$50,481|—|—|

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