401(k) · DOL Form 5500 · 2022

Farmers State Bank 401(k) Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
148
Participants Small participant base
84th
Percentile by assets National rank
$220,886
Avg per participant Above avg balance/head
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Official DOL plan name: Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust · Sponsored by Farmers State Bank · Iowa · Finance & Insurance

$33M in assets, 148 participants

Farmers State Bank's Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust reported $33M in total assets and 148 participants in its 2022 DOL Form 5500 filing, ranking in the 84th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,839 in Finance & Insurance (9,261 peers)

Coverage in Iowa

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust covers 148 participants in Iowa, about 24% of the average Iowa filer (state average ~609 per filing). Assets: $33M.

#6,839
in Finance & Insurance (9,261 peers)
-15.0%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $6M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust's outsized position by total assets

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$32,691,176 Top 16% higher than 84% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (148 participants).

EBSA filing schedule strip

Filing strip 420109590 · Farmers State Bank PY 2022 · 401(k)

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust · $33M · 148 · 84th

  • IND $33M
  • EOY 148
  • 5500 84th
  • ASSETS 401(k)
  • PCT near Time Savings and Investment Plan
  • EIN ind #6839

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Iowa →

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Farmers State Bank Employees' 401(k) Profit Sharing Plan & TrustFarmers State Bank Employees…$33MTime Savings and Investment PlanTime Savings and Investment …$33MKansas City Royals Baseball Club, LLC 401(k) PlanKansas City Royals Baseball …$33MIndiana Beverage, Inc. 401(k) Profit Sharing PlanIndiana Beverage, Inc. 401(k…$33MOne Water Marine Holdings, LLC 401(k) PlanOne Water Marine Holdings, L…$33M
End-of-year total assets ($M) among Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Iowa filing particulars

Total Assets (Beginning of Year)$38M
Net Assets (End of Year)$33M
Net Income-$6M
Employer EIN420109590
Plan Effective Date1956-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Farmers State Bank)

Sponsor-wide plan assets over time

All Farmers State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$39M 20.71035009569555% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $32.7M $39.5M ▲ +20.7%
Year Plans Participants Total Assets
2022 1 148 $33M
2023 1 157 $37M
2024 1 150 $39M

Nearby 401(k) Plans in Iowa

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -101234 Total assets ($B) Participants Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.032691176 · Participants: 148Farmers State Bank Employees' 401(k) Profit Sharing Plan & TrustThe Principal Select Savings Plan, Total assets ($B): 3.613396259 · Participants: 12201The Principal Select Savings PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 2.684422851 · Participants: 28603Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 2.447514997 · Participants: 59826The Hy-Vee and Affiliates 401(k) PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 2.275604074 · Participants: 13793The Rsm US LLP Retirement PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.116061137 · Participants: 7262Transamerica 401(k) Retirement Savings Plan
Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Time Savings and Investment Plan in NY ($33M); by covered participants it is Variq Corporation 401(k) Plan in MD (148 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (148 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust assets move in 2022? ▼
Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust declined sharply - down 15.0% during 2022, from $38M to $33M. Reported net income was -$6M.
How have Farmers State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farmers State Bank's sponsor-wide assets grew 20.7%, from $33M to $39M.
Where does Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust rank by assets among Form 5500 filers? ▼
Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust ranks in the 84th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Time Savings and Investment Plan in NY ($33M, 267 participants).
Which 401(k) plans cover a similar participant headcount to Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Variq Corporation 401(k) Plan in MD (148 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 420109590.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.