401(k) · DOL Form 5500 · 2022

Farmers State Bank 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
107
Participants Small participant base
75th
Percentile by assets National rank
$159,574
Avg per participant Above avg balance/head
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Official DOL plan name: Farmers State Bank 401(k) Profit Sharing Plan · Sponsored by Farmers State Bank · Iowa · Management of Enterprises

$17M in assets, 107 participants

Farmers State Bank's Farmers State Bank 401(k) Profit Sharing Plan reported $17M in total assets and 107 participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • #659 in Management of Enterprises (1,193 peers)

Coverage in Iowa

Farmers State Bank 401(k) Profit Sharing Plan covers 107 participants in Iowa, about 18% of the average Iowa filer (state average ~609 per filing). Assets: $17M.

#659
in Management of Enterprises (1,193 peers)
-15.3%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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

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

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

$17,074,450 Top 25% higher than 75% 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 401(k) Profit Sharing Plan 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 401(k) Profit Sharing Plan sits mid-pack in the medium band (107 participants).

Published 5500 schedule card

Filing strip 420247200 · Farmers State Bank PY 2022 · 401(k)

Farmers State Bank 401(k) Profit Sharing Plan · $17M · 107 · 75th

  • SCH $17M
  • EBSA 107
  • PART 75th
  • TYPE 401(k)
  • NET near Marki Microwave Retirement Plan
  • BOOK ind #659

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 Management of Enterprises retirement plans → · Plans in Iowa →

Farmers State Bank 401(k) Profit Sharing Plan in the asset neighbourhood

R. W. Griffin Feed Seed & Fertilizer 401(k) PlanR. W. Griffin Feed Seed & Fe…$17MHoffman Transportation 401(k) PlanHoffman Transportation 401(k…$17MFarmers State Bank 401(k) Profit Sharing PlanFarmers State Bank 401(k) Pr…$17MMarki Microwave Retirement PlanMarki Microwave Retirement P…$17MCommunity Services for Every1, Inc. 401(k) Profit Sharing PlanCommunity Services for Every…$17M
End-of-year total assets ($M) among Farmers State Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Iowa filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$17M
Net Income-$3M
Employer EIN420247200
Plan Effective Date2002-01-01
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
$29M 68.8643089528506% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $17.1M $28.8M ▲ +68.9%
Year Plans Participants Total Assets
2022 1 107 $17M
2023 1 121 $23M
2024 1 112 $29M

Nearby 401(k) Plans in Iowa

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

Farmers State Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -101234 Total assets ($B) Participants Farmers State Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.01707445 · Participants: 107Farmers State Bank 401(k) Profit Sharing PlanThe 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 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Farmers State Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Iowa, the nearest 401(k) by assets is Marki Microwave Retirement Plan in CA ($17M); by covered participants it is First National Bank in Howell 401 (K) Plan in MI (107 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (107 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 401(k) Profit Sharing Plan assets move in 2022? ▼
Farmers State Bank 401(k) Profit Sharing Plan declined sharply - down 15.3% during 2022, from $20M to $17M. Reported net income was -$3M.
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 68.9%, from $17M to $29M.
Where does Farmers State Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Farmers State Bank 401(k) Profit Sharing Plan ranks in the 75th 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 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Marki Microwave Retirement Plan in CA ($17M, 178 participants).
Which 401(k) plans cover a similar participant headcount to Farmers State Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is First National Bank in Howell 401 (K) Plan in MI (107 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 420247200.

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.