Profit Sharing · DOL Form 5500 · 2023
Farmers State Bank of Parkston Profit Sharing Plan
Data updated 2026-08-11
- $10M
- Total assets
- 34
- Participants
- 58th
- Percentile by assets
- $282,317
- Avg per participant
Official DOL plan name: Farmers State Bank of Parkston Profit-Sharing Plan · Sponsored by Farmers State Bank of Parkston · South Dakota · Finance & Insurance
$10M in assets, 34 participants
Farmers State Bank of Parkston's Farmers State Bank of Parkston Profit-Sharing Plan reported $10M in total assets and 34 participants in its 2023 DOL Form 5500 filing, ranking in the 58th 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.
- 58th percentile by assets (of 127,072 plans)
- #3,757 in Finance & Insurance (8,869 peers)
Farmers State Bank of Parkston multi-year trail
Farmers State Bank of Parkston's plans moved +26.2% in assets from 2022 to 2024; this filing shows Farmers State Bank of Parkston Profit-Sharing Plan at $10M / 34 participants.
- $10M
- total plan assets (2023 EOY)
- 34
- covered participants
- 58th
- percentile by assets (of 127,072 plans)
- $282,317
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Farmers State Bank of Parkston Profit-Sharing Plan reported net income rose from -$813K in the plan year 2022 filing to $1M in the plan year 2023 filing.
- Farmers State Bank of Parkston Profit-Sharing Plan end-of-year assets rose from $9M in the plan year 2022 filing to $10M in the plan year 2023 filing.
- Farmers State Bank of Parkston Profit-Sharing Plan reported participants rose from 32 in the plan year 2022 filing to 34 in the plan year 2023 filing.
Farmers State Bank of Parkston across 3 plan years on file
Across the 3 plan years Farmers State Bank of Parkston has on file (2022-2024), sponsor-wide plan assets have moved from $9M to $11M, a gain of 26.2%, while reported participants moved from 32 to 32 (+0.0%). Peak year by sponsor assets: 2024 ($11M); trough: 2022 ($9M).
Farmers State Bank of Parkston multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 32 | $9M |
| 2023 | 1 | 34 | $10M |
| 2024 | 1 | 32 | $11M |
Farmers State Bank of Parkston filing trail (2023)
| Total Assets (Beginning of Year) | $9M |
|---|---|
| Net Assets (End of Year) | $10M |
| Net Income | $1M |
| Employer EIN | 466013331 |
| Plan Effective Date | 1972-06-15 |
| Filing Status | FILING RECEIVED |
Nearby Profit Sharing Plans in South Dakota
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Farmers State Bank of Parkston Profit-Sharing Plan vs. nearby Profit Sharing plans in South Dakota, assets vs. participants
- Valley Queen Company Stock Profit Sharing Plan and Trust $21M · 329
- Gpac, LLC 401(k) Plan $18M · 313
- Huron Area Center for Independence 403(b) Plan $14M · 216
- Tower Systems, Inc. Profit Sharing Plan $4M · 39
- Shk Holdings Inc. Retirement Plan $3M · 13
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Farmers State Bank of Parkston Profit-Sharing Plan by total assets, not by location.
- Jesuit High School Retirement Plan (FL) $10M · 132
- Birken Productions, Inc. Profit Sharing Plan (CA) $10M · 18
- Alpine Bearing Co., Inc. Profit Sharing Trust (MA) $10M · 36
- Dublin School 403(b) Retirement Plan (NH) $10M · 112
Frequently Asked Questions
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Multi-year trail
Ways to act on Farmers State Bank of Parkston Profit-Sharing Plan's numbers.
- By total assets, Farmers State Bank of Parkston Profit-Sharing Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in South Dakota. Compare plans
- Farmers State Bank of Parkston's sponsor-wide assets have grown 26.2% since 2022 across 3 plan years on file. More Finance & Insurance plans