401(k) · DOL Form 5500 · 2023

Farmers & Merchants State Bank 401(k) Plan

Data updated 2026-08-25

$5M
Total assets Small plan by assets
14
Participants Small participant base
45th
Percentile by assets National rank
$373,084
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Farmers & Merchants State Bank P/S · Sponsored by Farmers & Merchants State Bank · South Dakota · Finance & Insurance

$5M in assets, 14 participants

Farmers & Merchants State Bank's Farmers & Merchants State Bank P/S reported $5M in total assets and 14 participants in its 2023 DOL Form 5500 filing, ranking in the 45th 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.

  • #2,847 in Finance & Insurance (8,869 peers)

Farmers & Merchants State Bank multi-year trail

Farmers & Merchants State Bank's plans moved +17.1% in assets from 2022 to 2024; this filing shows Farmers & Merchants State Bank P/S at $5M / 14 participants.

#2,847
in Finance & Insurance (8,869 peers)
+4.4%
assets growth YoY

Farmers & Merchants State Bank P/S's mid-pack asset rank among Finance & Insurance and all filers

Farmers & Merchants State Bank P/S vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$5,223,175 45th percentile higher than 45% of 127,068 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 2023

Farmers & Merchants State Bank P/S among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farmers & Merchants State Bank P/S is a small filing (14 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Farmers & Merchants State Bank P/S reported net income rose from -$949K in the plan year 2022 filing to $219K in the plan year 2023 filing.
  • Farmers & Merchants State Bank P/S reported participants fell from 15 in the plan year 2022 filing to 14 in the plan year 2023 filing.
  • Farmers & Merchants State Bank P/S end-of-year assets rose from $5M in the plan year 2022 filing to $5M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 460133610 · Farmers & Merchants State Bank PY 2023 · 401(k)

Farmers & Merchants State Bank P/S · $5M · 14 · 45th

  • BOY $5M
  • SCH 14
  • EBSA 45th
  • PART 401(k)
  • TYPE near Environmental Geotech. Lab., Inc. 401 K Profit Sharing Plan
  • NET ind #2847

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 South Dakota →

Farmers & Merchants State Bank P/S in the asset neighbourhood

Farmers & Merchants State Bank P/SFarmers & Merchants State Ba…$5MEnvironmental Geotech. Lab., Inc. 401 K Profit Sharing PlanEnvironmental Geotech. Lab.,…$5MCushing and Sons, Inc. Profit Sharing PlanCushing and Sons, Inc. Profi…$5MSpecialty Store Lighting, Inc. 401(k) Profit Sharing PlanSpecialty Store Lighting, In…$5MReliable Heating and Air 401(k) PlanReliable Heating and Air 401…$5M
End-of-year total assets ($M) among Farmers & Merchants State Bank P/S and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Farmers & Merchants State Bank multi-year asset trail

Sponsor-wide plan assets over time

All Farmers & Merchants State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$6M 17.05937596786924% vs 2022
2024 filing year
$4.5M$5M$5.5M$6M 202220232024 $5M $5.86M ▲ +17.2%
Year Plans Participants Total Assets
2022 1 15 $5M
2023 1 14 $5M
2024 1 15 $6M

Farmers & Merchants State Bank filing trail (2023)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$5M
Net Income$219K
Employer EIN460133610
Plan Effective Date1961-07-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in South Dakota

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

Farmers & Merchants State Bank P/S vs. nearby 401(k) plans in South Dakota, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -2000200400600800 Total assets ($M) Participants Farmers & Merchants State Bank P/S, Total assets ($M): 5.223175 · Participants: 14Farmers & Merchants State Bank P/SBlack Hills Corporation 401(k) Retirement Savings Plan, Total assets ($M): 726.965765 · Participants: 2972Black Hills Corporation 401(k) Retirement Savings PlanGood Samaritan Society 401(k) Plan, Total assets ($M): 254.213431 · Participants: 12894Good Samaritan Society 401(k) PlanDaktronics, Inc. 401(k) Plan, Total assets ($M): 235.476974 · Participants: 2254Daktronics, Inc. 401(k) PlanPoet 401(k) Plan, Total assets ($M): 219.059384 · Participants: 2254Poet 401(k) PlanPremier 401(k) Plan, Total assets ($M): 215.996195 · Participants: 1913Premier 401(k) Plan
Farmers & Merchants State Bank P/S vs. nearby 401(k) plans in South Dakota, assets vs. participants
Compare Farmers & Merchants State Bank P/S side-by-side with 3 peers →

Farmers & Merchants State Bank P/S's out-of-state 401(k) peers by assets and headcount

Outside South Dakota, the nearest 401(k) by assets is Environmental Geotech. Lab., Inc. 401 K Profit Sharing Plan in CA ($5M); by covered participants it is Gibbs Maintenance, Profit Sharing Plan and Trust in CA (14 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (14 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Farmers & Merchants State Bank P/S assets move in 2023? ▼
Farmers & Merchants State Bank P/S edged up modestly - up 4.4% during 2023, from $5M to $5M. Reported net income was $219K.
How have Farmers & Merchants State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farmers & Merchants State Bank's sponsor-wide assets grew 17.1%, from $5M to $6M.
Which 401(k) plans are similar in size to Farmers & Merchants State Bank P/S? ▼
Among 401(k) plans in other states, the closest by assets is Environmental Geotech. Lab., Inc. 401 K Profit Sharing Plan in CA ($5M, 19 participants).
Which 401(k) plans cover a similar participant headcount to Farmers & Merchants State Bank P/S? ▼
Among 401(k) plans in other states, the closest by covered participants is Gibbs Maintenance, Profit Sharing Plan and Trust in CA (14 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 460133610.

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.