401(k) · DOL Form 5500 · 2023

Farmers National Bank of Canfield 401(k) Plan

Data updated 2026-08-25

$60M
Total assets Below avg plan size
454
Participants Below avg headcount
87th
Percentile by assets National rank
$131,703
Avg per participant Near avg balance/head
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Official DOL plan name: Farmers National Bank 401(k) Retirement Savings Plan · Sponsored by Farmers National Bank of Canfield · Ohio · Finance & Insurance

$60M in assets, 454 participants

Farmers National Bank of Canfield's Farmers National Bank 401(k) Retirement Savings Plan reported $60M in total assets and 454 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,134 in Finance & Insurance (8,869 peers)

Where Farmers National Bank 401(k) Retirement Savings Plan sits by assets

Farmers National Bank 401(k) Retirement Savings Plan sits in the top quartile of all filed plans by assets, $60M for 454 participants (~$131,703/participant), up 18.0% in 2023.

#7,134
in Finance & Insurance (8,869 peers)
+18.0%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Farmers National Bank 401(k) Retirement Savings Plan's outsized position by total assets

Farmers National Bank 401(k) Retirement Savings Plan vs every filed plan by assets

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

$59,793,262 Top 13% higher than 87% 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 National Bank 401(k) Retirement Savings Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farmers National Bank 401(k) Retirement Savings Plan sits mid-pack in the medium band (454 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Farmers National Bank 401(k) Retirement Savings Plan reported net income rose from -$16M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Farmers National Bank 401(k) Retirement Savings Plan reported participants rose from 362 in the plan year 2022 filing to 454 in the plan year 2023 filing.
  • Farmers National Bank 401(k) Retirement Savings Plan end-of-year assets rose from $51M in the plan year 2022 filing to $60M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 340214400 · Farmers National Bank of Canfield PY 2023 · 401(k)

Farmers National Bank 401(k) Retirement Savings Plan · $60M · 454 · 87th

  • ASSETS $60M
  • PCT 454
  • EIN 87th
  • RANK 401(k)
  • PHOTO near Softchoice Corporation 401(k) Plan
  • IND ind #7134

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 Ohio →

Farmers National Bank 401(k) Retirement Savings Plan in the asset neighbourhood

Rochester Radiology Associates, P.C. Profit-Sharing and 401(k) PlanRochester Radiology Associat…$60MBrandt 401(k) Retirement Plan$60MFarmers National Bank 401(k) Retirement Savings PlanFarmers National Bank 401(k)…$60MSoftchoice Corporation 401(k) PlanSoftchoice Corporation 401(k…$60MNakupuna Foundation Family of Companies Retirement PlanNakupuna Foundation Family o…$60M
End-of-year total assets ($M) among Farmers National Bank 401(k) Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$51M
Net Assets (End of Year)$60M
Net Income$9M
Employer EIN340214400
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Farmers National Bank of Canfield)

Sponsor-wide plan assets over time

All Farmers National Bank of Canfield plans reported in each filing year

Latest sponsor-wide plan assets
$61M 19.60411318326406% vs 2022
2024 filing year
$45M$50M$55M$60M$65M 202220232024 $50.7M $60.6M ▲ +19.6%
Year Plans Participants Total Assets
2022 1 362 $51M
2023 1 454 $60M
2024 1 533 $61M

Nearby 401(k) Plans in Ohio

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

Farmers National Bank 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Farmers National Bank 401(k) Retirement Savings Plan, Total assets ($B): 0.059793262 · Participants: 454Farmers National Bank 401(k) Retirement Savings PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Farmers National Bank 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Farmers National Bank 401(k) Retirement Savings Plan side-by-side with 3 peers →

Farmers National Bank 401(k) Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Ohio, the nearest 401(k) by assets is Softchoice Corporation 401(k) Plan in IL ($60M); by covered participants it is Horizon Hobby Retirement Plan in IL (454 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (454 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 National Bank 401(k) Retirement Savings Plan assets move in 2023? ▼
Farmers National Bank 401(k) Retirement Savings Plan grew sharply - up 18.0% during 2023, from $51M to $60M. Reported net income was $9M.
How have Farmers National Bank of Canfield plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farmers National Bank of Canfield's sponsor-wide assets grew 19.6%, from $51M to $61M.
Where does Farmers National Bank 401(k) Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Farmers National Bank 401(k) Retirement Savings Plan ranks in the 87th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Farmers National Bank 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Softchoice Corporation 401(k) Plan in IL ($60M, 502 participants).
Which 401(k) plans cover a similar participant headcount to Farmers National Bank 401(k) Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Horizon Hobby Retirement Plan in IL (454 participants, $50M 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 340214400.

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.