Profit Sharing · DOL Form 5500 · 2023

First Farmers & Merchants Bank Profit Sharing Plan

Data updated 2026-08-25

$28M
Total assets Below avg plan size
201
Participants Below avg headcount
78th
Percentile by assets National rank
$138,046
Avg per participant Near avg balance/head
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Official DOL plan name: First Farmers & Merchants Bank Profit Sharing Plan · Sponsored by First Farmers & Merchants Bank · Tennessee · Finance & Insurance

$28M in assets, 201 participants

First Farmers & Merchants Bank's First Farmers & Merchants Bank Profit Sharing Plan reported $28M in total assets and 201 participants in its 2023 DOL Form 5500 filing, ranking in the 78th 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.

  • #5,902 in Finance & Insurance (8,869 peers)

Coverage in Tennessee

First Farmers & Merchants Bank Profit Sharing Plan covers 201 participants in Tennessee, about 18% of the average Tennessee filer (state average ~1,126 per filing). Assets: $28M.

#5,902
in Finance & Insurance (8,869 peers)
+4.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

First Farmers & Merchants Bank Profit Sharing Plan's outsized position by total assets

First Farmers & Merchants Bank Profit Sharing Plan vs every filed plan by assets

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

$27,747,217 Top 22% higher than 78% 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

First Farmers & Merchants Bank Profit Sharing 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. First Farmers & Merchants Bank Profit Sharing Plan sits mid-pack in the medium band (201 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Farmers & Merchants Bank Profit Sharing Plan reported net income rose from -$4M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • First Farmers & Merchants Bank Profit Sharing Plan reported participants fell from 212 in the plan year 2022 filing to 201 in the plan year 2023 filing.
  • First Farmers & Merchants Bank Profit Sharing Plan end-of-year assets rose from $27M in the plan year 2022 filing to $28M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 620198110 · First Farmers & Merchants Bank PY 2023 · Profit Sharing

First Farmers & Merchants Bank Profit Sharing Plan · $28M · 201 · 78th

  • EIN $28M
  • EIN 201
  • EIN 78th
  • EIN Profit Sharing
  • EIN near Plan De Retiro 1081.01(D) Del Hospital General Menonita
  • EIN ind #5902

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 Tennessee →

First Farmers & Merchants Bank Profit Sharing Plan in the asset neighbourhood

Francis Manufacturing Company Employees Profit Sharing PlanFrancis Manufacturing Compan…$28MFirst Farmers & Merchants Bank Profit Sharing PlanFirst Farmers & Merchants Ba…$28MPlan De Retiro 1081.01(D) Del Hospital General MenonitaPlan De Retiro 1081.01(D) De…$28MReit Management Corp. Profit Sharing PlanReit Management Corp. Profit…$28MBurr and Burton Academy 403(b)PlanBurr and Burton Academy 403(…$28M
End-of-year total assets ($M) among First Farmers & Merchants Bank Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$28M
Net Income$1M
Employer EIN620198110
Plan Effective Date1959-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (First Farmers & Merchants Bank)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$29M 8.310432966486438% vs 2022
2024 filing year
$26M$27M$28M$29M 202220232024 $26.5M $28.7M ▲ +8.3%
Year Plans Participants Total Assets
2022 1 212 $27M
2023 1 201 $28M
2024 1 197 $29M

Nearby Profit Sharing Plans in Tennessee

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

First Farmers & Merchants Bank Profit Sharing Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -20000200040006000 0100200300400500600 Total assets ($M) Participants First Farmers & Merchants Bank Profit Sharing Plan, Total assets ($M): 27.747217 · Participants: 201First Farmers & Merchants Bank Profit Sharing PlanBallad Health 401(a) Plan, Total assets ($M): 478.135258 · Participants: 5420Ballad Health 401(a) PlanShreveport Electrical Industry Profit Sharing Plan, Total assets ($M): 87.734816 · Participants: 494Shreveport Electrical Industry Profit Sharing PlanNew Orleans Electrical Annuity Plan, Total assets ($M): 77.298273 · Participants: 1475New Orleans Electrical Annuity PlanUlps Employee Savings Plan, Total assets ($M): 66.606114 · Participants: 237Ulps Employee Savings PlanGerber/Taylor Capital Advisors Profit Sharing Plan, Total assets ($M): 45.840819 · Participants: 40Gerber/Taylor Capital Advisors Profit Sharing Plan
First Farmers & Merchants Bank Profit Sharing Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants
Compare First Farmers & Merchants Bank Profit Sharing Plan side-by-side with 3 peers →

First Farmers & Merchants Bank Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Tennessee, the nearest Profit Sharing by assets is Plan De Retiro 1081.01(D) Del Hospital General Menonita in PR ($28M); by covered participants it is Gursey Schneider LLP Retirement Savings Plan in CA (201 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (201 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 First Farmers & Merchants Bank Profit Sharing Plan assets move in 2023? ▼
First Farmers & Merchants Bank Profit Sharing Plan edged up modestly - up 4.6% during 2023, from $27M to $28M. Reported net income was $1M.
How have First Farmers & Merchants Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First Farmers & Merchants Bank's sponsor-wide assets grew 8.3%, from $27M to $29M.
Where does First Farmers & Merchants Bank Profit Sharing Plan rank by assets among Form 5500 filers? ▼
First Farmers & Merchants Bank Profit Sharing Plan ranks in the 78th 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 Profit Sharing plans are similar in size to First Farmers & Merchants Bank Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Plan De Retiro 1081.01(D) Del Hospital General Menonita in PR ($28M, 4,610 participants).
Which Profit Sharing plans cover a similar participant headcount to First Farmers & Merchants Bank Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Gursey Schneider LLP Retirement Savings Plan in CA (201 participants, $23M 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 620198110.

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.