Profit Sharing · DOL Form 5500 · 2023
First Farmers & Merchants Bank Profit Sharing Plan
Data updated 2026-08-11
- $28M
- Total assets
- 201
- Participants
- 78th
- Percentile by assets
- $138,046
- Avg per participant
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.
- 78th percentile by assets (of 127,072 plans)
- #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.
- $28M
- total plan assets (2023 EOY)
- 201
- covered participants
- 78th
- percentile by assets (of 127,072 plans)
- $138,046
- avg assets per participant
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.
Participants vs Tennessee filers
In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. First Farmers & Merchants Bank Profit Sharing Plan reports 201 participants - about 18% of that state average ($28M EOY assets).
Tennessee filing particulars
| Total Assets (Beginning of Year) | $27M |
|---|---|
| Net Assets (End of Year) | $28M |
| Net Income | $1M |
| Employer EIN | 620198110 |
| Plan Effective Date | 1959-12-31 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (First Farmers & Merchants Bank)
| 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
- Ballad Health 401(a) Plan $478M · 5,420
- Shreveport Electrical Industry Profit Sharing Plan $88M · 494
- New Orleans Electrical Annuity Plan $77M · 1,475
- Ulps Employee Savings Plan $67M · 237
- Gerber/Taylor Capital Advisors Profit Sharing Plan $46M · 40
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to First Farmers & Merchants Bank Profit Sharing Plan by total assets, not by location.
Frequently Asked Questions
How did First Farmers & Merchants Bank Profit Sharing Plan assets move in 2023? ▼
How have First Farmers & Merchants Bank plan assets changed over time? ▼
Where does First Farmers & Merchants Bank Profit Sharing Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on First Farmers & Merchants Bank Profit Sharing Plan's numbers.
- By total assets, First Farmers & Merchants Bank Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Tennessee. Compare plans
- First Farmers & Merchants Bank's sponsor-wide assets have grown 8.3% since 2022 across 3 plan years on file. More Finance & Insurance plans