401(k) · DOL Form 5500 · 2023

Farmers State Bank 401(k) Plan

Data updated 2026-08-25

$37M
Total assets Below avg plan size
157
Participants Small participant base
82nd
Percentile by assets National rank
$233,706
Avg per participant Above avg balance/head
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Official DOL plan name: Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust · Sponsored by Farmers State Bank · Iowa · Finance & Insurance

$37M in assets, 157 participants

Farmers State Bank's Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust reported $37M in total assets and 157 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

  • #6,428 in Finance & Insurance (8,869 peers)

Coverage in Iowa

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust covers 157 participants in Iowa, about 26% of the average Iowa filer (state average ~609 per filing). Assets: $37M.

#6,428
in Finance & Insurance (8,869 peers)
+12.2%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust's outsized position by total assets

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$36,691,806 Top 18% higher than 82% 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 State Bank Employees' 401(k) Profit Sharing Plan & Trust 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 State Bank Employees' 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (157 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust reported net income rose from -$6M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $33M in the plan year 2022 filing to $37M in the plan year 2023 filing.
  • Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust reported participants rose from 148 in the plan year 2022 filing to 157 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 420109590 · Farmers State Bank PY 2023 · 401(k)

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust · $37M · 157 · 82nd

  • PHOTO $37M
  • PHOTO 157
  • PHOTO 82nd
  • PHOTO 401(k)
  • PHOTO near Sigma Defense 401(k) Plan
  • PHOTO ind #6428

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 Iowa →

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Sigma Defense 401(k) Plan$37MFarmers State Bank Employees' 401(k) Profit Sharing Plan & TrustFarmers State Bank Employees…$37MResidential Management Group, LLC 401(k) Retirement Savings PlanResidential Management Group…$37MVanguard Truck Holdings, LLC 401(k) PlanVanguard Truck Holdings, LLC…$37MDickinson County Healthcare System 401(k) PlanDickinson County Healthcare …$37M
End-of-year total assets ($M) among Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$33M
Net Assets (End of Year)$37M
Net Income$4M
Employer EIN420109590
Plan Effective Date1956-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Farmers State Bank)

Sponsor-wide plan assets over time

All Farmers State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$39M 20.71035009569555% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $32.7M $39.5M ▲ +20.7%
Year Plans Participants Total Assets
2022 1 148 $33M
2023 1 157 $37M
2024 1 150 $39M

Nearby 401(k) Plans in Iowa

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

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.036691806 · Participants: 157Farmers State Bank Employees' 401(k) Profit Sharing Plan & TrustThe Principal Select Savings Plan, Total assets ($B): 4.134174305 · Participants: 12827The Principal Select Savings PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 2.955731563 · Participants: 28959Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 2.941182172 · Participants: 56181The Hy-Vee and Affiliates 401(k) PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 2.890404508 · Participants: 14720The Rsm US LLP Retirement PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.425600114 · Participants: 6999Transamerica 401(k) Retirement Savings Plan
Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Sigma Defense 401(k) Plan in CA ($37M); by covered participants it is Atticus Bakery, LLC 401(k) Profit Sharing Plan in CT (157 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (157 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 State Bank Employees' 401(k) Profit Sharing Plan & Trust assets move in 2023? ▼
Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust grew at a solid clip - up 12.2% during 2023, from $33M to $37M. Reported net income was $4M.
How have Farmers State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farmers State Bank's sponsor-wide assets grew 20.7%, from $33M to $39M.
Where does Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust rank by assets among Form 5500 filers? ▼
Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust ranks in the 82nd 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 State Bank Employees' 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Sigma Defense 401(k) Plan in CA ($37M, 375 participants).
Which 401(k) plans cover a similar participant headcount to Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Atticus Bakery, LLC 401(k) Profit Sharing Plan in CT (157 participants, $3M 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 420109590.

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.