Defined Benefit (Pension) · DOL Form 5500 · 2023

The Farmers Bank Pension Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
139
Participants Small participant base
66th
Percentile by assets National rank
$103,654
Avg per participant Below avg balance/head
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Official DOL plan name: The Farmers Bank Defined Benefit Pension Plan · Sponsored by The Farmers Bank · Tennessee · Finance & Insurance

$14M in assets, 139 participants

The Farmers Bank's The Farmers Bank Defined Benefit Pension Plan reported $14M in total assets and 139 participants in its 2023 DOL Form 5500 filing, ranking in the 66th 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.

  • #4,567 in Finance & Insurance (8,869 peers)

Coverage in Tennessee

The Farmers Bank Defined Benefit Pension Plan covers 139 participants in Tennessee, about 12% of the average Tennessee filer (state average ~1,126 per filing). Assets: $14M.

#4,567
in Finance & Insurance (8,869 peers)
+17.2%
assets growth YoY

The Farmers Bank Defined Benefit Pension Plan's mid-pack asset rank among Finance & Insurance and all filers

The Farmers Bank Defined Benefit Pension Plan vs every filed plan by assets

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

$14,407,904 Top 34% higher than 66% 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

The Farmers Bank Defined Benefit Pension 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. The Farmers Bank Defined Benefit Pension Plan sits mid-pack in the medium band (139 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Farmers Bank Defined Benefit Pension Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • The Farmers Bank Defined Benefit Pension Plan end-of-year assets rose from $12M in the plan year 2022 filing to $14M in the plan year 2023 filing.
  • The Farmers Bank Defined Benefit Pension Plan reported participants rose from 135 in the plan year 2022 filing to 139 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 620197640 · The Farmers Bank PY 2023 · Defined Benefit (Pension)

The Farmers Bank Defined Benefit Pension Plan · $14M · 139 · 66th

  • IND $14M
  • IND 139
  • IND 66th
  • IND Defined Benefit (Pension)
  • IND near The Ertl Company Retirement Plan for Hourly Employees
  • IND ind #4567

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 →

The Farmers Bank Defined Benefit Pension Plan in the asset neighbourhood

Retirement Plan for Salaried Employees of Cotter CorporationRetirement Plan for Salaried…$14MThe Hoover, Inc. Retirement Plan for Certain Union EmployeesThe Hoover, Inc. Retirement …$14MThe Farmers Bank Defined Benefit Pension PlanThe Farmers Bank Defined Ben…$14MThe Ertl Company Retirement Plan for Hourly EmployeesThe Ertl Company Retirement …$14MSouth Florida Pbs, Inc. Retirement PlanSouth Florida Pbs, Inc. Reti…$14M
End-of-year total assets ($M) among The Farmers Bank Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Tennessee filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN620197640
Plan Effective Date1973-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Farmers Bank)

Sponsor-wide plan assets over time

All The Farmers Bank plans reported in each filing year

Latest sponsor-wide plan assets
$33M 30.432726428937617% vs 2022
2024 filing year
$20M$25M$30M$35M 202220232024 $25M $32.6M ▲ +30.4%
Year Plans Participants Total Assets
2022 2 287 $25M
2023 2 291 $30M
2024 2 299 $33M

Nearby Defined Benefit (Pension) Plans in Tennessee

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The Farmers Bank Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants The Farmers Bank Defined Benefit Pension Plan, Total assets ($B): 0.014407904 · Participants: 139The Farmers Bank Defined Benefit Pension PlanFedex Corporation Employees' Pension Plan, Total assets ($B): 26.580798454 · Participants: 139031Fedex Corporation Employees' Pension PlanRetirement Plan of International Paper Company, Total assets ($B): 8.836549756 · Participants: 20164Retirement Plan of International Paper CompanyPace Industry Union-Management Pension Fund, Total assets ($B): 2.707920528 · Participants: 3192Pace Industry Union-Management Pension FundPension Plan for Employees at Ornl, Total assets ($B): 2.456364769 · Participants: 5801Pension Plan for Employees at OrnlRetirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee, Total assets ($B): 2.074583545 · Participants: 2710Retirement Program Plan for Employees of Consolidated Nuclear Security, LLC at the U.S. Department of Energy at Oak Ridge, Tennessee
The Farmers Bank Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants
Compare The Farmers Bank Defined Benefit Pension Plan side-by-side with 3 peers →

The Farmers Bank Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Tennessee, the nearest Defined Benefit (Pension) by assets is The Ertl Company Retirement Plan for Hourly Employees in IL ($14M); by covered participants it is Taylor Morrison Cash Balance Pension Plan in AZ (139 participants). Same-state nearby plans are listed separately above.

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 The Farmers Bank Defined Benefit Pension Plan assets move in 2023? ▼
The Farmers Bank Defined Benefit Pension Plan grew sharply - up 17.2% during 2023, from $12M to $14M. Reported net income was $2M.
How have The Farmers Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Farmers Bank's sponsor-wide assets grew 30.4%, from $25M to $33M.
Which Defined Benefit (Pension) plans are similar in size to The Farmers Bank Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Ertl Company Retirement Plan for Hourly Employees in IL ($14M, 15 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to The Farmers Bank Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Taylor Morrison Cash Balance Pension Plan in AZ (139 participants, $25M 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 620197640.

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.