401(k) · DOL Form 5500 · 2023

Farmers State Bank 401(k) Plan

Data updated 2026-08-25

$23M
Total assets Small plan by assets
121
Participants Small participant base
75th
Percentile by assets National rank
$191,543
Avg per participant Above avg balance/head
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Official DOL plan name: Farmers State Bank 401(k) Profit Sharing Plan · Sponsored by Farmers State Bank · Iowa · Management of Enterprises

$23M in assets, 121 participants

Farmers State Bank's Farmers State Bank 401(k) Profit Sharing Plan reported $23M in total assets and 121 participants in its 2023 DOL Form 5500 filing, ranking in the 75th 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.

  • #622 in Management of Enterprises (1,137 peers)

Coverage in Iowa

Farmers State Bank 401(k) Profit Sharing Plan covers 121 participants in Iowa, about 20% of the average Iowa filer (state average ~609 per filing). Assets: $23M.

#622
in Management of Enterprises (1,137 peers)
+35.7%
assets growth YoY
0.2×
vs typical plan assets (national mean)

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

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

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

$23,176,758 Top 25% higher than 75% 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 401(k) 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. Farmers State Bank 401(k) Profit Sharing Plan sits mid-pack in the medium band (121 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Farmers State Bank 401(k) Profit Sharing Plan reported net income rose from -$3M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Farmers State Bank 401(k) Profit Sharing Plan end-of-year assets rose from $17M in the plan year 2022 filing to $23M in the plan year 2023 filing.
  • Farmers State Bank 401(k) Profit Sharing Plan reported participants rose from 107 in the plan year 2022 filing to 121 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 420247200 · Farmers State Bank PY 2023 · 401(k)

Farmers State Bank 401(k) Profit Sharing Plan · $23M · 121 · 75th

  • EIN $23M
  • EIN 121
  • EIN 75th
  • EIN 401(k)
  • EIN near Oradell Animal Hospital, Inc. Profit Sharing Plan
  • EIN ind #622

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 Management of Enterprises retirement plans → · Plans in Iowa →

Farmers State Bank 401(k) Profit Sharing Plan in the asset neighbourhood

Farmers State Bank 401(k) Profit Sharing PlanFarmers State Bank 401(k) Pr…$23MOradell Animal Hospital, Inc. Profit Sharing PlanOradell Animal Hospital, Inc…$23MAtlantic Constructors, Inc. 401(k) PlanAtlantic Constructors, Inc. …$23MCircle Graphics 401(k) Plan$23MSonnick Partners LLC 401(k) Retirement PlanSonnick Partners LLC 401(k) …$23M
End-of-year total assets ($M) among Farmers State Bank 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Iowa filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$23M
Net Income$6M
Employer EIN420247200
Plan Effective Date2002-01-01
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
$29M 68.8643089528506% vs 2022
2024 filing year
$15M$20M$25M$30M$35M 202220232024 $17.1M $28.8M ▲ +68.9%
Year Plans Participants Total Assets
2022 1 107 $17M
2023 1 121 $23M
2024 1 112 $29M

Nearby 401(k) Plans in Iowa

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

Farmers State Bank 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Farmers State Bank 401(k) Profit Sharing Plan, Total assets ($B): 0.023176758 · Participants: 121Farmers State Bank 401(k) Profit Sharing PlanThe 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 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Farmers State Bank 401(k) Profit Sharing Plan side-by-side with 3 peers →

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

Outside Iowa, the nearest 401(k) by assets is Oradell Animal Hospital, Inc. Profit Sharing Plan in NJ ($23M); by covered participants it is Redwood School & Rehabilitation Center, Inc. 401(k) Plan in OH (121 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($23M here).

Similar participant headcount

Nearest other-state filings by covered participants (121 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 401(k) Profit Sharing Plan assets move in 2023? ▼
Farmers State Bank 401(k) Profit Sharing Plan surged - up 35.7% during 2023, from $17M to $23M. Reported net income was $6M.
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 68.9%, from $17M to $29M.
Where does Farmers State Bank 401(k) Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Farmers State Bank 401(k) Profit Sharing Plan ranks in the 75th 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 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Oradell Animal Hospital, Inc. Profit Sharing Plan in NJ ($23M, 323 participants).
Which 401(k) plans cover a similar participant headcount to Farmers State Bank 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Redwood School & Rehabilitation Center, Inc. 401(k) Plan in OH (121 participants, N/A 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 420247200.

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.