401(k)
2023 plan-year 401(k) DOL Form 5500

First & Farmers National Bank, Inc. 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by First & Farmers National Bank, Inc. · Kentucky · Finance & Insurance

What the 2023 filing shows

First & Farmers National Bank, Inc. 401(k) Plan holds $12M for 129 participants — about $93,665 per participant, up 13.4% over the 2023 plan year.

$12M
total plan assets (2023 EOY)
129
covered participants
$93,665
avg assets per participant
+13.4%
assets growth YoY
Total Assets (2023)
$12M
Participants
129
State
Industry
Finance & Insurance

What the Filing Says About First & Farmers National Bank, Inc. 401(k) Plan

First & Farmers National Bank, Inc. 401(k) Plan is a 401(k) retirement plan sponsored by First & Farmers National Bank, Inc., headquartered in Kentucky. As of the 2023 Form 5500 filing, the plan reports $12M in total end-of-year assets and covers 129 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 261180737, and the plan has been effective since 1996-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $11M at the beginning of 2023 to $12M at year-end — a gain of 13.4%. Net assets (after liabilities) closed the year at $12M, with reported net income of $1M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$11M
Total Assets (End of Year)$12M
Net Assets (End of Year)$12M
Net Income$1M
Plan Type401(k)
Employer EIN261180737
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First & Farmers National Bank, Inc.)

Year Plans Participants Total Assets
2022 1 122 $11M
2023 1 129 $12M
2024 1 114 $13M

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Frequently Asked Questions

How much money is in the First & Farmers National Bank, Inc. 401(k) Plan?
As of the 2023 Form 5500 filing, First & Farmers National Bank, Inc. 401(k) Plan holds $12M in total assets with 129 participants. It is sponsored by First & Farmers National Bank, Inc..
What type of plan is First & Farmers National Bank, Inc. 401(k) Plan?
First & Farmers National Bank, Inc. 401(k) Plan is a 401(k) plan. It has been effective since 1996-01-01. The plan is filed with the U.S. Department of Labor under EIN 261180737.
Who sponsors the First & Farmers National Bank, Inc. 401(k) Plan?
First & Farmers National Bank, Inc. 401(k) Plan is sponsored by First & Farmers National Bank, Inc., located in Kentucky. The sponsor's EIN is 261180737 and the plan operates in the Finance & Insurance industry.
How did First & Farmers National Bank, Inc. 401(k) Plan perform in 2023?
First & Farmers National Bank, Inc. 401(k) Plan grew by 13.4% during 2023, moving from $11M to $12M in total assets. Net income was $1M.
Where can I find official filings for First & Farmers National Bank, Inc. 401(k) Plan?
Official Form 5500 filings for First & Farmers National Bank, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 261180737 or plan name at efast.dol.gov.
How does First & Farmers National Bank, Inc. 401(k) Plan compare to other plans?
You can compare First & Farmers National Bank, Inc. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in Kentucky on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 261180737.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.