401(k) · DOL Form 5500 · 2023

The Farmers Bank 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
150
Participants Small participant base
72nd
Percentile by assets National rank
$125,732
Avg per participant Near avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Farmers Bank 401(k) Savings Plan · Sponsored by The Farmers Bank · Indiana · Finance & Insurance

$19M in assets, 150 participants

The Farmers Bank's Farmers Bank 401(k) Savings Plan reported $19M in total assets and 150 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #5,127 in Finance & Insurance (8,869 peers)

Coverage in Indiana

Farmers Bank 401(k) Savings Plan covers 150 participants in Indiana, about 28% of the average Indiana filer (state average ~541 per filing). Assets: $19M.

#5,127
in Finance & Insurance (8,869 peers)
+14.1%
assets growth YoY

Farmers Bank 401(k) Savings Plan's outsized position by total assets

Farmers Bank 401(k) Savings Plan vs every filed plan by assets

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

$18,859,848 Top 28% higher than 72% 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 Bank 401(k) Savings 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 Bank 401(k) Savings Plan sits mid-pack in the medium band (150 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Farmers Bank 401(k) Savings Plan end-of-year assets rose from $17M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • Farmers Bank 401(k) Savings Plan reported participants rose from 135 in the plan year 2022 filing to 150 in the plan year 2023 filing.
  • Farmers Bank 401(k) Savings Plan reported net income fell from $3M in the plan year 2022 filing to $2M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 350302320 · The Farmers Bank PY 2023 · 401(k)

Farmers Bank 401(k) Savings Plan · $19M · 150 · 72nd

  • VS-ST $19M
  • BOY 150
  • SCH 72nd
  • EBSA 401(k)
  • PART near Savion LLC 401(k) Retirement Plan
  • TYPE ind #5127

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 Indiana →

Farmers Bank 401(k) Savings Plan in the asset neighbourhood

Farmers Bank 401(k) Savings PlanFarmers Bank 401(k) Savings …$19MSavion LLC 401(k) Retirement PlanSavion LLC 401(k) Retirement…$19MWoodhaven Lumber & Millwork, Inc. 401(k) Profit Sharing PlanWoodhaven Lumber & Millwork,…$19MCobalt Benefits Group, LLC 401(k) PlanCobalt Benefits Group, LLC 4…$19MTrade Center Management Associates 401(k) PlanTrade Center Management Asso…$19M
End-of-year total assets ($M) among Farmers Bank 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Indiana filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$19M
Net Income$2M
Employer EIN350302320
Plan Effective Date1989-07-01
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
$20M 18.360697236171028% vs 2022
2024 filing year
$16M$17M$18M$19M$20M 202220232024 $16.5M $19.6M ▲ +18.3%
Year Plans Participants Total Assets
2022 1 135 $17M
2023 1 150 $19M
2024 1 149 $20M

Nearby 401(k) Plans in Indiana

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

Farmers Bank 401(k) Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -5051015 Total assets ($B) Participants Farmers Bank 401(k) Savings Plan, Total assets ($B): 0.018859848 · Participants: 150Farmers Bank 401(k) Savings PlanThe Lilly Employee 401(k) Plan, Total assets ($B): 11.133214731 · Participants: 17583The Lilly Employee 401(k) PlanElevance Health 401(k) Plan, Total assets ($B): 11.042395257 · Participants: 76590Elevance Health 401(k) PlanCummins Retirement and Savings Plan, Total assets ($B): 5.730057183 · Participants: 28381Cummins Retirement and Savings PlanIu Health 401(k) Savings Plan, Total assets ($B): 3.907792365 · Participants: 38575Iu Health 401(k) Savings PlanSteel Dynamics, Inc. Profit Sharing and Retirement Savings Plan, Total assets ($B): 2.573079703 · Participants: 9015Steel Dynamics, Inc. Profit Sharing and Retirement Savings Plan
Farmers Bank 401(k) Savings Plan vs. nearby 401(k) plans in Indiana, assets vs. participants
Compare Farmers Bank 401(k) Savings Plan side-by-side with 3 peers →

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

Outside Indiana, the nearest 401(k) by assets is Savion LLC 401(k) Retirement Plan in MO ($19M); by covered participants it is San Pedro Fish Markets 401(k) Profit Sharing Plan & Trust in CA (150 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (150 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 Bank 401(k) Savings Plan assets move in 2023? ▼
Farmers Bank 401(k) Savings Plan grew at a solid clip - up 14.1% during 2023, from $17M to $19M. 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 18.4%, from $17M to $20M.
Which 401(k) plans are similar in size to Farmers Bank 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Savion LLC 401(k) Retirement Plan in MO ($19M, 134 participants).
Which 401(k) plans cover a similar participant headcount to Farmers Bank 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is San Pedro Fish Markets 401(k) Profit Sharing Plan & Trust in CA (150 participants, $867K 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 350302320.

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.