Profit Sharing · DOL Form 5500 · 2024

Farmers State Bank of Parkston Profit Sharing Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
32
Participants Small participant base
57th
Percentile by assets National rank
$336,087
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Farmers State Bank of Parkston Profit-Sharing Plan · Sponsored by Farmers State Bank of Parkston · South Dakota · Finance & Insurance

$11M in assets, 32 participants

Farmers State Bank of Parkston's Farmers State Bank of Parkston Profit-Sharing Plan reported $11M in total assets and 32 participants in its 2024 DOL Form 5500 filing, ranking in the 57th 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.

  • #3,524 in Finance & Insurance (8,549 peers)

Farmers State Bank of Parkston multi-year trail

Farmers State Bank of Parkston's plans moved +26.2% in assets from 2022 to 2024; this filing shows Farmers State Bank of Parkston Profit-Sharing Plan at $11M / 32 participants.

#3,524
in Finance & Insurance (8,549 peers)
+12.0%
assets growth YoY

Farmers State Bank of Parkston Profit-Sharing Plan's mid-pack asset rank among Finance & Insurance and all filers

Farmers State Bank of Parkston Profit-Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$10,754,773 Top 43% higher than 57% of 123,620 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 2024

Farmers State Bank of Parkston Profit-Sharing Plan among smaller filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Farmers State Bank of Parkston Profit-Sharing Plan is a small filing (32 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Farmers State Bank of Parkston Profit-Sharing Plan end-of-year assets rose from $10M in the plan year 2023 filing to $11M in the plan year 2024 filing.
  • Farmers State Bank of Parkston Profit-Sharing Plan reported net income rose from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
  • Farmers State Bank of Parkston Profit-Sharing Plan reported participants fell from 34 in the plan year 2023 filing to 32 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 466013331 · Farmers State Bank of Parkston PY 2024 · Profit Sharing

Farmers State Bank of Parkston Profit-Sharing Plan · $11M · 32 · 57th

  • VS-ST $11M
  • BOY 32
  • SCH 57th
  • EBSA Profit Sharing
  • PART near Duplin Wine Cellars, Inc 401(k) Plan
  • TYPE ind #3524

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 South Dakota →

Farmers State Bank of Parkston Profit-Sharing Plan in the asset neighbourhood

New View Alliance Savings PlanNew View Alliance Savings Pl…$11MDuplin Wine Cellars, Inc 401(k) PlanDuplin Wine Cellars, Inc 401…$11ML.P. Transportation, Inc. 401(k) Profit Sharing Plan and TrustL.P. Transportation, Inc. 40…$11MFarmers State Bank of Parkston Profit-Sharing PlanFarmers State Bank of Parkst…$11MSun Coast Homes, Inc. Profit Sharing PlanSun Coast Homes, Inc. Profit…$11M
End-of-year total assets ($M) among Farmers State Bank of Parkston Profit-Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Farmers State Bank of Parkston multi-year asset trail

Sponsor-wide plan assets over time

All Farmers State Bank of Parkston plans reported in each filing year

Latest sponsor-wide plan assets
$11M 26.22322629150916% vs 2022
2024 filing year
$8M$9M$10M$11M 202220232024 $8.52M $10.8M ▲ +26.2%
Year Plans Participants Total Assets
2022 1 32 $9M
2023 1 34 $10M
2024 1 32 $11M

Farmers State Bank of Parkston filing trail (2024)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$11M
Net Income$1M
Employer EIN466013331
Plan Effective Date1972-06-15
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in South Dakota

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Farmers State Bank of Parkston Profit-Sharing Plan vs. nearby Profit Sharing plans in South Dakota, assets vs. participants Scatter plot of 6 data points. -1000100200300400 0510152025 Total assets ($M) Participants Farmers State Bank of Parkston Profit-Sharing Plan, Total assets ($M): 10.754773 · Participants: 32Farmers State Bank of Parkston Profit-Sharing PlanValley Queen Company Stock Profit Sharing Plan and Trust, Total assets ($M): 22.9705 · Participants: 372Valley Queen Company Stock Profit Sharing Plan and TrustGpac, LLC 401(k) Plan, Total assets ($M): 22.271465 · Participants: 376Gpac, LLC 401(k) PlanHuron Area Center for Independence 403(b) Plan, Total assets ($M): 16.189152 · Participants: 222Huron Area Center for Independence 403(b) PlanTower Systems, Inc. Profit Sharing Plan, Total assets ($M): 4.714612 · Participants: 33Tower Systems, Inc. Profit Sharing PlanShk Holdings Inc. Retirement Plan, Total assets ($M): 2.500795 · Participants: 16Shk Holdings Inc. Retirement Plan
Farmers State Bank of Parkston Profit-Sharing Plan vs. nearby Profit Sharing plans in South Dakota, assets vs. participants
Compare Farmers State Bank of Parkston Profit-Sharing Plan side-by-side with 3 peers →

Farmers State Bank of Parkston Profit-Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside South Dakota, the nearest Profit Sharing by assets is Duplin Wine Cellars, Inc 401(k) Plan in NC ($11M); by covered participants it is Perfect Choice Manufacturers Inc. Retirement Plan in CA (32 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (32 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Farmers State Bank of Parkston Profit-Sharing Plan assets move in 2024? ▼
Farmers State Bank of Parkston Profit-Sharing Plan grew at a solid clip - up 12.0% during 2024, from $10M to $11M. Reported net income was $1M.
How have Farmers State Bank of Parkston plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farmers State Bank of Parkston's sponsor-wide assets grew 26.2%, from $9M to $11M.
Which Profit Sharing plans are similar in size to Farmers State Bank of Parkston Profit-Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Duplin Wine Cellars, Inc 401(k) Plan in NC ($11M, 169 participants).
Which Profit Sharing plans cover a similar participant headcount to Farmers State Bank of Parkston Profit-Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Perfect Choice Manufacturers Inc. Retirement Plan in CA (32 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 466013331.

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.