401(k) · DOL Form 5500 · 2023

F&m Financial Corporation 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
128
Participants Small participant base
72nd
Percentile by assets National rank
$150,304
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: F&m Financial Corporation 401(k) Plan · Sponsored by F&m Financial Corporation · North Carolina · Finance & Insurance

$19M in assets, 128 participants

F&m Financial Corporation's F&m Financial Corporation 401(k) Plan reported $19M in total assets and 128 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.

  • #5,167 in Finance & Insurance (8,869 peers)

Coverage in North Carolina

F&m Financial Corporation 401(k) Plan covers 128 participants in North Carolina, about 16% of the average North Carolina filer (state average ~819 per filing). Assets: $19M.

#5,167
in Finance & Insurance (8,869 peers)
+23.5%
assets growth YoY

F&m Financial Corporation 401(k) Plan's outsized position by total assets

F&m Financial Corporation 401(k) Plan vs every filed plan by assets

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

$19,238,849 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

F&m Financial Corporation 401(k) 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. F&m Financial Corporation 401(k) Plan sits mid-pack in the medium band (128 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • F&m Financial Corporation 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • F&m Financial Corporation 401(k) Plan end-of-year assets rose from $16M in the plan year 2022 filing to $19M in the plan year 2023 filing.
  • F&m Financial Corporation 401(k) Plan reported participants fell from 130 in the plan year 2022 filing to 128 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 561439958 · F&m Financial Corporation PY 2023 · 401(k)

F&m Financial Corporation 401(k) Plan · $19M · 128 · 72nd

  • PART $19M
  • PART 128
  • PART 72nd
  • PART 401(k)
  • PART near Phillips Companies 401(k) Profit Sharing Plan
  • PART ind #5167

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 North Carolina →

F&m Financial Corporation 401(k) Plan in the asset neighbourhood

F&m Financial Corporation 401(k) PlanF&m Financial Corporation 40…$19MPhillips Companies 401(k) Profit Sharing PlanPhillips Companies 401(k) Pr…$19MGanz U.S.a. LLC 401(k) Plan$19MLongwood Pediatrics Profit Sharing PlanLongwood Pediatrics Profit S…$19MBtg International Inc. Profit Sharing 401(k) PlanBtg International Inc. Profi…$19M
End-of-year total assets ($M) among F&m Financial Corporation 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$19M
Net Income$4M
Employer EIN561439958
Plan Effective Date2019-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (F&m Financial Corporation)

Sponsor-wide plan assets over time

All F&m Financial Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$22M 39.6714366503635% vs 2022
2024 filing year
$14M$16M$18M$20M$22M$24M 202220232024 $15.6M $21.8M ▲ +39.7%
Year Plans Participants Total Assets
2022 1 130 $16M
2023 1 128 $19M
2024 1 131 $22M

Nearby 401(k) Plans in North Carolina

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

F&m Financial Corporation 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants F&m Financial Corporation 401(k) Plan, Total assets ($B): 0.019238849 · Participants: 128F&m Financial Corporation 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
F&m Financial Corporation 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare F&m Financial Corporation 401(k) Plan side-by-side with 3 peers →

F&m Financial Corporation 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Phillips Companies 401(k) Profit Sharing Plan in OH ($19M); by covered participants it is Powervac of Michigan, LLC 401(k) Profit Sharing Plan & Trust in MI (128 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (128 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 F&m Financial Corporation 401(k) Plan assets move in 2023? ▼
F&m Financial Corporation 401(k) Plan grew sharply - up 23.5% during 2023, from $16M to $19M. Reported net income was $4M.
How have F&m Financial Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), F&m Financial Corporation's sponsor-wide assets grew 39.7%, from $16M to $22M.
Which 401(k) plans are similar in size to F&m Financial Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Phillips Companies 401(k) Profit Sharing Plan in OH ($19M, 84 participants).
Which 401(k) plans cover a similar participant headcount to F&m Financial Corporation 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Powervac of Michigan, LLC 401(k) Profit Sharing Plan & Trust in MI (128 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 561439958.

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.