Profit Sharing · DOL Form 5500 · 2024

First Farmers & Merchants Bank Profit Sharing Plan

Data updated 2026-07-24

$29M
Total assets: 197
Participants: 77th
Percentile by assets: $145,856
Avg per participant

Official DOL plan name: First Farmers & Merchants Bank Profit Sharing Plan · Sponsored by First Farmers & Merchants Bank · Tennessee · Finance & Insurance

$29M in assets, 197 participants

First Farmers & Merchants Bank's First Farmers & Merchants Bank Profit Sharing Plan reported $29M in total assets and 197 participants in its 2024 DOL Form 5500 filing, ranking in the 77th 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.

77th percentile by assets (of 116,472 plans)

Coverage in Tennessee

First Farmers & Merchants Bank Profit Sharing Plan covers 197 participants in Tennessee, about 18% of the average Tennessee filer (state average ~1,122 per filing). Assets: $29M.

$29M
total plan assets (2024 EOY): 197
covered participants: 77th
percentile by assets (of 116,472 plans): $145,856
avg assets per participant

First Farmers & Merchants Bank Profit Sharing Plan reported net income fell from $1M in the plan year 2023 filing to $987K in the plan year 2024 filing.
First Farmers & Merchants Bank Profit Sharing Plan end-of-year assets rose from $28M in the plan year 2023 filing to $29M in the plan year 2024 filing.
First Farmers & Merchants Bank Profit Sharing Plan reported participants fell from 201 in the plan year 2023 filing to 197 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Tennessee

Industry

Finance & Insurance

Participants vs Tennessee filers

In Tennessee, the average filing covers about 1,122 participants across 2,228 plans. First Farmers & Merchants Bank Profit Sharing Plan reports 197 participants - about 18% of that state average ($29M EOY assets).

Tennessee filing particulars

Total Assets (Beginning of Year)	$28M
Net Assets (End of Year)	$29M
Net Income	$987K
Employer EIN	620198110
Plan Effective Date	1959-12-31
Filing Status	FILING RECEIVED

Sponsor Plan History (First Farmers & Merchants Bank)

Total plan assets by year, all First Farmers & Merchants Bank plans on file

Year	Plans	Participants	Total Assets
2022	1	212	$27M
2023	1	201	$28M
2024	1	197	$29M

Nearby Profit Sharing Plans in Tennessee

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

First Farmers & Merchants Bank Profit Sharing Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants

Shreveport Electrical Industry Profit Sharing Plan $95M · 527
New Orleans Electrical Annuity Plan $88M · 1,393
Thompson Machinery Commerce Corp Profit Sharing Plan $58M · 944
Gerber/Taylor Capital Advisors Profit Sharing Plan $50M · 43
Iron Workers District Council of Tennessee Valley and Vicinity Annuity Plan $49M · 2,124

Compare First Farmers & Merchants Bank Profit Sh… side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to First Farmers & Merchants Bank Profit Sharing Plan by total assets, not by location.

Dykman Electrical, Inc. Profit Sharing Plan (ID) $29M · 99
Chicago Painters and Decorators Retirement Savings (IL) $29M · 3,103
Crown Mark Inc. Profit Sharing Plan (TX) $29M · 78
Asbestos Workers Local No. 87 Defined Contribution Plan (TX) $29M · 97

Frequently Asked Questions

How did First Farmers & Merchants Bank Profit Sharing Plan assets move in 2024? ▼

First Farmers & Merchants Bank Profit Sharing Plan edged up modestly - up 3.6% during 2024, from $28M to $29M. Reported net income was $987K.

How have First Farmers & Merchants Bank plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), First Farmers & Merchants Bank's sponsor-wide assets grew 8.3%, from $27M to $29M.

Where does First Farmers & Merchants Bank Profit Sharing Plan rank by assets among Form 5500 filers? ▼

First Farmers & Merchants Bank Profit Sharing Plan ranks in the 77th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which Profit Sharing plans are similar in size to First Farmers & Merchants Bank Profit Sharing Plan? ▼

Among Profit Sharing plans in other states, the closest by assets is Dykman Electrical, Inc. Profit Sharing Plan in ID ($29M, 99 participants).

Next read for First Farmers & Merchants Bank Profit Sh…

Filing takeaways

Ways to act on First Farmers & Merchants Bank Profit Sharing Plan's numbers.

By total assets, First Farmers & Merchants Bank Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar Profit Sharing plans in Tennessee. Compare plans
First Farmers & Merchants Bank's sponsor-wide assets have grown 8.3% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 620198110.

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.