Profit Sharing · DOL Form 5500 · 2024

First Farmers & Merchants Bank Profit Sharing Plan

Data updated 2026-08-25

$29M
Total assets Below avg plan size
197
Participants Below avg headcount
77th
Percentile by assets National rank
$145,856
Avg per participant Above avg balance/head
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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.

  • #5,462 in Finance & Insurance (8,549 peers)

Coverage in Tennessee

First Farmers & Merchants Bank Profit Sharing Plan covers 197 participants in Tennessee, about 17% of the average Tennessee filer (state average ~1,126 per filing). Assets: $29M.

#5,462
in Finance & Insurance (8,549 peers)
+3.6%
assets growth YoY
0.3×
vs typical plan assets (national mean)

First Farmers & Merchants Bank Profit Sharing Plan's outsized position by total assets

First Farmers & Merchants Bank Profit Sharing Plan vs every filed plan by assets

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

$28,733,730 Top 23% higher than 77% 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

First Farmers & Merchants Bank Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Farmers & Merchants Bank Profit Sharing Plan sits mid-pack in the medium band (197 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

Published 5500 schedule card

Filing strip 620198110 · First Farmers & Merchants Bank PY 2024 · Profit Sharing

First Farmers & Merchants Bank Profit Sharing Plan · $29M · 197 · 77th

  • IND $29M
  • EOY 197
  • 5500 77th
  • ASSETS Profit Sharing
  • PCT near Dykman Electrical, Inc. Profit Sharing Plan
  • EIN ind #5462

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 Tennessee →

First Farmers & Merchants Bank Profit Sharing Plan in the asset neighbourhood

Chicago Painters and Decorators Retirement SavingsChicago Painters and Decorat…$29MCrown Mark Inc. Profit Sharing PlanCrown Mark Inc. Profit Shari…$29MDykman Electrical, Inc. Profit Sharing PlanDykman Electrical, Inc. Prof…$29MFirst Farmers & Merchants Bank Profit Sharing PlanFirst Farmers & Merchants Ba…$29MAsbestos Workers Local No. 87 Defined Contribution PlanAsbestos Workers Local No. 8…$29M
End-of-year total assets ($M) among First Farmers & Merchants Bank Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)$28M
Net Assets (End of Year)$29M
Net Income$987K
Employer EIN620198110
Plan Effective Date1959-12-31
Filing StatusFILING RECEIVED

Sponsor Plan History (First Farmers & Merchants Bank)

Sponsor-wide plan assets over time

All First Farmers & Merchants Bank plans reported in each filing year

Latest sponsor-wide plan assets
$29M 8.310432966486438% vs 2022
2024 filing year
$26M$27M$28M$29M 202220232024 $26.5M $28.7M ▲ +8.3%
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 Scatter plot of 6 data points. -20000200040006000 0200400600 Total assets ($M) Participants First Farmers & Merchants Bank Profit Sharing Plan, Total assets ($M): 28.73373 · Participants: 197First Farmers & Merchants Bank Profit Sharing PlanBallad Health 401(a) Plan, Total assets ($M): 486.286208 · Participants: 4963Ballad Health 401(a) PlanShreveport Electrical Industry Profit Sharing Plan, Total assets ($M): 95.199644 · Participants: 527Shreveport Electrical Industry Profit Sharing PlanNew Orleans Electrical Annuity Plan, Total assets ($M): 88.353304 · Participants: 1393New Orleans Electrical Annuity PlanUlps Employee Savings Plan, Total assets ($M): 78.101983 · Participants: 236Ulps Employee Savings PlanThompson Machinery Commerce Corp Profit Sharing Plan, Total assets ($M): 57.665281 · Participants: 944Thompson Machinery Commerce Corp Profit Sharing Plan
First Farmers & Merchants Bank Profit Sharing Plan vs. nearby Profit Sharing plans in Tennessee, assets vs. participants
Compare First Farmers & Merchants Bank Profit Sharing Plan side-by-side with 3 peers →

First Farmers & Merchants Bank Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Tennessee, the nearest Profit Sharing by assets is Dykman Electrical, Inc. Profit Sharing Plan in ID ($29M); by covered participants it is Southwestern College Employee Retirement Plan in KS (197 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (197 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 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 123,622 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).
Which Profit Sharing plans cover a similar participant headcount to First Farmers & Merchants Bank Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Southwestern College Employee Retirement Plan in KS (197 participants, $28M 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 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.