Defined Benefit (Pension) · DOL Form 5500 · 2024

The Farmers Bank Pension Plan

Data updated 2026-08-11

$15M
Total assets
142
Participants
64th
Percentile by assets
$104,450
Avg per participant
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Official DOL plan name: The Farmers Bank Defined Benefit Pension Plan · Sponsored by The Farmers Bank · Tennessee · Finance & Insurance

$15M in assets, 142 participants

The Farmers Bank's The Farmers Bank Defined Benefit Pension Plan reported $15M in total assets and 142 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.

  • 64th percentile by assets (of 123,622 plans)
  • #4,130 in Finance & Insurance (8,549 peers)

Coverage in Tennessee

The Farmers Bank Defined Benefit Pension Plan covers 142 participants in Tennessee, about 13% of the average Tennessee filer (state average ~1,126 per filing). Assets: $15M.

$15M
total plan assets (2024 EOY)
142
covered participants
64th
percentile by assets (of 123,622 plans)
$104,450
avg assets per participant

Where The Farmers Bank Defined Benefit Pension Plan sits by total assets

The Farmers Bank Defined Benefit Pension Plan vs every filed plan by assets

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

$14,831,887 Top 36% higher than 64% of 123,620 filed plans

This plan $0 $2,010,000,000 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

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The Farmers Bank Defined Benefit Pension Plan reported net income fell from $2M in the plan year 2023 filing to $424K in the plan year 2024 filing.
  • The Farmers Bank Defined Benefit Pension Plan end-of-year assets rose from $14M in the plan year 2023 filing to $15M in the plan year 2024 filing.
  • The Farmers Bank Defined Benefit Pension Plan reported participants rose from 139 in the plan year 2023 filing to 142 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 1,126 participants across 2,384 plans. The Farmers Bank Defined Benefit Pension Plan reports 142 participants - about 13% of that state average ($15M EOY assets).

Tennessee filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$424K
Employer EIN620197640
Plan Effective Date1973-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Farmers Bank)

$20M$25M$30M$35M 202220232024 $25M $32.6M ▲ +30.4%
Total plan assets by year, all The Farmers Bank plans on file
Year Plans Participants Total Assets
2022 2 287 $25M
2023 2 291 $30M
2024 2 299 $33M

Nearby Defined Benefit (Pension) Plans in Tennessee

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

The Farmers Bank Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants The Farmers Bank Def…, Total assets ($B): 0.014831887 · Participants: 142The Farmers Bank Def…Fedex Corporation Em…, Total assets ($B): 26.858555454 · Participants: 125941Fedex Corporation Em…Retirement Plan of I…, Total assets ($B): 8.18942151 · Participants: 20795Retirement Plan of I…Pace Industry Union-…, Total assets ($B): 2.839667916 · Participants: 3134Pace Industry Union-…Pension Plan for Emp…, Total assets ($B): 2.400126032 · Participants: 6357Pension Plan for Emp…Retirement Program P…, Total assets ($B): 1.97251328 · Participants: 2516Retirement Program P…
The Farmers Bank Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Tennessee, assets vs. participants
Compare The Farmers Bank Defined Benefit Pension… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to The Farmers Bank Defined Benefit Pension Plan by total assets, not by location.

Frequently Asked Questions

How did The Farmers Bank Defined Benefit Pension Plan assets move in 2024? ▼
The Farmers Bank Defined Benefit Pension Plan edged up modestly - up 2.9% during 2024, from $14M to $15M. Reported net income was $424K.
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 30.4%, from $25M to $33M.
Which Defined Benefit (Pension) plans are similar in size to The Farmers Bank Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Non-Bargaining Employees of Ace Glass Incorporated in NJ ($15M, 32 participants).

Next read for The Farmers Bank Defined Benefit Pension…

Filing takeaways

Ways to act on The Farmers Bank Defined Benefit Pension Plan's numbers.

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 620197640.

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.