401(k) · DOL Form 5500 · 2024

Farmers State Bank 401(k) Plan

Data updated 2026-08-25

$39M
Total assets Below avg plan size
150
Participants Small participant base
81st
Percentile by assets National rank
$263,078
Avg per participant High balance/head
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Official DOL plan name: Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust · Sponsored by Farmers State Bank · Iowa · Finance & Insurance

$39M in assets, 150 participants

Farmers State Bank's Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust reported $39M in total assets and 150 participants in its 2024 DOL Form 5500 filing, ranking in the 81st 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.

  • #6,060 in Finance & Insurance (8,549 peers)

Coverage in Iowa

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust covers 150 participants in Iowa, about 25% of the average Iowa filer (state average ~609 per filing). Assets: $39M.

#6,060
in Finance & Insurance (8,549 peers)
+7.5%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust's outsized position by total assets

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

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

$39,461,633 Top 19% higher than 81% 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 Employees' 401(k) Profit Sharing Plan & Trust 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. Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (150 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust reported net income fell from $4M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $37M in the plan year 2023 filing to $39M in the plan year 2024 filing.
  • Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust reported participants fell from 157 in the plan year 2023 filing to 150 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 420109590 · Farmers State Bank PY 2024 · 401(k)

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust · $39M · 150 · 81st

  • IND $39M
  • IND 150
  • IND 81st
  • IND 401(k)
  • IND near Minnesota Wild 401(k) Plan
  • IND ind #6060

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 Iowa →

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Progressive Surface, Inc. Retirement Savings PlanProgressive Surface, Inc. Re…$39MFarmers State Bank Employees' 401(k) Profit Sharing Plan & TrustFarmers State Bank Employees…$39MMinnesota Wild 401(k) Plan$39MSeaward Marine Services, Inc. 401(k) PlanSeaward Marine Services, Inc…$39MIllinois Credit Union System Retirement Security 401(k) PlanIllinois Credit Union System…$39M
End-of-year total assets ($M) among Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Iowa filing particulars

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$39M
Net Income$3M
Employer EIN420109590
Plan Effective Date1956-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Farmers State Bank)

Sponsor-wide plan assets over time

All Farmers State Bank plans reported in each filing year

Latest sponsor-wide plan assets
$39M 20.71035009569555% vs 2022
2024 filing year
$30M$35M$40M$45M 202220232024 $32.7M $39.5M ▲ +20.7%
Year Plans Participants Total Assets
2022 1 148 $33M
2023 1 157 $37M
2024 1 150 $39M

Nearby 401(k) Plans in Iowa

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

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1012345 Total assets ($B) Participants Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.039461633 · Participants: 150Farmers State Bank Employees' 401(k) Profit Sharing Plan & TrustThe Principal Select Savings Plan, Total assets ($B): 4.579548793 · Participants: 12841The Principal Select Savings PlanThe Rsm US LLP Retirement Plan, Total assets ($B): 3.375271119 · Participants: 14728The Rsm US LLP Retirement PlanIowa Health System Section 401(k) Retirement Savings Plan, Total assets ($B): 3.306182291 · Participants: 25072Iowa Health System Section 401(k) Retirement Savings PlanThe Hy-Vee and Affiliates 401(k) Plan, Total assets ($B): 3.1084169 · Participants: 55411The Hy-Vee and Affiliates 401(k) PlanTransamerica 401(k) Retirement Savings Plan, Total assets ($B): 2.720479704 · Participants: 8059Transamerica 401(k) Retirement Savings Plan
Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in Iowa, assets vs. participants
Compare Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside Iowa, the nearest 401(k) by assets is Minnesota Wild 401(k) Plan in MN ($39M); by covered participants it is The Custom Companies Retirement Savings Plan in IL (150 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (150 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 Employees' 401(k) Profit Sharing Plan & Trust assets move in 2024? ▼
Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust grew at a solid clip - up 7.5% during 2024, from $37M to $39M. Reported net income was $3M.
How have Farmers State Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Farmers State Bank's sponsor-wide assets grew 20.7%, from $33M to $39M.
Where does Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust rank by assets among Form 5500 filers? ▼
Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust ranks in the 81st 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 401(k) plans are similar in size to Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Minnesota Wild 401(k) Plan in MN ($39M, 1,100 participants).
Which 401(k) plans cover a similar participant headcount to Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is The Custom Companies Retirement Savings Plan in IL (150 participants, $15M 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 420109590.

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.