401(k) · DOL Form 5500 · 2024

Farmers State Bank 401(k) Plan

Data updated 2026-08-11

$39M
Total assets: 150
Participants: 81st
Percentile by assets: $263,078
Avg per participant

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.

81st percentile by assets (of 123,622 plans)
#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.

$39M
total plan assets (2024 EOY): 150
covered participants: 81st
percentile by assets (of 123,622 plans): $263,078
avg assets per participant

Where Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust sits 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

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 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 →

State

Iowa

Industry

Finance & Insurance

Participants vs Iowa filers

In Iowa, the average filing covers about 609 participants across 1,246 plans. Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust reports 150 participants - about 25% of that state average ($39M EOY assets).

Iowa filing particulars

Total Assets (Beginning of Year)	$37M
Net Assets (End of Year)	$39M
Net Income	$3M
Employer EIN	420109590
Plan Effective Date	1956-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Farmers State Bank)

Total plan assets by year, all Farmers State Bank plans on file

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

The Principal Select Savings Plan $4.6B · 12,841
The Rsm US LLP Retirement Plan $3.4B · 14,728
Iowa Health System Section 401(k) Retirement Savings Plan $3.3B · 25,072
The Hy-Vee and Affiliates 401(k) Plan $3.1B · 55,411
Transamerica 401(k) Retirement Savings Plan $2.7B · 8,059

Compare Farmers State Bank Employees' 401(k) Pro… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust by total assets, not by location.

Minnesota Wild 401(k) Plan (MN) $39M · 1,100
Seaward Marine Services, Inc. 401(k) Plan (VA) $39M · 134
Illinois Credit Union System Retirement Security 401(k) Plan (IL) $39M · 122
Progressive Surface, Inc. Retirement Savings Plan (MI) $39M · 213

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).

Next read for Farmers State Bank Employees' 401(k) Pro…

Filing takeaways

Ways to act on Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust's numbers.

By total assets, Farmers State Bank Employees' 401(k) Profit Sharing Plan & Trust ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
Farmers State Bank's sponsor-wide assets have grown 20.7% 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 420109590.