401k Plan data: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN plan

FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN
Plan identification number	002

FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Participant-directed brokerage accounts provided as an investment option under the plan.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

FARMERS STATE BANK & TRUST COMPANY has sponsored the creation of one or more 401k plans.

Company Name: FARMERS STATE BANK & TRUST COMPANY

Employer identification number (EIN): 370270100

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2023-01-01
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01
002 2018-01-01
002 2017-01-01
002 2016-01-01
002 2015-01-01
002 2014-01-01 ERIN PHELPS
002 2013-01-01 ERIN PHELPS
002 2012-01-01 ERIN PHELPS
002 2011-01-01 CHRIS HANNANT
002 2009-01-01 CHRIS HANNANT

Plan Statistics for FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN

401k plan membership statisitcs for FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN

Measure Date Value
2015: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year 2015-01-01 23
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 21
Number of retired or separated participants receiving benefits 2015-01-01 1
Number of other retired or separated participants entitled to future benefits 2015-01-01 1
Total of all active and inactive participants 2015-01-01 23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 23
Number of participants with account balances 2015-01-01 21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 0
2014: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year 2014-01-01 23
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 19
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 2
Total of all active and inactive participants 2014-01-01 21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 21
Number of participants with account balances 2014-01-01 19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 0
2013: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year 2013-01-01 23
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 19
Number of retired or separated participants receiving benefits 2013-01-01 1
Number of other retired or separated participants entitled to future benefits 2013-01-01 2
Total of all active and inactive participants 2013-01-01 22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 22
Number of participants with account balances 2013-01-01 20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 2
2012: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year 2012-01-01 22
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 22
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 1
Total of all active and inactive participants 2012-01-01 23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 23
Number of participants with account balances 2012-01-01 20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 0
2011: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 19
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 23
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 0
Total of all active and inactive participants 2011-01-01 23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 23
Number of participants with account balances 2011-01-01 18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 18
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 16
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 0
Total of all active and inactive participants 2009-01-01 16
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 16
Number of participants with account balances 2009-01-01 15
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2015: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2015 401k membership
Total participants, beginning-of-year	2015-01-01	23
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	21
Number of retired or separated participants receiving benefits	2015-01-01	1
Number of other retired or separated participants entitled to future benefits	2015-01-01	1
Total of all active and inactive participants	2015-01-01	23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	23
Number of participants with account balances	2015-01-01	21
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	0
2014: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2014 401k membership
Total participants, beginning-of-year	2014-01-01	23
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	19
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	2
Total of all active and inactive participants	2014-01-01	21
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	21
Number of participants with account balances	2014-01-01	19
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	0
2013: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2013 401k membership
Total participants, beginning-of-year	2013-01-01	23
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	19
Number of retired or separated participants receiving benefits	2013-01-01	1
Number of other retired or separated participants entitled to future benefits	2013-01-01	2
Total of all active and inactive participants	2013-01-01	22
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	22
Number of participants with account balances	2013-01-01	20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	2
2012: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2012 401k membership
Total participants, beginning-of-year	2012-01-01	22
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	22
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	1
Total of all active and inactive participants	2012-01-01	23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	23
Number of participants with account balances	2012-01-01	20
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	0
2011: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	19
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	23
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	0
Total of all active and inactive participants	2011-01-01	23
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	23
Number of participants with account balances	2011-01-01	18
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	18
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	16
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	0
Total of all active and inactive participants	2009-01-01	16
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	16
Number of participants with account balances	2009-01-01	15
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN

Measure	Date	Value
2015 : FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2015 401k financial data
Total income from all sources	2015-12-31	$147,832
Expenses. Total of all expenses incurred	2015-12-31	$35,000
Benefits paid (including direct rollovers)	2015-12-31	$35,000
Total plan assets at end of year	2015-12-31	$1,936,204
Total plan assets at beginning of year	2015-12-31	$1,823,372
Value of fidelity bond covering the plan	2015-12-31	$500,000
Total contributions received or receivable from participants	2015-12-31	$71,504
Other income received	2015-12-31	$43,184
Net income (gross income less expenses)	2015-12-31	$112,832
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$1,936,204
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$1,823,372
Assets. Value of participant loans	2015-12-31	$40,401
Total contributions received or receivable from employer(s)	2015-12-31	$33,144
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2015-12-31	$0
2014 : FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2014 401k financial data
Total income from all sources	2014-12-31	$223,239
Expenses. Total of all expenses incurred	2014-12-31	$157,296
Benefits paid (including direct rollovers)	2014-12-31	$157,296
Total plan assets at end of year	2014-12-31	$1,823,372
Total plan assets at beginning of year	2014-12-31	$1,757,429
Value of fidelity bond covering the plan	2014-12-31	$2,000,000
Total contributions received or receivable from participants	2014-12-31	$71,279
Contributions received from other sources (not participants or employers)	2014-12-31	$11,355
Other income received	2014-12-31	$106,091
Net income (gross income less expenses)	2014-12-31	$65,943
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$1,823,372
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$1,757,429
Assets. Value of participant loans	2014-12-31	$15,112
Total contributions received or receivable from employer(s)	2014-12-31	$34,514
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
2013 : FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2013 401k financial data
Total income from all sources	2013-12-31	$361,474
Expenses. Total of all expenses incurred	2013-12-31	$26,185
Benefits paid (including direct rollovers)	2013-12-31	$26,185
Total plan assets at end of year	2013-12-31	$1,757,429
Total plan assets at beginning of year	2013-12-31	$1,422,140
Value of fidelity bond covering the plan	2013-12-31	$2,000,000
Total contributions received or receivable from participants	2013-12-31	$70,760
Other income received	2013-12-31	$256,441
Net income (gross income less expenses)	2013-12-31	$335,289
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$1,757,429
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$1,422,140
Assets. Value of participant loans	2013-12-31	$45,584
Total contributions received or receivable from employer(s)	2013-12-31	$34,273
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
2012 : FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2012 401k financial data
Total income from all sources	2012-12-31	$206,852
Expenses. Total of all expenses incurred	2012-12-31	$11,250
Benefits paid (including direct rollovers)	2012-12-31	$11,250
Total plan assets at end of year	2012-12-31	$1,422,140
Total plan assets at beginning of year	2012-12-31	$1,226,538
Value of fidelity bond covering the plan	2012-12-31	$1,000,000
Total contributions received or receivable from participants	2012-12-31	$63,377
Contributions received from other sources (not participants or employers)	2012-12-31	$310
Other income received	2012-12-31	$111,477
Net income (gross income less expenses)	2012-12-31	$195,602
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$1,422,140
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$1,226,538
Assets. Value of participant loans	2012-12-31	$63,000
Total contributions received or receivable from employer(s)	2012-12-31	$31,688
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
2011 : FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2011 401k financial data
Total income from all sources	2011-12-31	$121,158
Expenses. Total of all expenses incurred	2011-12-31	$0
Total plan assets at end of year	2011-12-31	$1,226,538
Total plan assets at beginning of year	2011-12-31	$1,105,380
Value of fidelity bond covering the plan	2011-12-31	$1,825,000
Total contributions received or receivable from participants	2011-12-31	$60,644
Other income received	2011-12-31	$30,692
Net income (gross income less expenses)	2011-12-31	$121,158
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$1,226,538
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$1,105,380
Assets. Value of participant loans	2011-12-31	$103,712
Total contributions received or receivable from employer(s)	2011-12-31	$29,822
2010 : FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2010 401k financial data
Total income from all sources	2010-12-31	$172,549
Expenses. Total of all expenses incurred	2010-12-31	$6,377
Benefits paid (including direct rollovers)	2010-12-31	$6,327
Total plan assets at end of year	2010-12-31	$1,105,380
Total plan assets at beginning of year	2010-12-31	$939,208
Value of fidelity bond covering the plan	2010-12-31	$1,825,000
Total contributions received or receivable from participants	2010-12-31	$56,741
Other income received	2010-12-31	$87,437
Net income (gross income less expenses)	2010-12-31	$166,172
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$1,105,380
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$939,208
Assets. Value of participant loans	2010-12-31	$123,025
Total contributions received or receivable from employer(s)	2010-12-31	$28,371
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$50
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN

2015: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Submission has been amended	No
2015-01-01	This submission is the final filing	No
2015-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2015-01-01	Plan is a collectively bargained plan	No
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	No
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: FARMERS STATE BANK & TRUST COMPANY 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FARMERS STATE BANK & TRUST COMPANY
Employer identification number (EIN):	370270100
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Plan id#	Filing Submission Date	Name of Administrator
002	2023-01-01
002	2022-01-01
002	2021-01-01
002	2020-01-01
002	2019-01-01
002	2018-01-01
002	2017-01-01
002	2016-01-01
002	2015-01-01
002	2014-01-01	ERIN PHELPS
002	2013-01-01	ERIN PHELPS
002	2012-01-01	ERIN PHELPS
002	2011-01-01	CHRIS HANNANT
002	2009-01-01	CHRIS HANNANT