401k Plan data: FARMERS NATIONAL BANCORP, INC. 401(K) PLAN plan

FARMERS NATIONAL BANCORP, INC. 401(K) PLAN 401k Plan overview

Plan Name	FARMERS NATIONAL BANCORP, INC. 401(K) PLAN
Plan identification number	002

FARMERS NATIONAL BANCORP, INC. 401(K) PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
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 NATIONAL BANCORP, INC. has sponsored the creation of one or more 401k plans.

Company Name: FARMERS NATIONAL BANCORP, INC.

Employer identification number (EIN): 611034135

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FARMERS NATIONAL BANCORP, INC. 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2019-01-01
002 2018-01-01 GREGORY L WILLIS 2019-12-30
002 2018-01-01 GREGORY L WILLIS 2019-10-13
002 2018-01-01 GREGORY L WILLIS 2020-08-19
002 2017-01-01
002 2016-01-01
002 2015-01-01
002 2014-01-01
002 2013-01-01 KATHY KEATON 2014-04-17
002 2012-01-01 KATHY KEATON 2013-06-04
002 2011-01-01 WILLIAM STROHM 2012-03-08
002 2010-01-01 WILLIAM STROHM 2011-09-30

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed
002	2019-01-01
002	2018-01-01	GREGORY L WILLIS	2019-12-30
002	2018-01-01	GREGORY L WILLIS	2019-10-13
002	2018-01-01	GREGORY L WILLIS	2020-08-19
002	2017-01-01
002	2016-01-01
002	2015-01-01
002	2014-01-01
002	2013-01-01	KATHY KEATON	2014-04-17
002	2012-01-01	KATHY KEATON	2013-06-04
002	2011-01-01	WILLIAM STROHM	2012-03-08
002	2010-01-01	WILLIAM STROHM	2011-09-30

Plan Statistics for FARMERS NATIONAL BANCORP, INC. 401(K) PLAN

401k plan membership statisitcs for FARMERS NATIONAL BANCORP, INC. 401(K) PLAN

Measure Date Value
2018: FARMERS NATIONAL BANCORP, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year 2018-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 51
Number of retired or separated participants receiving benefits 2018-01-01 1
Number of other retired or separated participants entitled to future benefits 2018-01-01 8
Total of all active and inactive participants 2018-01-01 60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 60
Number of participants with account balances 2018-01-01 51
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 1

Measure	Date	Value
2018: FARMERS NATIONAL BANCORP, INC. 401(K) PLAN 2018 401k membership
Total participants, beginning-of-year	2018-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	51
Number of retired or separated participants receiving benefits	2018-01-01	1
Number of other retired or separated participants entitled to future benefits	2018-01-01	8
Total of all active and inactive participants	2018-01-01	60
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	60
Number of participants with account balances	2018-01-01	51
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	1

Financial Data on FARMERS NATIONAL BANCORP, INC. 401(K) PLAN

Measure	Date	Value
2018 : FARMERS NATIONAL BANCORP, INC. 401(K) PLAN 2018 401k financial data
Total income from all sources (including contributions)	2018-12-31	$50,010
Total of all expenses incurred	2018-12-31	$407,367
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2018-12-31	$405,636
Expenses. Certain deemed distributions of participant loans	2018-12-31	$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2018-12-31	$112,735
Value of total assets at end of year	2018-12-31	$962,466
Value of total assets at beginning of year	2018-12-31	$1,319,823
Total of administrative expenses incurred including professional, contract, advisory and management fees	2018-12-31	$1,731
Total interest from all sources	2018-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2018-12-31	$46,916
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2018-12-31	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2018-12-31	$0
Total dividends received from registered investment company shares (eg mutual funds)	2018-12-31	$0
Was this plan covered by a fidelity bond	2018-12-31	No
If this is an individual account plan, was there a blackout period	2018-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2018-12-31	No
Contributions received from participants	2018-12-31	$89,765
Participant contributions at end of year	2018-12-31	$0
Participant contributions at end of year	2018-12-31	$0
Participant contributions at beginning of year	2018-12-31	$135
Income. Received or receivable in cash from other sources (including rollovers)	2018-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2018-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Value of net income/loss	2018-12-31	$-357,357
Value of net assets at end of year (total assets less liabilities)	2018-12-31	$962,466
Value of net assets at beginning of year (total assets less liabilities)	2018-12-31	$1,319,823
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2018-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2018-12-31	No
Were any leases to which the plan was party in default or uncollectible	2018-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2018-12-31	$962,466
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2018-12-31	$1,319,688
Interest on participant loans	2018-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2018-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2018-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2018-12-31	$-109,641
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2018-12-31	No
Was there a failure to transmit to the plan any participant contributions	2018-12-31	No
Has the plan failed to provide any benefit when due under the plan	2018-12-31	No
Contributions received in cash from employer	2018-12-31	$22,970
Employer contributions (assets) at end of year	2018-12-31	$0
Income. Dividends from common stock	2018-12-31	$46,916
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2018-12-31	$405,636
Contract administrator fees	2018-12-31	$1,731
Did the plan have assets held for investment	2018-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2018-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2018-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2018-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2018-12-31	Disclaimer
Accountancy firm name	2018-12-31	YOUNG & WADLINGTON, PLLC
Accountancy firm EIN	2018-12-31	464187261

Form 5500 Responses for FARMERS NATIONAL BANCORP, INC. 401(K) PLAN

2018: FARMERS NATIONAL BANCORP, INC. 401(K) PLAN 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	Yes
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FARMERS NATIONAL BANCORP, INC.
Employer identification number (EIN):	611034135
NAIC Classification:	522110
NAIC Description:	Commercial Banking