Retirement plan

EMPLOYEE BENEFIT PLAN OF FARMERS MERCHANTS BANK

Name: FARMERS MERCHANTS BANK - EMPLOYEE BENEFIT PLAN OF FARMERS MERCHANTS BANK (2020) Form 5500
Creator: FARMERS MERCHANTS BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF FARMERS MERCHANTS BANK, FARMERS MERCHANTS BANK

FARMERS MERCHANTS BANKEIN 75-2538000Plan #003PY 2020

240 S TEXAS ST - DE LEON, TX 764441800254-893-2031

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$1.2M

+23.3% from 2019

Total participants

0.0% from 2019

Average account balance

$50,327

+23.3% from 2019

Annual return

16.81%

-0.02 pp from 2019

Benchmarks

See 32,151 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort32,151 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.62M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$52K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

68.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$138K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.56%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$9750

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$43K

$1792 / participant

Other / not subdivided$43K100.0%

% of EOY assets

3.560%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,327

$197,625-74.5%

$177,840-71.7%

$158,966-68.3%

Participation rate

83.3%

88.5%-5.2pp

87.7%-4.4pp

82.0%+1.4pp

Annual return

16.81%

58.76%-42.0pp

48.32%-31.5pp

302.95%-286.1pp

Employer contribution / active EE

$1,661

$6,698-75.2%

$5,919-71.9%

$4,762-65.1%

Participant deferral / active EE

$2,406

$8,405-71.4%

$7,714-68.8%

$5,983-59.8%

Admin fee / account holder

$1,792

$15,405-88.4%

$12,431-85.6%

$11,250-84.1%

EMPLOYEE BENEFIT PLAN OF FARMERS MERCHANTS BANK

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FARMERS MERCHANTS BANK

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion