Plan Ledger DOL Form 5500 · updated monthly

The Farmers Bank401(k)

THE FARMERS BANK 401K PLAN · PORTLAND, TN · plan year 2025

Reported admin expense ratio · 2025
0.34%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

The Farmers Bank reported $64,972 in plan administrative expenses for 2025: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,737 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 4 years on file its reported administrative ratio has held roughly steady near 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other finance & insurance employers. By assets it is the 533rd-largest of 1,496 plans among Tennessee employers on file, and 2,997th of 4,798 in finance & insurance. In 2025, employees put in $1.71 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,739,057
Participants with balances170
Active participants159
Employer contributions$435,208
Employee contributions$742,391
Employer contribution per active participant$2,737
Average account balance$121,994
Benefits paid to participants$1,012,471
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history4
Yearassets · accounts · employer contribution
2025$20.7M · 170 accts · $435K emplr
2024$17.8M · 166 accts · $415K emplr
2023$15.2M · 164 accts · $396K emplr
2022$12.7M · 161 accts · $375K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$64,972
Total administrative$64,972
The The Farmers Bank 401(k) match · 2025
Employer contribution per active participant$2,737
Median for plans this size$2,666
2025$2,737 per active participant
2024$2,714 per active participant
2023$2,556 per active participant
2022$2,468 per active participant

The Farmers Bank's 2025 employer contribution ran above the $2,666 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
JOHN HANCOCK LIFE INSURANCE CO. USA · Recordkeeping · Investment management$27,442
MERCER GLOBAL ADVISORS, INC. · Investment advisory (participants)$36,650

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025John Hancock
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$64,972 · 0.34%
2024$56,155 · 0.34%
2023$47,712 · 0.34%
2022$50,481 · 0.35%
Same employer
Similar plansFinance & Insurance · Tennessee
Evolve Bancorp Inc TN$21.5M · 0.72%
Brentwood Services, Inc TN$20.1M · 0.47%
Commercial Bancgroup, Inc. TN$20.0M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 620197640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.