Plan Ledger DOL Form 5500 · updated monthly

The Farmers National Bank of Emlenton401(k)

THE FARMERS NATIONAL BANK 401(K) PLAN · EMLENTON, PA · plan year 2022

Reported admin expense ratio · 2022
0.40%

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

The Farmers National Bank of Emlenton reported $46,371 in plan administrative expenses for 2022: 0.40% of average plan assets, above the peer median. Employer contributions averaged $3,446 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 1 year on file its reported administrative ratio fell from 0.40% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in Pennsylvania (2,195th of 3,651), and 546th of 786 in management of companies. In 2022, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,046,107
Participants with balances253
Active participants133
Employer contributions$458,277
Employee contributions$583,660
Employer contribution per active participant$3,446
Average account balance$43,661
Benefits paid to participants$1,295,862
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$9K
2022$11.0M · 253 accts · $458K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$4,347
Investment management$42,024
Total administrative$46,371
The The Farmers National Bank of Emlenton 401(k) match · 2022
Employer contribution per active participant$3,446
Median for plans this size$2,266

The Farmers National Bank of Emlenton's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$17,223 · 0.31%
2022$46,371 · 0.40%
Similar plansManagement of Companies · Pennsylvania
Denmar Associates, LLC PA$20.1M · 0.44%
Empire Kosher Poultry, Inc. PA$17.1M · 0.62%
Vantage Holding Company LLC PA$14.5M · 0.52%
Erie Management Group, LLC PA$10.1M · 0.31%
Esmark, Inc. PA$9.4M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 250472020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.