401k Plan data: FARMERS BANK 401K PROFIT SHARING PLAN plan

FARMERS BANK 401K PROFIT SHARING PLAN 401k Plan overview

Plan Name	FARMERS BANK 401K PROFIT SHARING PLAN
Plan identification number	001

FARMERS BANK 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.
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.

401k Sponsoring company profile

FARMERS BANK has sponsored the creation of one or more 401k plans.

Company Name: FARMERS BANK

Employer identification number (EIN): 710054312

NAIC Classification: 522110
NAIC Description: Commercial Banking

Additional information about FARMERS BANK

Jurisdiction of Incorporation: Alabama Secretary of State

Incorporation Date: 1911-10-13

Company Identification Number: 742-251

More information about FARMERS BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FARMERS BANK 401K PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2017-01-01
001 2016-01-01
001 2016-01-01 KENNETH ALBRITTON, CEO 2017-06-12
001 2015-01-01
001 2014-01-01
001 2013-01-01
001 2012-01-01 KENNETH ALBRITTON, CEO
001 2011-01-01 KENNETH ALBRITTON, CEO
001 2009-01-01 VELMA J. FARMER
001 2009-01-01 VELMA J. FARMER
001 2007-01-01 SHARON RENEE AMOS

Financial Data on FARMERS BANK 401K PROFIT SHARING PLAN

Measure	Date	Value
2016 : FARMERS BANK 401K PROFIT SHARING PLAN 2016 401k financial data
Total plan liabilities at end of year	2016-12-31	$0
Total plan liabilities at beginning of year	2016-12-31	$109
Total income from all sources	2016-12-31	$3,590
Expenses. Total of all expenses incurred	2016-12-31	$185
Total plan assets at end of year	2016-12-31	$99,440
Total plan assets at beginning of year	2016-12-31	$96,144
Value of fidelity bond covering the plan	2016-12-31	$50,000
Total contributions received or receivable from participants	2016-12-31	$3,056
Expenses. Other expenses not covered elsewhere	2016-12-31	$185
Other income received	2016-12-31	$534
Net income (gross income less expenses)	2016-12-31	$3,405
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$99,440
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$96,035
2015 : FARMERS BANK 401K PROFIT SHARING PLAN 2015 401k financial data
Total plan liabilities at end of year	2015-12-31	$109
Total plan liabilities at beginning of year	2015-12-31	$131
Total income from all sources	2015-12-31	$3,797
Expenses. Total of all expenses incurred	2015-12-31	$375
Total plan assets at end of year	2015-12-31	$96,144
Total plan assets at beginning of year	2015-12-31	$92,744
Value of fidelity bond covering the plan	2015-12-31	$50,000
Total contributions received or receivable from participants	2015-12-31	$3,427
Expenses. Other expenses not covered elsewhere	2015-12-31	$375
Other income received	2015-12-31	$370
Net income (gross income less expenses)	2015-12-31	$3,422
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$96,035
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$92,613
2014 : FARMERS BANK 401K PROFIT SHARING PLAN 2014 401k financial data
Total plan liabilities at end of year	2014-12-31	$131
Total plan liabilities at beginning of year	2014-12-31	$103
Total income from all sources	2014-12-31	$3,922
Expenses. Total of all expenses incurred	2014-12-31	$17,841
Benefits paid (including direct rollovers)	2014-12-31	$17,457
Total plan assets at end of year	2014-12-31	$92,744
Total plan assets at beginning of year	2014-12-31	$106,635
Value of fidelity bond covering the plan	2014-12-31	$50,000
Total contributions received or receivable from participants	2014-12-31	$3,840
Expenses. Other expenses not covered elsewhere	2014-12-31	$384
Other income received	2014-12-31	$82
Net income (gross income less expenses)	2014-12-31	$-13,919
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$92,613
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$106,532
2013 : FARMERS BANK 401K PROFIT SHARING PLAN 2013 401k financial data
Total plan liabilities at end of year	2013-12-31	$103
Total plan liabilities at beginning of year	2013-12-31	$99
Total income from all sources	2013-12-31	$4,622
Expenses. Total of all expenses incurred	2013-12-31	$398
Total plan assets at end of year	2013-12-31	$106,635
Total plan assets at beginning of year	2013-12-31	$102,407
Value of fidelity bond covering the plan	2013-12-31	$50,000
Total contributions received or receivable from participants	2013-12-31	$4,080
Expenses. Other expenses not covered elsewhere	2013-12-31	$398
Other income received	2013-12-31	$542
Net income (gross income less expenses)	2013-12-31	$4,224
Net plan assets at end of year (total assets less liabilities)	2013-12-31	$106,532
Net plan assets at beginning of year (total assets less liabilities)	2013-12-31	$102,308
2012 : FARMERS BANK 401K PROFIT SHARING PLAN 2012 401k financial data
Total plan liabilities at end of year	2012-12-31	$99
Total plan liabilities at beginning of year	2012-12-31	$0
Total income from all sources	2012-12-31	$4,588
Total plan assets at end of year	2012-12-31	$102,407
Total plan assets at beginning of year	2012-12-31	$97,720
Value of fidelity bond covering the plan	2012-12-31	$50,000
Total contributions received or receivable from participants	2012-12-31	$4,500
Other income received	2012-12-31	$88
Net income (gross income less expenses)	2012-12-31	$4,588
Net plan assets at end of year (total assets less liabilities)	2012-12-31	$102,308
Net plan assets at beginning of year (total assets less liabilities)	2012-12-31	$97,720
2011 : FARMERS BANK 401K PROFIT SHARING PLAN 2011 401k financial data
Total plan liabilities at beginning of year	2011-12-31	$0
Total income from all sources	2011-12-31	$2,025
Total plan assets at end of year	2011-12-31	$97,720
Total plan assets at beginning of year	2011-12-31	$95,695
Value of fidelity bond covering the plan	2011-12-31	$50,000
Total contributions received or receivable from participants	2011-12-31	$2,000
Other income received	2011-12-31	$25
Net income (gross income less expenses)	2011-12-31	$2,025
Net plan assets at end of year (total assets less liabilities)	2011-12-31	$97,720
Net plan assets at beginning of year (total assets less liabilities)	2011-12-31	$95,695
2010 : FARMERS BANK 401K PROFIT SHARING PLAN 2010 401k financial data
Total plan liabilities at beginning of year	2010-12-31	$0
Total income from all sources	2010-12-31	$2,513
Expenses. Total of all expenses incurred	2010-12-31	$53,409
Benefits paid (including direct rollovers)	2010-12-31	$53,379
Total plan assets at end of year	2010-12-31	$95,695
Total plan assets at beginning of year	2010-12-31	$146,591
Value of fidelity bond covering the plan	2010-12-31	$50,000
Total contributions received or receivable from participants	2010-12-31	$2,428
Other income received	2010-12-31	$85
Net income (gross income less expenses)	2010-12-31	$-50,896
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$95,695
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$146,591
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$30

Form 5500 Responses for FARMERS BANK 401K PROFIT SHARING PLAN

2017: FARMERS BANK 401K PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	Yes
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: FARMERS BANK 401K PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: FARMERS BANK 401K PROFIT SHARING PLAN 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: FARMERS BANK 401K PROFIT SHARING PLAN 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: FARMERS BANK 401K PROFIT SHARING PLAN 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: FARMERS BANK 401K PROFIT SHARING PLAN 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: FARMERS BANK 401K PROFIT SHARING PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: FARMERS BANK 401K PROFIT SHARING PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	This submission is the final filing	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes
2007: FARMERS BANK 401K PROFIT SHARING PLAN 2007 form 5500 responses
2007-01-01	Type of plan entity	Single employer plan
2007-01-01	This submission is the final filing	No
2007-01-01	Plan funding arrangement – Trust	Yes
2007-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FARMERS BANK
Employer identification number (EIN):	710054312
NAIC Classification:	522110
NAIC Description:	Commercial Banking

Jurisdiction of Incorporation:	Alabama Secretary of State
Incorporation Date:	1911-10-13
Company Identification Number:	742-251