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SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 401k Plan overview

Plan NameSBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK
Plan identification number 001

SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • 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 & MERCHANTS BANK has sponsored the creation of one or more 401k plans.

Company Name:FARMERS & MERCHANTS BANK
Employer identification number (EIN):540208040
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about FARMERS & MERCHANTS BANK

Jurisdiction of Incorporation: Virginia Secretary of State
Incorporation Date: 1983-10-26
Company Identification Number: 0248016
Legal Registered Office Address: PO BOX 1111
PO BOX 1111
TIMBERVILLE
United States of America (USA)
22853

More information about FARMERS & MERCHANTS BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012021-10-01MELODY EMSWILER2023-06-16
0012020-10-01CARRIE COMER2022-04-25 CARRIE COMER2022-04-25
0012019-10-01CARRIE COMER2021-04-22 CARRIE COMER2021-04-22
0012018-10-01CARRIE COMER2020-06-22 CARRIE COMER2020-06-22
0012017-10-01NEIL HAYSLETT2019-07-08 NEIL HAYSLETT2019-07-08
0012016-10-01NEIL HAYSLETT2018-07-09 NEIL HAYSLETT2018-07-09
0012015-10-01NEIL HAYSLETT2017-07-11 NEIL HAYSLETT2017-07-11
0012014-10-01NEIL HAYSLETT2016-07-11 NEIL HAYSLETT2016-07-11
0012013-10-01NEIL HAYSLETT2015-04-23 NEIL HAYSLETT2015-04-23
0012012-10-01NEIL HAYSLETT2014-04-28 NEIL HAYSLETT2014-04-28
0012011-10-01NEIL HAYSLETT2013-04-29
0012010-10-01NEIL HAYSLETT2012-04-30

Plan Statistics for SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK

401k plan membership statisitcs for SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK

Measure Date Value
2022: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2022 401k membership
Market value of plan assets2022-09-3010,758,661
Acturial value of plan assets2022-09-309,888,825
Funding target for retired participants and beneficiaries receiving payment2022-09-30402,842
Number of terminated vested participants2022-09-307
Fundng target for terminated vested participants2022-09-30736,768
Active participant vested funding target2022-09-306,434,845
Number of active participants2022-09-3050
Total funding liabilities for active participants2022-09-306,434,845
Total participant count2022-09-3063
Total funding target for all participants2022-09-307,574,455
Balance at beginning of prior year after applicable adjustments2022-09-300
Prefunding balance at beginning of prior year after applicable adjustments2022-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2022-09-300
Prefunding balanced used to offset prior years funding requirement2022-09-300
Amount remaining of carryover balance2022-09-300
Amount remaining of prefunding balance2022-09-300
Present value of excess contributions2022-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-09-300
Reductions in caryover balances due to elections or deemed elections2022-09-300
Reductions in prefunding balances due to elections or deemed elections2022-09-300
Balance of carryovers at beginning of current year2022-09-300
Balance of prefunding at beginning of current year2022-09-300
Total employer contributions2022-09-300
Total employee contributions2022-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2022-09-300
Contributions made to avoid restrictions adjusted to valuation date2022-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-09-300
Unpaid minimum required contributions for all prior years2022-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-09-300
Remaining amount of unpaid minimum required contributions2022-09-300
Minimum required contributions for current year target normal cost2022-09-30615,652
Net shortfall amortization installment of oustanding balance2022-09-300
Waiver amortization installment2022-09-300
Total funding amount beforereflecting carryover/prefunding balances2022-09-300
Carryover balance elected to use to offset funding requirement2022-09-300
Prefunding balance elected to use to offset funding requirement2022-09-300
Additional cash requirement2022-09-300
Contributions allocatedtoward minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for current year2022-09-300
Unpaid minimum required contributions for all years2022-09-300
2021: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2021 401k membership
Market value of plan assets2021-09-3010,256,260
Acturial value of plan assets2021-09-3010,265,785
Funding target for retired participants and beneficiaries receiving payment2021-09-30448,976
Number of terminated vested participants2021-09-306
Fundng target for terminated vested participants2021-09-30311,971
Active participant vested funding target2021-09-306,203,567
Number of active participants2021-09-3058
Total funding liabilities for active participants2021-09-306,204,951
Total participant count2021-09-3071
Total funding target for all participants2021-09-306,965,898
Balance at beginning of prior year after applicable adjustments2021-09-300
Prefunding balance at beginning of prior year after applicable adjustments2021-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2021-09-300
Prefunding balanced used to offset prior years funding requirement2021-09-300
Amount remaining of carryover balance2021-09-300
Amount remaining of prefunding balance2021-09-300
Present value of excess contributions2021-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-09-300
Reductions in caryover balances due to elections or deemed elections2021-09-300
Reductions in prefunding balances due to elections or deemed elections2021-09-300
Balance of carryovers at beginning of current year2021-09-300
Balance of prefunding at beginning of current year2021-09-300
Total employer contributions2021-09-300
Total employee contributions2021-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2021-09-300
Contributions made to avoid restrictions adjusted to valuation date2021-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-09-300
Unpaid minimum required contributions for all prior years2021-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-09-300
Remaining amount of unpaid minimum required contributions2021-09-300
Minimum required contributions for current year target normal cost2021-09-30607,158
Net shortfall amortization installment of oustanding balance2021-09-300
Waiver amortization installment2021-09-300
Total funding amount beforereflecting carryover/prefunding balances2021-09-300
Additional cash requirement2021-09-300
Contributions allocatedtoward minimum required contributions for current year2021-09-300
Unpaid minimum required contributions for current year2021-09-300
Unpaid minimum required contributions for all years2021-09-300
2020: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2020 401k membership
Market value of plan assets2020-09-3011,151,007
Acturial value of plan assets2020-09-3011,349,474
Funding target for retired participants and beneficiaries receiving payment2020-09-30840,583
Number of terminated vested participants2020-09-302
Fundng target for terminated vested participants2020-09-3089,260
Active participant vested funding target2020-09-306,226,977
Number of active participants2020-09-3066
Total funding liabilities for active participants2020-09-306,234,216
Total participant count2020-09-3076
Total funding target for all participants2020-09-307,164,059
Balance at beginning of prior year after applicable adjustments2020-09-300
Prefunding balance at beginning of prior year after applicable adjustments2020-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2020-09-300
Prefunding balanced used to offset prior years funding requirement2020-09-300
Amount remaining of carryover balance2020-09-300
Amount remaining of prefunding balance2020-09-300
Present value of excess contributions2020-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-09-300
Reductions in caryover balances due to elections or deemed elections2020-09-300
Reductions in prefunding balances due to elections or deemed elections2020-09-300
Balance of carryovers at beginning of current year2020-09-300
Balance of prefunding at beginning of current year2020-09-300
Total employer contributions2020-09-300
Total employee contributions2020-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2020-09-300
Contributions made to avoid restrictions adjusted to valuation date2020-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-09-300
Unpaid minimum required contributions for all prior years2020-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-09-300
Remaining amount of unpaid minimum required contributions2020-09-300
Minimum required contributions for current year target normal cost2020-09-30695,335
Net shortfall amortization installment of oustanding balance2020-09-300
Waiver amortization installment2020-09-300
Total funding amount beforereflecting carryover/prefunding balances2020-09-300
Carryover balance elected to use to offset funding requirement2020-09-300
Prefunding balance elected to use to offset funding requirement2020-09-300
Additional cash requirement2020-09-300
Contributions allocatedtoward minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for current year2020-09-300
Unpaid minimum required contributions for all years2020-09-300
2019: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2019 401k membership
Market value of plan assets2019-09-3013,578,298
Acturial value of plan assets2019-09-3013,254,339
Funding target for retired participants and beneficiaries receiving payment2019-09-301,395,027
Number of terminated vested participants2019-09-304
Fundng target for terminated vested participants2019-09-30157,366
Active participant vested funding target2019-09-307,110,796
Number of active participants2019-09-3073
Total funding liabilities for active participants2019-09-307,117,313
Total participant count2019-09-3085
Total funding target for all participants2019-09-308,669,706
Balance at beginning of prior year after applicable adjustments2019-09-300
Prefunding balance at beginning of prior year after applicable adjustments2019-09-300
Carryover balanced portion elected for use to offset prior years funding requirement2019-09-300
Prefunding balanced used to offset prior years funding requirement2019-09-300
Amount remaining of carryover balance2019-09-300
Amount remaining of prefunding balance2019-09-300
Present value of excess contributions2019-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-09-300
Reductions in caryover balances due to elections or deemed elections2019-09-300
Reductions in prefunding balances due to elections or deemed elections2019-09-300
Balance of carryovers at beginning of current year2019-09-300
Balance of prefunding at beginning of current year2019-09-300
Total employer contributions2019-09-300
Total employee contributions2019-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2019-09-300
Contributions made to avoid restrictions adjusted to valuation date2019-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-09-300
Unpaid minimum required contributions for all prior years2019-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-09-300
Remaining amount of unpaid minimum required contributions2019-09-300
Minimum required contributions for current year target normal cost2019-09-30670,921
Net shortfall amortization installment of oustanding balance2019-09-300
Waiver amortization installment2019-09-300
Total funding amount beforereflecting carryover/prefunding balances2019-09-300
Carryover balance elected to use to offset funding requirement2019-09-300
Prefunding balance elected to use to offset funding requirement2019-09-300
Additional cash requirement2019-09-300
Contributions allocatedtoward minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for current year2019-09-300
Unpaid minimum required contributions for all years2019-09-300
2018: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2018 401k membership
Market value of plan assets2018-09-3013,181,558
Acturial value of plan assets2018-09-3012,651,193
Funding target for retired participants and beneficiaries receiving payment2018-09-30152,423
Number of terminated vested participants2018-09-302
Fundng target for terminated vested participants2018-09-30218,532
Active participant vested funding target2018-09-306,790,009
Number of active participants2018-09-3079
Total funding liabilities for active participants2018-09-306,795,769
Total participant count2018-09-3086
Total funding target for all participants2018-09-307,166,724
Balance at beginning of prior year after applicable adjustments2018-09-301,245,612
Prefunding balance at beginning of prior year after applicable adjustments2018-09-306,149,511
Carryover balanced portion elected for use to offset prior years funding requirement2018-09-30590,309
Prefunding balanced used to offset prior years funding requirement2018-09-300
Amount remaining of carryover balance2018-09-30655,303
Amount remaining of prefunding balance2018-09-306,149,511
Present value of excess contributions2018-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-09-300
Reductions in caryover balances due to elections or deemed elections2018-09-30737,544
Reductions in prefunding balances due to elections or deemed elections2018-09-306,921,275
Balance of carryovers at beginning of current year2018-09-300
Balance of prefunding at beginning of current year2018-09-300
Total employer contributions2018-09-300
Total employee contributions2018-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2018-09-300
Contributions made to avoid restrictions adjusted to valuation date2018-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-09-300
Unpaid minimum required contributions for all prior years2018-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-09-300
Remaining amount of unpaid minimum required contributions2018-09-300
Minimum required contributions for current year target normal cost2018-09-30596,862
Net shortfall amortization installment of oustanding balance2018-09-300
Waiver amortization installment2018-09-300
Total funding amount beforereflecting carryover/prefunding balances2018-09-300
Carryover balance elected to use to offset funding requirement2018-09-300
Prefunding balance elected to use to offset funding requirement2018-09-300
Additional cash requirement2018-09-300
Contributions allocatedtoward minimum required contributions for current year2018-09-300
Unpaid minimum required contributions for current year2018-09-300
Unpaid minimum required contributions for all years2018-09-300
2017: SBA MASTER DEFINED BENEFIT PLAN FOR FARMERS & MERCHANTS BANK 2017 401k membership
Market value of plan assets2017-09-3011,982,829
Acturial value of plan assets2017-09-3012,133,615
Funding target for retired participants and beneficiaries receiving payment2017-09-30149,825
Number of terminated vested participants2017-09-302
Fundng target for terminated vested participants2017-09-3063,289
Active participant vested funding target2017-09-305,913,208
Number of active participants2017-09-3083
Total funding liabilities for active participants2017-09-305,918,724
Total participant count2017-09-3090
Total funding target for all participants2017-09-306,131,838
Balance at beginning of prior year after applicable adjustments2017-09-301,686,852
Prefunding balance at beginning of prior year after applicable adjustments2017-09-305,665,663
Carryover balanced portion elected for use to offset prior years funding requirement2017-09-30539,246
Prefunding balanced used to offset prior years funding requirement2017-09-300
Amount remaining of carryover balance2017-09-301,147,606
Amount remaining of prefunding balance2017-09-305,665,663
Present value of excess contributions2017-09-300
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-09-300
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-09-300
Reductions in caryover balances due to elections or deemed elections2017-09-300
Reductions in prefunding balances due to elections or deemed elections2017-09-300
Balance of carryovers at beginning of current year2017-09-301,245,612
Balance of prefunding at beginning of current year2017-09-306,149,511
Total employer contributions2017-09-300
Total employee contributions2017-09-300
Contributions allocated toward unpaid minimum require contributions from prior years2017-09-300
Contributions made to avoid restrictions adjusted to valuation date2017-09-300
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-09-300
Unpaid minimum required contributions for all prior years2017-09-300
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-09-300
Remaining amount of unpaid minimum required contributions2017-09-300
Minimum required contributions for current year target normal cost2017-09-30590,309
Net shortfall amortization installment of oustanding balance2017-09-300
Waiver amortization installment2017-09-300
Total funding amount beforereflecting carryover/prefunding balances2017-09-30590,309
Carryover balance elected to use to offset funding requirement2017-09-30590,309
Prefunding balance elected to use to offset funding requirement2017-09-300
Additional cash requirement2017-09-300
Contributions allocatedtoward minimum required contributions for current year2017-09-300
Unpaid minimum required contributions for current year2017-09-300
Unpaid minimum required contributions for all years2017-09-300

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