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MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN 401k Plan overview

Plan NameMERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN
Plan identification number 001

MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN Benefits

401k Plan TypeDefined 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.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 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.
  • 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

MERCHANTS & FARMERS BANK OF DUMAS has sponsored the creation of one or more 401k plans.

Company Name:MERCHANTS & FARMERS BANK OF DUMAS
Employer identification number (EIN):710120590
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01PRICE E. BONEY, JR.2024-06-12
0012022-01-01PRICE BONEY2023-05-31 PRICE BONEY2023-05-31
0012021-01-01PRICE BONEY2022-06-16 PRICE BONEY2022-06-16
0012020-01-01PAGE GILL2021-04-27 PAGE GILL2021-04-27
0012019-01-01
0012018-01-01
0012017-01-01
0012016-01-01J MICHAEL JONES2017-02-09 J MICHAEL JONES2017-02-09
0012015-01-01J MICHAEL JONES2016-07-14 J MICHAEL JONES2016-07-14
0012014-01-01J MICHAEL JONES2015-07-08 J MICHAEL JONES2015-07-08
0012013-01-01JAMES MICHAEL JONES2014-05-30 JAMES MICHAEL JONES2014-05-30
0012012-01-01J MICHAEL JONES2013-07-30 J MICHAEL JONES2013-07-30
0012011-01-01J MICHAEL JONES2012-06-15 J MICHAEL JONES2012-06-15
0012010-01-01J MICHAEL JONES2011-06-29 J MICHAEL JONES2011-06-29

Plan Statistics for MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN

401k plan membership statisitcs for MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN

Measure Date Value
2025: MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN 2025 401k membership
Total number of particpants at beginning of year2025-07-0240
Total number of particpants at end of year2025-07-0240
Number of Participants With Account Balances2025-07-0233
2024: MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN 2024 401k membership
Total number of particpants at beginning of year2024-06-1239
Total number of particpants at end of year2024-06-1237
Number of Participants With Account Balances2024-06-1232
2022: MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN 2022 401k membership
Total number of particpants at beginning of year2022-06-1634
Total number of particpants at end of year2022-06-1631
Number of Participants With Account Balances2022-06-1628

Financial Data on MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN

Measure Date Value
2025 : MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-07-020
Total liabilities as of the end of the plan year2025-07-020
Total liabilities as of the beginning of the plan year2025-07-020
Total expenses incurred by plan in this plan year2025-07-026129
Net assets as of the end of the plan year2025-07-021184084
Total assets as of the beginning of the plan year2025-07-02923617
Value of plan covered by a fidelity bond2025-07-021000000
Participant contributions to plan in this plan year2025-07-0279334
Other expenses paid from plan in this plan year2025-07-020
Other contributions to plan in this plan year2025-07-0246375
Other income to plan in this plan year2025-07-02140887
Plan net income in this plan year2025-07-02260467
Net assets as of the end of the plan year2025-07-021184084
Net assets as of the beginning of the plan year2025-07-02923617
Employer contributions to plan in this plan year2025-07-020
Expensese paid to adminstrative service provicers from plan in this plan year2025-07-025776
2024 : MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN 2024 401k financial data
Total transfers to/from plan in this plan year2024-06-120
Total liabilities as of the end of the plan year2024-06-120
Total liabilities as of the beginning of the plan year2024-06-120
Total expenses incurred by plan in this plan year2024-06-12444150
Net assets as of the end of the plan year2024-06-12923617
Total assets as of the beginning of the plan year2024-06-121171155
Value of plan covered by a fidelity bond2024-06-121000000
Participant contributions to plan in this plan year2024-06-1271202
Other expenses paid from plan in this plan year2024-06-120
Other contributions to plan in this plan year2024-06-120
Other income to plan in this plan year2024-06-12125410
Plan net income in this plan year2024-06-12-247538
Net assets as of the end of the plan year2024-06-12923617
Net assets as of the beginning of the plan year2024-06-121171155
Employer contributions to plan in this plan year2024-06-120
Expensese paid to adminstrative service provicers from plan in this plan year2024-06-120
2022 : MERCHANTS AND FARMERS BANK PROFIT SHARING/401(K) PLAN 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-160
Total liabilities as of the end of the plan year2022-06-160
Total liabilities as of the beginning of the plan year2022-06-160
Total expenses incurred by plan in this plan year2022-06-1642339
Net assets as of the end of the plan year2022-06-161335230
Total assets as of the beginning of the plan year2022-06-161175139
Value of plan covered by a fidelity bond2022-06-161000000
Participant contributions to plan in this plan year2022-06-1658088
Other expenses paid from plan in this plan year2022-06-160
Other contributions to plan in this plan year2022-06-1617865
Other income to plan in this plan year2022-06-16126477
Plan net income in this plan year2022-06-16160091
Net assets as of the end of the plan year2022-06-161335230
Net assets as of the beginning of the plan year2022-06-161175139
Employer contributions to plan in this plan year2022-06-160
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-160

Potentially related plans

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