Farmers Bank and Trust 401(k) match, vesting and fees
What Farmers Bank and Trust's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock Life Insurance Company | Schedule C ↗ |
| Independent auditor | Elliott Davis (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 398 defined-contribution plans in management of companies and enterprises with 100 to 499 participants.
| Farmers Bank and Trust: employer contribution per participant | $4,442 | |
| Peer median | $2,051 |
| Farmers Bank and Trust: average balance | $142,312 | |
| Peer median | $71,053 |
| Farmers Bank and Trust: admin expenses ÷ assets | 0.21% | |
| Peer median | 0.25% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $9.6M at the end of plan year 2021 to $18.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 127 | $18.1M | $564K | $4,442 | 0.21% | Not published | Form 5500 ↗ |
| 2023 | 131 | $14.3M | $537K | $4,334 | 0.21% | Not published | Form 5500 ↗ |
| 2022 | 122 | $12.5M | $509K | $4,174 | — | Not published | 5500-SF ↗ |
| 2021 | 114 | $9.6M | $409K | $3,586 | — | Not published | 5500-SF ↗ |
Common questions
Does Farmers Bank and Trust match 401(k) contributions?
The match terms for the Farmers Bank and Trust Company 401(k) Employee Stock Ownership Plan have not been published from its filing yet. The plan year 2024 filing reports $564K in employer contributions, about $4,442 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Farmers Bank and Trust 401(k) match vested?
The vesting schedule for the Farmers Bank and Trust Company 401(k) Employee Stock Ownership Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Farmers Bank and Trust 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Life Insurance Company. The plan administrator is Farmers Bank and Trust Company.
I left Farmers Bank and Trust. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Farmers Bank and Trust Company, (270) 965-3106) or the recordkeeper, John Hancock Life Insurance Company. The Farmers Bank and Trust old 401(k) page lists the contacts from every plan filing. Find an old Farmers Bank and Trust 401(k)
Data from the public Form 5500 annual reports Farmers Bank and Trust filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Farmers Bank and Trust. Not financial advice. Report a correction · Methodology