Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Farmers National Bank of Canfield
Farmers National Bank of Canfield 401(k)
- Finance and insurance
- Canfield, OH
- EIN 34-0214400
- 1 plan with Schedule H financials
- Plan year 2024
Administrative expenses excluding investment management, per participant · Farmers National Bank 401(k) Retirement Savings Plan · plan year 2024
$163.35
Higher than 78% of the 8,758 plans $50 to 250M that report it.
Source
= $111,733 / 684
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250718100340NAL0002508482002, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718100340NAL0002508482002, received 2025-07-18
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-18.
Cost and contributions
Administrative expenses per participant
$163.35
Higher than 61% of the 9,042 plans $50 to 250M that report it.
Source
= $111,733 / 684
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718100340NAL0002508482002, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718100340NAL0002508482002, received 2025-07-18
Administrative expenses as a share of assets
0.184%
Higher than 65% of the 9,049 plans $50 to 250M that report it.
Source
= $111,733 / $60,627,075
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718100340NAL0002508482002, received 2025-07-18
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250718100340NAL0002508482002, received 2025-07-18
Employer contributions per participant
$1,623
Higher than 23% of the 9,105 plans $50 to 250M that report it.
Source
= $1,110,050 / 684
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250718100340NAL0002508482002, received 2025-07-18
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718100340NAL0002508482002, received 2025-07-18
Employer share of total contributions
22.4%
Higher than 26% of the 9,112 plans $50 to 250M that report it.
Source
= $1,110,050 / $4,958,775
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250718100340NAL0002508482002, received 2025-07-18
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250718100340NAL0002508482002, received 2025-07-18
Plan terms, as stated in Farmers National Bank of Canfield's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250718100340NAL0002508482002, received 2025-07-18
Full record, Farmers National Bank 401(k) Retirement Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FARMERS NATIONAL BANK OF CANFIELD | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Plan name | FARMERS NATIONAL BANK 401(K) RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Sponsor EIN / plan number | 34-0214400 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Sponsor location | CANFIELD, OH | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Filing received | 2025-07-18 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Participants, beginning of year | 707 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Active participants | 529 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Participants, end of year | 684 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Participants with an account balance | 684 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Total assets, beginning of year | $59,793,262 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Total assets, end of year | $60,627,075 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Net assets, end of year | $60,627,075 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Total income | $12,305,277 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Net income | $833,813 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Employer contributions | $1,110,050 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Participant contributions | $3,296,006 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Other contributions (incl. rollovers) | $552,719 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Total contributions | $4,958,775 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Benefit payments | $11,314,343 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Total expenses (incl. benefit payments) | $11,471,464 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Total administrative expenses | $111,733 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Contract administrator fees | $111,733 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Administrative expenses excluding investment management | $111,733 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Held in mutual funds | $49,000,462 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250718100340NAL0002508482002, received 2025-07-18 |
| Independent auditor | CROWE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250718100340NAL0002508482002, received 2025-07-18 |
Position = column in the DOL layout for form year 2024. Filing 20250718100340NAL0002508482002, received 2025-07-18.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $72,895 | no |
| NATIONAL ASSOCIATES INC | CONTRACT ADMIN | 13 Contract administrator | $28,652 | no |
| EMPOWER ADVISORY GROUP | INVESTMENT MGMT | 28 Investment management | $14,689 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250718100340NAL0002508482002, received 2025-07-18.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $59,793,262 | $60,627,075 | 1.4% |
| Participants with a balance | 707 | 684 | -3.3% |
| Administrative expenses | $89,306 | $111,733 | 25.1% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,042,508 | $1,110,050 | 6.5% |
Prior filing 20240717121615NAL0004350545002, received 2024-07-17; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: FARMERS NATIONAL BANK OF CANFIELD; SEC registrant: FARMERS NATIONAL BANK OF CANFIELD /TA (CIK 839260, matched by EIN).