Farmers National Banc Corp 401(k): Empower, match 3% max
Farmers National Bank 401(k) Retirement Savings Plan · FMNB · CIK 709337
Empower is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
3%
Farmers National Banc Corp matches 50% of the first 6% of pay.
From the Form 11-K filed June 18, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Farmers National Banc puts in, and what the plan costs
What Farmers National Banc put into the plan, per active participant
$2,098
Farmers National Banc Corp put $2,098 into this plan for each of its 529 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Farmers National Banc put in less per active participant than 80% of plans with 500–999 participants at banks and lenders. The middle plan in that group of 309 reported $3,434. Banks and lenders comes from business code 522110, which Farmers National Banc entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Farmers National Banc pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 340214400, plan 002 · DOL EFAST2 ↗
The $2,098 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Farmers National Banc Corp also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,485 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Farmers National Banc puts in
$1,485
a year, at a $49,500 salary.
The match paragraph, word for word
“The Companies match 50% of the first 6% of compensation that the participant contributes to the Plan. The Companies do not match catch-up contributions.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
42.86 out of 100
How fast the employer’s money becomes yours. No schedule among the 369 we have scored is lower.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 20%, 40%, 60%, 80%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately vested in their contributions plus earnings thereon. Vesting in the Companies' matching and discretionary contributions is based on years of continuous service according to the following schedule:”
A worker hired today collects no match for 2 months. This is a filed term, and it does not move the score above.
Eligibility, word for word
“Employees are eligible to participate in the Plan and receive employer matching and discretionary contributions when they are age 18 or older and have completed 60 days of service. Plan entry dates are the first of the month coinciding with or next following the date the employee satisfies eligibility requirements.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
68th percentile
$158.04 per participant in plan-paid administrative cost, more expensive than 68% of plans with 500–999 participants.
What is Farmers National Banc's 401(k) match formula?
Farmers National Banc's 401(k) employer match tops out at 3% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 50% of the first 6% of pay |
|---|---|
| Maximum employer match | 3% of compensation |
| Conditions | The Companies do not match catch-up contributions. |
| Other employer contribution | Discretionary contributions permitted under the Plan; none made for the years ended December 31, 2025 and 2024 |
| Other employer contribution | Qualified non-elective contributions (QNEC) permitted under the Plan; none made for the years ended December 31, 2025 and 2024 |
| Other employer contribution | Qualified matching contributions (QMAC) permitted under the Plan; none made for the years ended December 31, 2025 and 2024 |
At a $60,000 salary, contributing 6% ($3,600) earns the full employer match of $1,800 for the year.
What the filing says, word for word
“The Companies match 50% of the first 6% of compensation that the participant contributes to the Plan. The Companies do not match catch-up contributions.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Farmers National Banc's 401(k) vesting schedule?
Farmers National Banc vests the employer match on a graded schedule: 0% after one year, rising to 100% after six. Each step is money that leaves with you that year, which is how a graded schedule differs from a cliff.
| Employer match vesting | Graded: 0% at 1 yr, 20% at 2 yr, 40% at 3 yr, 60% at 4 yr, 80% at 5 yr, 100% at 6 yr |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | In the event of Plan termination, participants will become 100% vested in their accounts. |
| Other employer contributions | Vesting in the Companies' matching and discretionary contributions is based on years of continuous service according to the following schedule (same graded schedule as the match). |
Vesting, word for word
“Participants are immediately vested in their contributions plus earnings thereon. Vesting in the Companies' matching and discretionary contributions is based on years of continuous service according to the following schedule:”
Source: Form 11-K filed June 18, 2026, SEC EDGAR · SEC ↗
Who can join Farmers National Banc's 401(k), and is enrollment automatic?
Farmers National Banc enrolls new hires automatically at 3% of pay, rising 1% a year to 6% of pay.
| Plan entry | Age 18 or older and completed 60 days of service; plan entry is the first of the month coinciding with or next following the date the employee satisfies eligibility requirements. |
|---|---|
| Match eligibility | Same requirement as plan entry: age 18 or older and 60 days of service triggers eligibility to receive employer matching and discretionary contributions. |
| Automatic enrollment | Yes: default deferral 3% of pay; auto-escalation +1%/yr to 6% |
Eligibility, word for word
“Employees are eligible to participate in the Plan and receive employer matching and discretionary contributions when they are age 18 or older and have completed 60 days of service. Plan entry dates are the first of the month coinciding with or next following the date the employee satisfies eligibility requirements.”
Automatic enrollment, word for word
“Effective April 1, 2025, the Plan was amended to put into place an auto-enrollment and auto-increase function. The new amendment auto-enrolls new employees into the plan at a 3% contribution rate. Current employees not enrolled in the plan, or who are currently contributing less than 3%, will be auto-enrolled, or increased, to the 3% contribution rate. All Employees will have their contributions auto-increased by 1% per year until they reach 6%. Employees can elect out of auto-enrollment and increase via the Empower website.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Empower, filed as “EMPOWER ANNUITY INSURANCE COMPANY”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
7,876 plans on file name Empower as their recordkeeper. Of those, the 7,813 with a computable fee have a median plan-paid cost of $165.72 per participant.
Participants log in at Empower ↗. 401(k) Monitor is not affiliated with Empower or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Empower |
|---|---|
| Recordkeeper EIN | 840467907 |
| Recordkeeper address | 8515 East Orchard Road, Greenwood Village, CO 80111 |
What does the Farmers National Banc plan report on Form 5500?
The Farmers National Banc plan reported $60.6M in assets and 707 participants for plan year 2024.
| Total plan assets | $60,627,075 |
|---|---|
| Participants | 707 |
| Plan-paid admin cost per participant | $158.04 |
How that cost compares
This plan pays $158.04 per participant. The median across plans at banks and lenders is $152.83, from the 2,143 of 2,264 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Farmers National Bank 401(k) Retirement Savings Plan, which has no page of its own here.
How does Farmers National Banc's 401(k) match compare?
Farmers National Banc Corp's maximum 401(k) match of 3% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at banks and lenders, two report the same recordkeeper and one vests on the same schedule.
Maximum match 3% of pay. Also at banks and lenders.
Maximum match 3% of pay. Also at banks and lenders.
Maximum match 2.5% of pay. Also at banks and lenders.
Maximum match 3% of pay. Same recordkeeper, Empower.
Maximum match 3% of pay. Same recordkeeper, Empower.
Match vests in steps, 100% after 6 years. Also fully vested after 6 years, like Farmers National Banc.
Compare Farmers National Banc Corp with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 18, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Farmers National Banc Corp's 401(k) match?
Farmers National Banc Corp matches 50% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the Farmers National Banc Corp 401(k) match vest?
Graded: 0% at 1 yr, 20% at 2 yr, 40% at 3 yr, 60% at 4 yr, 80% at 5 yr, 100% at 6 yr.
Does Farmers National Banc Corp's 401(k) plan have automatic enrollment?
Yes: default deferral 3% of pay; auto-escalation +1%/yr to 6%.
Who is the recordkeeper for Farmers National Banc Corp's 401(k)?
Empower is named as the recordkeeper on the Form 5500 filed for Farmers National Bank 401(k) Retirement Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Farmers National Banc Corp filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Farmers National Banc Corp |
| SEC CIK | 709337 |
| Accession number | 0001437749-26-021132 |
| Plan | Farmers National Bank 401(k) Retirement Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 18, 2026 |
401(k) Monitor is not affiliated with Farmers National Banc Corp, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Farmers National Banc Corp 401(k) plan facts”, from SEC Form 11-K accession 0001437749-26-021132, plan year ended December 31, 2025.
