2023 Form 5500 filing — Citizens Bank And Trust 401k Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241008095410NAL0016423777001) for Citizens Bank And Trust 401k Plan, reported by Citizens Bank And Trust under EIN 43-1994736 and plan number 001. It reports 171 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241008095410NAL0016423777001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Citizens Bank And Trust
- EIN
- 43-1994736
- Plan number
- 001
- Location
- Guntersville, AL
- Participants
- 171
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $11,756,680
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $11,756,680
- Employer contributions
- $451,959
- Participant contributions
- $586,058
- Total income / additions
- $3,493,908
- Benefits paid
- $1,446,465
- Administrative expenses
- $33,395
- Total expenses
- $1,479,860
- Net increase / (decrease)
- $2,014,048
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Benefit Professionals Inc. | CONTRACT ADMIN | $1,875 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORDKEEPER | $1,050 | $0 |
| Empower Advisory Group LLC | INVESSTMENT MANAGEMENT | $73 | not reported in the loaded dataset |