2023 Form 5500 filing — The Citizens Bank Ksop 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 20241113160858NAL0019227361001) for The Citizens Bank Ksop Plan, reported by The Citizens Bank under EIN 57-0874845 and plan number 001. It reports 241 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241113160858NAL0019227361001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Citizens Bank
- EIN
- 57-0874845
- Plan number
- 001
- Location
- Florence, SC
- Participants
- 241
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $24,947,571
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,947,571
- Employer contributions
- $500,000
- Participant contributions
- $905,177
- Total income / additions
- $4,533,710
- Benefits paid
- $944,441
- Administrative expenses
- $3,250
- Total expenses
- $947,691
- Net increase / (decrease)
- $3,586,019
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $3,250 | $0 |