Citizens Bank Minnesota 401(K) Retirement Plan — Form 5500 plan (Citizens Bank Minnesota)
Plain-English plan 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, Citizens Bank Minnesota 401(K) Retirement Plan is a benefit plan reported by Citizens Bank Minnesota under EIN 41-0190880 and plan number 001. The latest loaded filing year is 2023. The filing reports 144 participants and $18,068,551 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Citizens Bank Minnesota
- EIN
- 41-0190880
- Plan number
- 001
- Plan type
- 2
- Location
- New Ulm, MN
- Latest filing year
- 2023
- Participants
- 144
- End-of-year plan assets
- $18,068,551
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 144 | H, C | 20240829080034NAL0007459891001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $18,068,551
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $18,068,551
- Net assets (BOY)
- $16,377,872
Income & contributions
- Employer contributions
- $495,529
- Participant contributions
- $502,663
- Total contributions
- $1,011,468
- Total income / additions
- $2,834,730
Expenses & distributions
- Benefits paid
- $1,096,283
- Administrative expenses
- $47,768
- Total expenses
- $1,144,051
- Net increase / (decrease)
- $1,690,679
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Benefit Plans Admin Services, Inc. | NONE | $46,444 | $0 | 2023 |