Citizens First Bank 401(K) Plan — Form 5500 plan (Citizens First Bank)

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 First Bank 401(K) Plan is a benefit plan reported by Citizens First Bank under EIN 42-1501088 and plan number 001. The latest loaded filing year is 2023. The filing reports 57 participants and $3,280,910 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.3MPlan net assets, end of year$3,280,910
Participants57Covered participants reported
Assets / participant$57.6KComputed: assets ÷ participants$57,560 (computed)
Provider compensationNone reported
Plan sponsor
Citizens First Bank
EIN
42-1501088
Plan number
001
Plan type
2
Location
Clinton, IA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
202357I20241015181204NAL0030590657001
Schedule I · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$3.3M total assets
Net assets$3.3MLiabilities
Money in vs. money out
Total income / additions$1M
Total expenses$1.9M
Benefits paid / distributions$1.9M
Contributions
Employer$100K
Participant$191.7K
Full reported line items

Net assets

Total assets (EOY)
$3,280,910
Net assets (EOY)
$3,280,910
Net assets (BOY)
$4,190,958

Income & contributions

Employer contributions
$99,962
Participant contributions
$191,748
Total income / additions
$1,029,692

Expenses & distributions

Benefits paid
$1,923,886
Administrative expenses
$15,854
Total expenses
$1,939,740
Net increase / (decrease)
-$910,048
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 34%Participant 66%
Total expenses ÷ net assets59%Computed ratio
Benefits paid ÷ total income187%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages