Sba Defined Contribution Plan For Citizens And Farmers Bank — Form 5500 plan (Citizens And Farmers 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, Sba Defined Contribution Plan For Citizens And Farmers Bank is a benefit plan reported by Citizens And Farmers Bank under EIN 54-0169510 and plan number 002. The latest loaded filing year is 2023. The filing reports 467 participants and $53,658,971 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Citizens And Farmers Bank
- EIN
- 54-0169510
- Plan number
- 002
- Plan type
- 2
- Location
- West Point, VA
- Latest filing year
- 2023
- Participants
- 467
- End-of-year plan assets
- $53,658,971
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 467 | H, C | 20240703130658NAL0004483507001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $53,658,971
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $53,658,971
- Net assets (BOY)
- $40,901,237
Income & contributions
- Employer contributions
- $1,296,615
- Participant contributions
- $2,057,231
- Total contributions
- $3,561,037
- Total income / additions
- $10,731,906
Expenses & distributions
- Benefits paid
- $5,034,748
- Administrative expenses
- $265,537
- Total expenses
- $5,300,285
- Net increase / (decrease)
- $5,431,621
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Voya Retirement Insurance & Annuity | SERVICE PROVIDER | $156,080 | $0 | 2023 |
| Vba Benefits Corporation | SERVICE PROVIDER | $109,456 | not reported in the loaded dataset | 2023 |