The Citizens Bank Ksop Plan — Form 5500 plan (The Citizens 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, The Citizens Bank Ksop Plan is a benefit plan reported by The Citizens Bank under EIN 57-0874845 and plan number 001. The latest loaded filing year is 2023. The filing reports 241 participants and $24,947,571 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Citizens Bank
- EIN
- 57-0874845
- Plan number
- 001
- Plan type
- 2
- Location
- Florence, SC
- Latest filing year
- 2023
- Participants
- 241
- End-of-year plan assets
- $24,947,571
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 241 | H, C | 20241113160858NAL0019227361001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,947,571
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,947,571
- Net assets (BOY)
- $21,361,552
Income & contributions
- Employer contributions
- $500,000
- Participant contributions
- $905,177
- Total contributions
- $1,895,771
- Total income / additions
- $4,533,710
Expenses & distributions
- Benefits paid
- $944,441
- Administrative expenses
- $3,250
- Total expenses
- $947,691
- Net increase / (decrease)
- $3,586,019
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $3,250 | $0 | 2023 |