Citizens National Bank 401(K) Profit Sharing Plan — Form 5500 plan (Citizens National 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 National Bank 401(K) Profit Sharing Plan is a benefit plan reported by Citizens National Bank under EIN 62-0883220 and plan number 001. The latest loaded filing year is 2023. The filing reports 270 participants and $21,647,028 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Citizens National Bank
- EIN
- 62-0883220
- Plan number
- 001
- Plan type
- 2
- Location
- Sevierville, TN
- Latest filing year
- 2023
- Participants
- 270
- End-of-year plan assets
- $21,647,028
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 270 | H, C | 20240911120937NAL0004242131001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,647,028
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $21,647,028
- Net assets (BOY)
- $19,136,910
Income & contributions
- Employer contributions
- $517,332
- Participant contributions
- $698,726
- Total contributions
- $1,304,573
- Total income / additions
- $4,510,006
Expenses & distributions
- Benefits paid
- $1,922,257
- Administrative expenses
- $77,631
- Total expenses
- $1,999,888
- Net increase / (decrease)
- $2,510,118
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| The Trust Company Of Tennessee Inc | NONE | $77,631 | $0 | 2023 |