Citizens Bank Salary Savings Plan — Form 5500 plan (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, Citizens Bank Salary Savings Plan is a benefit plan reported by Citizens Bank under EIN 62-1580428 and plan number 002. The latest loaded filing year is 2023. The filing reports 267 participants and $20,590,981 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Citizens Bank
- EIN
- 62-1580428
- Plan number
- 002
- Plan type
- 2
- Location
- Elizabethton, TN
- Latest filing year
- 2023
- Participants
- 267
- End-of-year plan assets
- $20,590,981
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 267 | H, C | 20241007091437NAL0014971809001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $20,590,981
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,590,981
- Net assets (BOY)
- $17,200,467
Income & contributions
- Employer contributions
- $618,401
- Participant contributions
- $1,236,490
- Total contributions
- $1,881,410
- Total income / additions
- $4,543,902
Expenses & distributions
- Benefits paid
- $1,104,543
- Administrative expenses
- $48,845
- Total expenses
- $1,153,388
- Net increase / (decrease)
- $3,390,514
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wilshire Associates Inc (Usa) | RIA | $3,756 | not reported in the loaded dataset | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPER | $1,034 | not reported in the loaded dataset | 2023 |