The Citizens Bank 401(K) 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 401(K) Plan is a benefit plan reported by The Citizens Bank under EIN 71-0258539 and plan number 001. The latest loaded filing year is 2023. The filing reports 264 participants and $15,793,548 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Citizens Bank
- EIN
- 71-0258539
- Plan number
- 001
- Plan type
- 2
- Location
- Batesville, AR
- Latest filing year
- 2023
- Participants
- 264
- End-of-year plan assets
- $15,793,548
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 264 | H, C | 20241015104618NAL0028104721001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $15,793,548
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,793,548
- Net assets (BOY)
- $14,305,250
Income & contributions
- Employer contributions
- $612,163
- Participant contributions
- $930,773
- Total contributions
- $1,860,550
- Total income / additions
- $4,139,958
Expenses & distributions
- Benefits paid
- $2,558,968
- Administrative expenses
- $92,692
- Total expenses
- $2,651,660
- Net increase / (decrease)
- $1,488,298
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Merrill Lynch Pierce Fenner & Smith | CONSULTANT | $43,758 | $17 | 2023 |
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $33,034 | $0 | 2023 |
| Hogan Taylor Llp | ACCOUNTANT | $15,900 | not reported in the loaded dataset | 2023 |