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CITIZENS BANK AND TRUST COMPANY PENSION PLAN AND TRUST 401k Plan overview

Plan NameCITIZENS BANK AND TRUST COMPANY PENSION PLAN AND TRUST
Plan identification number 002

CITIZENS BANK AND TRUST COMPANY PENSION PLAN AND TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CITIZENS BANK AND TRUST COMPANY has sponsored the creation of one or more 401k plans.

Company Name:CITIZENS BANK AND TRUST COMPANY
Employer identification number (EIN):470125860
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS BANK AND TRUST COMPANY PENSION PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01JEFF VARNEY2024-07-01
0022022-01-01JEFF VARNEY2023-06-21
0022021-01-01JEFF VARNEY2022-06-28
0022020-01-01JEFF J. VARNEY2021-06-23
0022019-01-01JEFF VARNEY2020-06-15
0022018-01-01JEFF VARNEY2019-07-26
0022017-01-01JEFF VARNEY2018-07-18
0022016-01-01JEFF VARNEY2017-07-17
0022015-01-01JEFF VARNEY2016-06-28
0022014-01-01LARRY E HURLBURT2015-07-22
0022013-01-01LARRY E HURLBURT2014-06-25
0022012-01-01LARRY E HURLBURT2013-05-20 LARRY E HURLBURT2013-05-20
0022011-01-01LARRY E HURLBURT2012-05-08
0022010-01-01LARRY E HURLBURT2011-05-24

Financial Data on CITIZENS BANK AND TRUST COMPANY PENSION PLAN AND TRUST

Measure Date Value
2025 : CITIZENS BANK AND TRUST COMPANY PENSION PLAN AND TRUST 2025 401k financial data
Total liabilities as of the end of the plan year2025-06-300
Total liabilities as of the beginning of the plan year2025-06-300
Total expenses incurred by plan in this plan year2025-06-3065693
Net assets as of the end of the plan year2025-06-304990606
Total assets as of the beginning of the plan year2025-06-304375595
Value of plan covered by a fidelity bond2025-06-3025000
Participant contributions to plan in this plan year2025-06-30124847
Value of participant loans at end of plan year2025-06-3076022
Other income to plan in this plan year2025-06-30447362
Plan net income in this plan year2025-06-30615011
Net assets as of the end of the plan year2025-06-304990606
Net assets as of the beginning of the plan year2025-06-304375595
Employer contributions to plan in this plan year2025-06-30108495
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-30174
2024 : CITIZENS BANK AND TRUST COMPANY PENSION PLAN AND TRUST 2024 401k financial data
Total liabilities as of the end of the plan year2024-07-010
Total liabilities as of the beginning of the plan year2024-07-010
Total expenses incurred by plan in this plan year2024-07-01124882
Net assets as of the end of the plan year2024-07-014375595
Total assets as of the beginning of the plan year2024-07-013745150
Value of plan covered by a fidelity bond2024-07-0125000
Participant contributions to plan in this plan year2024-07-01117504
Value of participant loans at end of plan year2024-07-018532
Other expenses paid from plan in this plan year2024-07-010
Other contributions to plan in this plan year2024-07-010
Other income to plan in this plan year2024-07-01536536
Plan net income in this plan year2024-07-01630445
Net assets as of the end of the plan year2024-07-014375595
Net assets as of the beginning of the plan year2024-07-013745150
Employer contributions to plan in this plan year2024-07-01101287
Expensese paid to adminstrative service provicers from plan in this plan year2024-07-01155

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