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THE CITIZENS NATIONAL BANK PENSION PLAN 401k Plan overview

Plan NameTHE CITIZENS NATIONAL BANK PENSION PLAN
Plan identification number 001

THE CITIZENS NATIONAL BANK PENSION PLAN Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
  • 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.

401k Sponsoring company profile

CITIZENS NATIONAL BANK has sponsored the creation of one or more 401k plans.

Company Name:CITIZENS NATIONAL BANK
Employer identification number (EIN):610156619
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about CITIZENS NATIONAL BANK

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 1900-07-02
Company Identification Number: 0000548402
Legal Registered Office Address: 118 SOUTH HOUSTON

CAMERON
United States of America (USA)
76520

More information about CITIZENS NATIONAL BANK

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE CITIZENS NATIONAL BANK PENSION PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01BETTY BRADSHAW2023-09-21 BETTY BRADSHAW2023-09-21
0012021-01-01BETTY BRADSHAW2022-09-16 BETTY BRADSHAW2022-09-16
0012020-01-01BETTY BRADSHAW2021-10-11 BETTY BRADSHAW2021-10-11
0012019-01-01BETTY BRADSHAW2020-10-08
0012018-01-01BETTY BRADSHAW2019-10-14 BETTY BRADSHAW2019-10-14
0012017-01-01BETTY BRADSHAW2018-10-08 BETTY BRADSHAW2018-10-08
0012016-01-01BETTY BRADSHAW2017-09-08 BETTY BRADSHAW2017-09-08
0012015-01-01BETTY BRADSHAW2016-10-17 BETTY BRADSHAW2016-10-17
0012014-01-01BETTY BRADSHAW2015-07-28 BETTY BRADSHAW2015-07-28
0012013-01-01BETTY BRADSHAW2014-09-18 BETTY BRADSHAW2014-09-18
0012012-01-01BETTY BRADSHAW2013-09-04 BETTY BRADSHAW2013-09-04
0012011-01-01BETTY BRADSHAW2012-10-03 BETTY BRADSHAW2012-10-03
0012010-12-01BETTY BRADSHAW2011-10-05 BETTY BRADSHAW2011-10-05
0012008-12-01

Plan Statistics for THE CITIZENS NATIONAL BANK PENSION PLAN

401k plan membership statisitcs for THE CITIZENS NATIONAL BANK PENSION PLAN

Measure Date Value
2022: THE CITIZENS NATIONAL BANK PENSION PLAN 2022 401k membership
Market value of plan assets2022-12-313,857,182
Acturial value of plan assets2022-12-313,512,756
Funding target for retired participants and beneficiaries receiving payment2022-12-311,618,274
Number of terminated vested participants2022-12-3112
Fundng target for terminated vested participants2022-12-31428,032
Active participant vested funding target2022-12-31715,860
Number of active participants2022-12-3115
Total funding liabilities for active participants2022-12-31715,860
Total participant count2022-12-3141
Total funding target for all participants2022-12-312,762,166
Balance at beginning of prior year after applicable adjustments2022-12-310
Prefunding balance at beginning of prior year after applicable adjustments2022-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2022-12-310
Prefunding balanced used to offset prior years funding requirement2022-12-310
Amount remaining of carryover balance2022-12-310
Amount remaining of prefunding balance2022-12-310
Present value of excess contributions2022-12-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-12-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-12-310
Reductions in caryover balances due to elections or deemed elections2022-12-310
Reductions in prefunding balances due to elections or deemed elections2022-12-310
Balance of carryovers at beginning of current year2022-12-310
Balance of prefunding at beginning of current year2022-12-310
Total employer contributions2022-12-3130,720
Contributions allocated toward unpaid minimum require contributions from prior years2022-12-310
Contributions made to avoid restrictions adjusted to valuation date2022-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-12-3129,373
Unpaid minimum required contributions for all prior years2022-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-12-310
Remaining amount of unpaid minimum required contributions2022-12-310
Minimum required contributions for current year target normal cost2022-12-3117,000
Net shortfall amortization installment of oustanding balance2022-12-310
Waiver amortization installment2022-12-310
Total funding amount beforereflecting carryover/prefunding balances2022-12-310
Carryover balance elected to use to offset funding requirement2022-12-310
Prefunding balance elected to use to offset funding requirement2022-12-310
Additional cash requirement2022-12-310
Contributions allocatedtoward minimum required contributions for current year2022-12-3129,373
Unpaid minimum required contributions for current year2022-12-310
Unpaid minimum required contributions for all years2022-12-310
2021: THE CITIZENS NATIONAL BANK PENSION PLAN 2021 401k membership
Market value of plan assets2021-12-313,420,539
Acturial value of plan assets2021-12-313,216,789
Funding target for retired participants and beneficiaries receiving payment2021-12-311,765,782
Number of terminated vested participants2021-12-3110
Fundng target for terminated vested participants2021-12-31287,480
Active participant vested funding target2021-12-31757,655
Number of active participants2021-12-3117
Total funding liabilities for active participants2021-12-31757,655
Total participant count2021-12-3142
Total funding target for all participants2021-12-312,810,917
Balance at beginning of prior year after applicable adjustments2021-12-310
Prefunding balance at beginning of prior year after applicable adjustments2021-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2021-12-310
Prefunding balanced used to offset prior years funding requirement2021-12-310
Amount remaining of carryover balance2021-12-310
Amount remaining of prefunding balance2021-12-310
Present value of excess contributions2021-12-31128,913
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-12-31135,874
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-12-310
Reductions in caryover balances due to elections or deemed elections2021-12-310
Reductions in prefunding balances due to elections or deemed elections2021-12-310
Balance of carryovers at beginning of current year2021-12-310
Balance of prefunding at beginning of current year2021-12-310
Total employer contributions2021-12-310
Total employee contributions2021-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-12-310
Contributions made to avoid restrictions adjusted to valuation date2021-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-12-310
Unpaid minimum required contributions for all prior years2021-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-12-310
Remaining amount of unpaid minimum required contributions2021-12-310
Minimum required contributions for current year target normal cost2021-12-3117,000
Net shortfall amortization installment of oustanding balance2021-12-310
Waiver amortization installment2021-12-310
Total funding amount beforereflecting carryover/prefunding balances2021-12-310
Carryover balance elected to use to offset funding requirement2021-12-310
Prefunding balance elected to use to offset funding requirement2021-12-310
Additional cash requirement2021-12-310
Contributions allocatedtoward minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for current year2021-12-310
Unpaid minimum required contributions for all years2021-12-310
2020: THE CITIZENS NATIONAL BANK PENSION PLAN 2020 401k membership
Market value of plan assets2020-12-313,154,496
Acturial value of plan assets2020-12-313,045,959
Funding target for retired participants and beneficiaries receiving payment2020-12-311,794,197
Number of terminated vested participants2020-12-3112
Fundng target for terminated vested participants2020-12-31331,023
Active participant vested funding target2020-12-31771,571
Number of active participants2020-12-3118
Total funding liabilities for active participants2020-12-31771,571
Total participant count2020-12-3143
Total funding target for all participants2020-12-312,896,791
Balance at beginning of prior year after applicable adjustments2020-12-310
Prefunding balance at beginning of prior year after applicable adjustments2020-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2020-12-310
Prefunding balanced used to offset prior years funding requirement2020-12-310
Amount remaining of carryover balance2020-12-310
Amount remaining of prefunding balance2020-12-310
Present value of excess contributions2020-12-31128,593
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-12-31135,743
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-12-310
Reductions in caryover balances due to elections or deemed elections2020-12-310
Reductions in prefunding balances due to elections or deemed elections2020-12-310
Balance of carryovers at beginning of current year2020-12-310
Balance of prefunding at beginning of current year2020-12-310
Total employer contributions2020-12-31141,000
Total employee contributions2020-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-12-310
Contributions made to avoid restrictions adjusted to valuation date2020-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-12-31128,913
Unpaid minimum required contributions for all prior years2020-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-12-310
Remaining amount of unpaid minimum required contributions2020-12-310
Minimum required contributions for current year target normal cost2020-12-3117,000
Net shortfall amortization installment of oustanding balance2020-12-310
Waiver amortization installment2020-12-310
Total funding amount beforereflecting carryover/prefunding balances2020-12-310
Carryover balance elected to use to offset funding requirement2020-12-310
Prefunding balance elected to use to offset funding requirement2020-12-310
Additional cash requirement2020-12-310
Contributions allocatedtoward minimum required contributions for current year2020-12-31128,913
Unpaid minimum required contributions for current year2020-12-310
Unpaid minimum required contributions for all years2020-12-310
2019: THE CITIZENS NATIONAL BANK PENSION PLAN 2019 401k membership
Market value of plan assets2019-12-312,745,447
Acturial value of plan assets2019-12-312,849,327
Funding target for retired participants and beneficiaries receiving payment2019-12-311,496,475
Number of terminated vested participants2019-12-3112
Fundng target for terminated vested participants2019-12-31303,983
Active participant vested funding target2019-12-311,031,198
Number of active participants2019-12-3120
Total funding liabilities for active participants2019-12-311,031,198
Total participant count2019-12-3142
Total funding target for all participants2019-12-312,831,656
Balance at beginning of prior year after applicable adjustments2019-12-310
Prefunding balance at beginning of prior year after applicable adjustments2019-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2019-12-310
Prefunding balanced used to offset prior years funding requirement2019-12-310
Amount remaining of carryover balance2019-12-310
Amount remaining of prefunding balance2019-12-310
Present value of excess contributions2019-12-31128,325
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-12-31135,691
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-12-310
Reductions in caryover balances due to elections or deemed elections2019-12-310
Reductions in prefunding balances due to elections or deemed elections2019-12-310
Balance of carryovers at beginning of current year2019-12-310
Balance of prefunding at beginning of current year2019-12-310
Total employer contributions2019-12-31141,000
Total employee contributions2019-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-12-310
Contributions made to avoid restrictions adjusted to valuation date2019-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-12-31128,593
Unpaid minimum required contributions for all prior years2019-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-12-310
Remaining amount of unpaid minimum required contributions2019-12-310
Minimum required contributions for current year target normal cost2019-12-3117,000
Net shortfall amortization installment of oustanding balance2019-12-310
Waiver amortization installment2019-12-310
Total funding amount beforereflecting carryover/prefunding balances2019-12-310
Carryover balance elected to use to offset funding requirement2019-12-310
Prefunding balance elected to use to offset funding requirement2019-12-310
Additional cash requirement2019-12-310
Contributions allocatedtoward minimum required contributions for current year2019-12-31128,593
Unpaid minimum required contributions for current year2019-12-310
Unpaid minimum required contributions for all years2019-12-310
2018: THE CITIZENS NATIONAL BANK PENSION PLAN 2018 401k membership
Market value of plan assets2018-12-312,885,406
Acturial value of plan assets2018-12-312,730,349
Funding target for retired participants and beneficiaries receiving payment2018-12-311,461,754
Number of terminated vested participants2018-12-3110
Fundng target for terminated vested participants2018-12-31254,220
Active participant vested funding target2018-12-31935,008
Number of active participants2018-12-3122
Total funding liabilities for active participants2018-12-31935,008
Total participant count2018-12-3142
Total funding target for all participants2018-12-312,650,982
Balance at beginning of prior year after applicable adjustments2018-12-310
Prefunding balance at beginning of prior year after applicable adjustments2018-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2018-12-310
Prefunding balanced used to offset prior years funding requirement2018-12-310
Amount remaining of carryover balance2018-12-310
Amount remaining of prefunding balance2018-12-310
Present value of excess contributions2018-12-3190,663
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-12-3196,048
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-12-310
Reductions in caryover balances due to elections or deemed elections2018-12-310
Reductions in prefunding balances due to elections or deemed elections2018-12-310
Balance of carryovers at beginning of current year2018-12-310
Balance of prefunding at beginning of current year2018-12-310
Total employer contributions2018-12-31141,000
Total employee contributions2018-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-12-310
Contributions made to avoid restrictions adjusted to valuation date2018-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-12-31128,325
Unpaid minimum required contributions for all prior years2018-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-12-310
Remaining amount of unpaid minimum required contributions2018-12-310
Minimum required contributions for current year target normal cost2018-12-3117,000
Net shortfall amortization installment of oustanding balance2018-12-310
Waiver amortization installment2018-12-310
Total funding amount beforereflecting carryover/prefunding balances2018-12-310
Carryover balance elected to use to offset funding requirement2018-12-310
Prefunding balance elected to use to offset funding requirement2018-12-310
Additional cash requirement2018-12-310
Contributions allocatedtoward minimum required contributions for current year2018-12-31128,325
Unpaid minimum required contributions for current year2018-12-310
Unpaid minimum required contributions for all years2018-12-310
2017: THE CITIZENS NATIONAL BANK PENSION PLAN 2017 401k membership
Market value of plan assets2017-12-312,523,542
Acturial value of plan assets2017-12-312,537,877
Funding target for retired participants and beneficiaries receiving payment2017-12-31802,769
Number of terminated vested participants2017-12-319
Fundng target for terminated vested participants2017-12-31222,188
Active participant vested funding target2017-12-311,495,460
Number of active participants2017-12-3124
Total funding liabilities for active participants2017-12-311,495,460
Total participant count2017-12-3142
Total funding target for all participants2017-12-312,520,417
Balance at beginning of prior year after applicable adjustments2017-12-310
Prefunding balance at beginning of prior year after applicable adjustments2017-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2017-12-310
Prefunding balanced used to offset prior years funding requirement2017-12-310
Amount remaining of carryover balance2017-12-310
Amount remaining of prefunding balance2017-12-310
Present value of excess contributions2017-12-3171,192
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-12-3175,563
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-12-310
Reductions in caryover balances due to elections or deemed elections2017-12-310
Reductions in prefunding balances due to elections or deemed elections2017-12-310
Balance of carryovers at beginning of current year2017-12-310
Balance of prefunding at beginning of current year2017-12-310
Total employer contributions2017-12-31100,000
Total employee contributions2017-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2017-12-310
Contributions made to avoid restrictions adjusted to valuation date2017-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-12-3190,663
Unpaid minimum required contributions for all prior years2017-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-12-310
Remaining amount of unpaid minimum required contributions2017-12-310
Minimum required contributions for current year target normal cost2017-12-3117,000
Net shortfall amortization installment of oustanding balance2017-12-310
Waiver amortization installment2017-12-310
Total funding amount beforereflecting carryover/prefunding balances2017-12-310
Carryover balance elected to use to offset funding requirement2017-12-310
Prefunding balance elected to use to offset funding requirement2017-12-310
Additional cash requirement2017-12-310
Contributions allocatedtoward minimum required contributions for current year2017-12-3190,663
Unpaid minimum required contributions for current year2017-12-310
Unpaid minimum required contributions for all years2017-12-310
2016: THE CITIZENS NATIONAL BANK PENSION PLAN 2016 401k membership
Market value of plan assets2016-12-312,415,704
Acturial value of plan assets2016-12-312,439,868
Funding target for retired participants and beneficiaries receiving payment2016-12-31824,417
Number of terminated vested participants2016-12-319
Fundng target for terminated vested participants2016-12-31201,457
Active participant vested funding target2016-12-311,390,381
Number of active participants2016-12-3124
Total funding liabilities for active participants2016-12-311,390,381
Total participant count2016-12-3142
Total funding target for all participants2016-12-312,416,255
Balance at beginning of prior year after applicable adjustments2016-12-310
Prefunding balance at beginning of prior year after applicable adjustments2016-12-310
Carryover balanced portion elected for use to offset prior years funding requirement2016-12-310
Prefunding balanced used to offset prior years funding requirement2016-12-310
Amount remaining of carryover balance2016-12-310
Amount remaining of prefunding balance2016-12-310
Present value of excess contributions2016-12-3123,627
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2016-12-3125,125
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2016-12-310
Reductions in caryover balances due to elections or deemed elections2016-12-310
Reductions in prefunding balances due to elections or deemed elections2016-12-310
Balance of carryovers at beginning of current year2016-12-310
Balance of prefunding at beginning of current year2016-12-310
Total employer contributions2016-12-3177,500
Total employee contributions2016-12-310
Contributions allocated toward unpaid minimum require contributions from prior years2016-12-310
Contributions made to avoid restrictions adjusted to valuation date2016-12-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2016-12-3171,192
Unpaid minimum required contributions for all prior years2016-12-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2016-12-310
Remaining amount of unpaid minimum required contributions2016-12-310
Minimum required contributions for current year target normal cost2016-12-3116,000
Net shortfall amortization installment of oustanding balance2016-12-310
Waiver amortization installment2016-12-310
Total funding amount beforereflecting carryover/prefunding balances2016-12-310
Carryover balance elected to use to offset funding requirement2016-12-310
Prefunding balance elected to use to offset funding requirement2016-12-310
Additional cash requirement2016-12-310
Contributions allocatedtoward minimum required contributions for current year2016-12-3171,192
Unpaid minimum required contributions for current year2016-12-310
Unpaid minimum required contributions for all years2016-12-310

Form 5500 Responses for THE CITIZENS NATIONAL BANK PENSION PLAN

2008: THE CITIZENS NATIONAL BANK PENSION PLAN 2008 form 5500 responses
2008-12-01Type of plan entitySingle employer plan
2008-12-01Submission has been amendedNo
2008-12-01This submission is the final filingNo
2008-12-01This return/report is a short plan year return/report (less than 12 months)No
2008-12-01Plan is a collectively bargained planNo

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