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CITIZENS BANK 401K PLAN 401k Plan overview

Plan NameCITIZENS BANK 401K PLAN
Plan identification number 003

CITIZENS BANK 401K PLAN 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.

401k Sponsoring company profile

CITIZENS SAVINGS BANK & TRUST has sponsored the creation of one or more 401k plans.

Company Name:CITIZENS SAVINGS BANK & TRUST
Employer identification number (EIN):620159460
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS BANK 401K PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01ANNA HARRIS2024-02-15 ANNA HARRIS2024-02-15
0032022-01-01ANNA HARRIS2023-03-14 ANNA HARRIS2023-03-14
0032021-01-01ANNA HARRIS2022-03-09 ANNA HARRIS2022-03-09
0032020-01-01ANNE SAMS2021-03-01 ANNE SAMS2021-03-01
0032019-01-01ANNE M. SAMS2020-08-11 ANNE M. SAMS2020-08-11
0032018-01-01ANNE SAMS2019-08-26 ANNE SAMS2019-08-26
0032017-01-01PATRICIA MAYS2018-03-23 PATRICIA MAYS2018-03-23
0032016-01-01PATRICIA MAYS2017-10-16 PATRICIA MAYS2017-10-16
0032015-01-01PATRICIA MAYS2016-10-14 PATRICIA MAYS2016-10-14
0032014-01-01PATRICIA MAYS2015-06-10 PATRICIA MAYS2015-06-10
0032013-01-01PATRICIA MAYS2015-01-09
0032012-01-01PATRICIA MAYS2013-10-11
0032011-01-01DR DEBORAH COLE2012-10-09
0032010-01-01DR DEBORAH COLE2011-07-18

Financial Data on CITIZENS BANK 401K PLAN

Measure Date Value
2024 : CITIZENS BANK 401K PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-02-1615831
Net assets as of the end of the plan year2024-02-16505399
Total assets as of the beginning of the plan year2024-02-16376719
Value of plan covered by a fidelity bond2024-02-161000000
Participant contributions to plan in this plan year2024-02-1657724
Value of participant loans at end of plan year2024-02-1620574
Other expenses paid from plan in this plan year2024-02-160
Other income to plan in this plan year2024-02-1649869
Plan net income in this plan year2024-02-16128680
Net assets as of the end of the plan year2024-02-16505399
Net assets as of the beginning of the plan year2024-02-16376719
Employer contributions to plan in this plan year2024-02-1636918
Fees paid to broker by Benefit Provider2024-02-161619
Expensese paid to adminstrative service provicers from plan in this plan year2024-02-160
2022 : CITIZENS BANK 401K PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-03-0917198
Net assets as of the end of the plan year2022-03-09421818
Total assets as of the beginning of the plan year2022-03-09322184
Value of plan covered by a fidelity bond2022-03-09500000
Participant contributions to plan in this plan year2022-03-0946434
Value of participant loans at end of plan year2022-03-0935105
Other expenses paid from plan in this plan year2022-03-090
Other income to plan in this plan year2022-03-0938156
Plan net income in this plan year2022-03-0999634
Net assets as of the end of the plan year2022-03-09421818
Net assets as of the beginning of the plan year2022-03-09322184
Employer contributions to plan in this plan year2022-03-0932242
Fees paid to broker by Benefit Provider2022-03-092024
Expensese paid to adminstrative service provicers from plan in this plan year2022-03-092735

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