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CITIZENS BANK AND TRUST COMPANY PROFIT SHARING PLAN 401k Plan overview

Plan NameCITIZENS BANK AND TRUST COMPANY PROFIT SHARING PLAN
Plan identification number 002

CITIZENS BANK AND TRUST COMPANY PROFIT SHARING 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.
  • 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 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):640134514
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01JIMMY PRITCHARD2024-04-25 NELLE H PRITCHARD2024-04-25
0022022-01-01JIMMY PRITCHARD2023-05-30 NELLE PRITCHARD2023-05-30
0022021-01-01JIMMY PRITCHARD2022-04-27 NELLE PRITCHARD2022-04-27
0022020-01-01NELLE H PRITCHARD2021-05-10
0022019-01-01TAYLOR SIBLEY2020-08-27 NELLE PRITCHARD2020-08-27
0022018-01-01TAYLOR SIBLEY2019-07-19 NELLE PRITCHARD2019-07-19
0022017-01-01NELLE PRITCHARD2018-05-31
0022016-01-01FRANK L SIBLEY2017-08-10
0022015-01-01FRANK L SIBLEY2016-06-16 FRANK L SIBLEY2016-06-16
0022014-01-01FRANK SIBLEY2015-09-01 FRANK SIBLEY2015-09-01
0022013-01-01FRANK L SIBLEY2014-07-24
0022012-01-01FRANK L SIBLEY2013-07-18
0022011-01-01FRANK L SIBLEY2012-07-19
0022010-01-01FRANK L. SIBLEY2011-07-22 CONTANCE O'NEAL2011-07-22

Financial Data on CITIZENS BANK AND TRUST COMPANY PROFIT SHARING PLAN

Measure Date Value
2025 : CITIZENS BANK AND TRUST COMPANY PROFIT SHARING PLAN 2025 401k financial data
Total liabilities as of the beginning of the plan year2025-04-110
Total expenses incurred by plan in this plan year2025-04-1144971
Net assets as of the end of the plan year2025-04-111563828
Total assets as of the beginning of the plan year2025-04-111422854
Value of plan covered by a fidelity bond2025-04-111000000
Other income to plan in this plan year2025-04-11149945
Plan net income in this plan year2025-04-11140974
Net assets as of the end of the plan year2025-04-111563828
Net assets as of the beginning of the plan year2025-04-111422854
Employer contributions to plan in this plan year2025-04-1136000
Expensese paid to adminstrative service provicers from plan in this plan year2025-04-1111707
2024 : CITIZENS BANK AND TRUST COMPANY PROFIT SHARING PLAN 2024 401k financial data
Total liabilities as of the beginning of the plan year2024-04-250
Total expenses incurred by plan in this plan year2024-04-2534143
Net assets as of the end of the plan year2024-04-251422854
Total assets as of the beginning of the plan year2024-04-251262596
Value of plan covered by a fidelity bond2024-04-251000000
Other income to plan in this plan year2024-04-25158401
Plan net income in this plan year2024-04-25160258
Net assets as of the end of the plan year2024-04-251422854
Net assets as of the beginning of the plan year2024-04-251262596
Employer contributions to plan in this plan year2024-04-2536000
Expensese paid to adminstrative service provicers from plan in this plan year2024-04-258210
2022 : CITIZENS BANK AND TRUST COMPANY PROFIT SHARING PLAN 2022 401k financial data
Total liabilities as of the beginning of the plan year2022-04-270
Total expenses incurred by plan in this plan year2022-04-27218416
Net assets as of the end of the plan year2022-04-271525529
Total assets as of the beginning of the plan year2022-04-271495604
Value of plan covered by a fidelity bond2022-04-271000000
Other contributions to plan in this plan year2022-04-2738232
Other income to plan in this plan year2022-04-27180109
Plan net income in this plan year2022-04-2729925
Net assets as of the end of the plan year2022-04-271525529
Net assets as of the beginning of the plan year2022-04-271495604
Employer contributions to plan in this plan year2022-04-2730000
Expensese paid to adminstrative service provicers from plan in this plan year2022-04-2711099

Potentially related plans

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