401k Plan data: CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN plan

CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan Name	CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number	001

CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of 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.
Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

CITIZENS BANKSHARES OF SPRINGHILL has sponsored the creation of one or more 401k plans.

Company Name: CITIZENS BANKSHARES OF SPRINGHILL

Employer identification number (EIN): 720995860

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2009-01-01 G KENT GIBSON

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2009-01-01	G KENT GIBSON

Plan Statistics for CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2009: CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 82
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 68
Number of retired or separated participants receiving benefits 2009-01-01 4
Number of other retired or separated participants entitled to future benefits 2009-01-01 13
Total of all active and inactive participants 2009-01-01 85
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 56
Total participants 2009-01-01 141
Number of participants with account balances 2009-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2009: CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	82
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	68
Number of retired or separated participants receiving benefits	2009-01-01	4
Number of other retired or separated participants entitled to future benefits	2009-01-01	13
Total of all active and inactive participants	2009-01-01	85
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	56
Total participants	2009-01-01	141
Number of participants with account balances	2009-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN

Measure	Date	Value
2010 : CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN 2010 401k financial data
Transfers to/from the plan	2010-12-31	$0
Total plan liabilities at end of year	2010-12-31	$55,008
Total plan liabilities at beginning of year	2010-12-31	$82,512
Total income from all sources	2010-12-31	$308,907
Expenses. Total of all expenses incurred	2010-12-31	$172,552
Benefits paid (including direct rollovers)	2010-12-31	$172,112
Total plan assets at end of year	2010-12-31	$2,565,957
Total plan assets at beginning of year	2010-12-31	$2,457,106
Value of fidelity bond covering the plan	2010-12-31	$292,500
Total contributions received or receivable from participants	2010-12-31	$161,326
Expenses. Other expenses not covered elsewhere	2010-12-31	$0
Contributions received from other sources (not participants or employers)	2010-12-31	$7,170
Other income received	2010-12-31	$81,869
Noncash contributions received	2010-12-31	$0
Net income (gross income less expenses)	2010-12-31	$136,355
Net plan assets at end of year (total assets less liabilities)	2010-12-31	$2,510,949
Net plan assets at beginning of year (total assets less liabilities)	2010-12-31	$2,374,594
Assets. Value of employer securities	2010-12-31	$1,389,201
Total contributions received or receivable from employer(s)	2010-12-31	$58,542
Value of certain deemed distributions of participant loans	2010-12-31	$0
Value of corrective distributions	2010-12-31	$440
Expenses. Administrative service providers (salaries,fees and commissions)	2010-12-31	$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
2009 : CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN

2009: CITIZENS BANKSHARES OF SPRINGHILL EMPLOYEE STOCK OWNERSHIP PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	CITIZENS BANKSHARES OF SPRINGHILL
Employer identification number (EIN):	720995860