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CITIZENS BANK 401(K) PLAN 401k Plan overview

Plan NameCITIZENS BANK 401(K) PLAN
Plan identification number 001

CITIZENS BANK 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • 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 BANK has sponsored the creation of one or more 401k plans.

Company Name:CITIZENS BANK
Employer identification number (EIN):750194635
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

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

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01
0012022-01-01
0012021-01-01
0012020-01-01
0012019-01-01
0012018-01-01JEFF NUNN2019-04-15 JEFF NUNN2019-04-15
0012017-01-01JEFF NUNN2018-03-19 JEFF NUNN2018-03-19
0012016-01-01JEFF NUNN2017-03-20 JEFF NUNN2017-03-20
0012015-01-01JEFF NUNN2016-03-28 JEFF NUNN2016-03-28
0012014-01-01JEFF NUNN2015-03-27
0012011-01-01JEFF NUNN2012-06-12
0012010-01-01JEFF NUNN
0012009-01-01JEFF NUNN

Financial Data on CITIZENS BANK 401(K) PLAN

Measure Date Value
2025 : CITIZENS BANK 401(K) PLAN 2025 401k financial data
Total transfers to/from plan in this plan year2025-08-120
Total liabilities as of the end of the plan year2025-08-120
Total liabilities as of the beginning of the plan year2025-08-120
Total expenses incurred by plan in this plan year2025-08-1285884
Net assets as of the end of the plan year2025-08-124400356
Total assets as of the beginning of the plan year2025-08-123589569
Value of plan covered by a fidelity bond2025-08-124000000
Participant contributions to plan in this plan year2025-08-12172915
Value of participant loans at end of plan year2025-08-1229580
Other expenses paid from plan in this plan year2025-08-120
Other contributions to plan in this plan year2025-08-120
Other income to plan in this plan year2025-08-12638188
Plan net income in this plan year2025-08-12810787
Net assets as of the end of the plan year2025-08-124400356
Net assets as of the beginning of the plan year2025-08-123589569
Value of contributions failed to transmitted timely2025-08-124660
Employer contributions to plan in this plan year2025-08-1285568
Fees paid to broker by Benefit Provider2025-08-121922
Expensese paid to adminstrative service provicers from plan in this plan year2025-08-1210614
2024 : CITIZENS BANK 401(K) PLAN 2024 401k financial data
Total expenses incurred by plan in this plan year2024-10-1089878
Net assets as of the end of the plan year2024-10-103589569
Total assets as of the beginning of the plan year2024-10-102871310
Value of plan covered by a fidelity bond2024-10-102800000
Participant contributions to plan in this plan year2024-10-10146728
Value of participant loans at end of plan year2024-10-1029893
Other contributions to plan in this plan year2024-10-102
Other income to plan in this plan year2024-10-10604726
Plan net income in this plan year2024-10-10718259
Net assets as of the end of the plan year2024-10-103589569
Net assets as of the beginning of the plan year2024-10-102871310
Employer contributions to plan in this plan year2024-10-1056681
Fees paid to broker by Benefit Provider2024-10-101359
Expensese paid to adminstrative service provicers from plan in this plan year2024-10-108547
2022 : CITIZENS BANK 401(K) PLAN 2022 401k financial data
Total expenses incurred by plan in this plan year2022-10-1363433
Net assets as of the end of the plan year2022-10-133980945
Total assets as of the beginning of the plan year2022-10-133369401
Value of plan covered by a fidelity bond2022-10-132800000
Participant contributions to plan in this plan year2022-10-13141321
Value of participant loans at end of plan year2022-10-1333746
Other income to plan in this plan year2022-10-13480905
Plan net income in this plan year2022-10-13611544
Net assets as of the end of the plan year2022-10-133980945
Net assets as of the beginning of the plan year2022-10-133369401
Employer contributions to plan in this plan year2022-10-1352751
Fees paid to broker by Benefit Provider2022-10-131416
Expensese paid to adminstrative service provicers from plan in this plan year2022-10-138841
2010 : CITIZENS BANK 401(K) PLAN 2010 401k financial data
Transfers to/from the plan2010-12-31$0
Total plan liabilities at end of year2010-12-31$0
Total plan liabilities at beginning of year2010-12-31$633
Total income from all sources2010-12-31$155,131
Expenses. Total of all expenses incurred2010-12-31$0
Benefits paid (including direct rollovers)2010-12-31$0
Total plan assets at end of year2010-12-31$895,250
Total plan assets at beginning of year2010-12-31$740,752
Value of fidelity bond covering the plan2010-12-31$500,000
Total contributions received or receivable from participants2010-12-31$66,322
Expenses. Other expenses not covered elsewhere2010-12-31$0
Contributions received from other sources (not participants or employers)2010-12-31$0
Other income received2010-12-31$62,819
Noncash contributions received2010-12-31$0
Net income (gross income less expenses)2010-12-31$155,131
Net plan assets at end of year (total assets less liabilities)2010-12-31$895,250
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$740,119
Total contributions received or receivable from employer(s)2010-12-31$25,990
Value of certain deemed distributions of participant loans2010-12-31$0
Value of corrective distributions2010-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$0

Form 5500 Responses for CITIZENS BANK 401(K) PLAN

2010: CITIZENS BANK 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: CITIZENS BANK 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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