401k Plan data: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) plan

CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 401k Plan overview

Plan Name	CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION)
Plan identification number	002

CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) Benefits

401k Plan Type

Defined 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.
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.
ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
The employer maintaining this ESOP is an S Corporation
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

CITIZENS BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name: CITIZENS BANCSHARES, INC.

Employer identification number (EIN): 731543851

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION)

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 JILL CASTILLA 2023-10-12
002 2021-01-01 JILL CASTILLA 2022-10-06
002 2020-01-01 JILL CASTILLA 2021-07-29
002 2019-01-01 JILL CASTILLA 2020-07-23 JILL CASTILLA 2020-07-23
002 2018-01-01 JILL CASTILLA 2019-09-30 JILL CASTILLA 2019-09-30
002 2017-01-01
002 2016-01-01
002 2015-01-01 JILL CASTILLA
002 2014-01-01 JILL CASTILLA
002 2013-01-01 JILL CASTILLA
002 2012-01-01 JILL CASTILLA
002 2011-01-01 JILL CASTILLA
002 2009-01-01 JILL CASTILLA
002 2009-01-01 JILL CASTILLA

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	JILL CASTILLA	2023-10-12
002	2021-01-01	JILL CASTILLA	2022-10-06
002	2020-01-01	JILL CASTILLA	2021-07-29
002	2019-01-01	JILL CASTILLA	2020-07-23	JILL CASTILLA	2020-07-23
002	2018-01-01	JILL CASTILLA	2019-09-30	JILL CASTILLA	2019-09-30
002	2017-01-01
002	2016-01-01
002	2015-01-01	JILL CASTILLA
002	2014-01-01	JILL CASTILLA
002	2013-01-01	JILL CASTILLA
002	2012-01-01	JILL CASTILLA
002	2011-01-01	JILL CASTILLA
002	2009-01-01	JILL CASTILLA
002	2009-01-01	JILL CASTILLA

Plan Statistics for CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION)

401k plan membership statisitcs for CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION)

Measure Date Value
2022: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2022 401k membership
Total participants, beginning-of-year 2022-01-01 84
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 57
Number of retired or separated participants receiving benefits 2022-01-01 13
Number of other retired or separated participants entitled to future benefits 2022-01-01 35
Total of all active and inactive participants 2022-01-01 105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 105
Number of participants with account balances 2022-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 12
2021: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2021 401k membership
Total participants, beginning-of-year 2021-01-01 88
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 50
Number of retired or separated participants receiving benefits 2021-01-01 3
Number of other retired or separated participants entitled to future benefits 2021-01-01 27
Total of all active and inactive participants 2021-01-01 80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 80
Number of participants with account balances 2021-01-01 78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 9
2020: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2020 401k membership
Total participants, beginning-of-year 2020-01-01 88
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 46
Number of retired or separated participants receiving benefits 2020-01-01 8
Number of other retired or separated participants entitled to future benefits 2020-01-01 35
Total of all active and inactive participants 2020-01-01 89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 89
Number of participants with account balances 2020-01-01 86
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 11
2019: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2019 401k membership
Total participants, beginning-of-year 2019-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 44
Number of retired or separated participants receiving benefits 2019-01-01 15
Number of other retired or separated participants entitled to future benefits 2019-01-01 25
Total of all active and inactive participants 2019-01-01 84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 0
Total participants 2019-01-01 84
Number of participants with account balances 2019-01-01 81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 7
2018: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2018 401k membership
Total participants, beginning-of-year 2018-01-01 119
Total number of active participants reported on line 7a of the Form 5500 2018-01-01 48
Number of retired or separated participants receiving benefits 2018-01-01 18
Number of other retired or separated participants entitled to future benefits 2018-01-01 42
Total of all active and inactive participants 2018-01-01 108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2018-01-01 0
Total participants 2018-01-01 108
Number of participants with account balances 2018-01-01 89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2018-01-01 7
2017: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2017 401k membership
Total participants, beginning-of-year 2017-01-01 99
Total number of active participants reported on line 7a of the Form 5500 2017-01-01 50
Number of retired or separated participants receiving benefits 2017-01-01 10
Number of other retired or separated participants entitled to future benefits 2017-01-01 57
Total of all active and inactive participants 2017-01-01 117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2017-01-01 2
Total participants 2017-01-01 119
Number of participants with account balances 2017-01-01 103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2017-01-01 6
2016: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2016 401k membership
Total participants, beginning-of-year 2016-01-01 98
Total number of active participants reported on line 7a of the Form 5500 2016-01-01 50
Number of retired or separated participants receiving benefits 2016-01-01 0
Number of other retired or separated participants entitled to future benefits 2016-01-01 53
Total of all active and inactive participants 2016-01-01 103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2016-01-01 0
Total participants 2016-01-01 103
Number of participants with account balances 2016-01-01 98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2016-01-01 16
2015: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2015 401k membership
Total participants, beginning-of-year 2015-01-01 100
Total number of active participants reported on line 7a of the Form 5500 2015-01-01 44
Number of retired or separated participants receiving benefits 2015-01-01 18
Number of other retired or separated participants entitled to future benefits 2015-01-01 35
Total of all active and inactive participants 2015-01-01 97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2015-01-01 0
Total participants 2015-01-01 97
Number of participants with account balances 2015-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2015-01-01 3
2014: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2014 401k membership
Total participants, beginning-of-year 2014-01-01 99
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 47
Number of retired or separated participants receiving benefits 2014-01-01 16
Number of other retired or separated participants entitled to future benefits 2014-01-01 32
Total of all active and inactive participants 2014-01-01 95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 95
Number of participants with account balances 2014-01-01 90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 9
2013: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2013 401k membership
Total participants, beginning-of-year 2013-01-01 104
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 50
Number of retired or separated participants receiving benefits 2013-01-01 13
Number of other retired or separated participants entitled to future benefits 2013-01-01 29
Total of all active and inactive participants 2013-01-01 92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 1
Total participants 2013-01-01 93
Number of participants with account balances 2013-01-01 93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 11
2012: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2012 401k membership
Total participants, beginning-of-year 2012-01-01 133
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 66
Number of retired or separated participants receiving benefits 2012-01-01 15
Number of other retired or separated participants entitled to future benefits 2012-01-01 22
Total of all active and inactive participants 2012-01-01 103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 1
Total participants 2012-01-01 104
Number of participants with account balances 2012-01-01 97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 11
2011: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2011 401k membership
Total participants, beginning-of-year 2011-01-01 140
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 68
Number of retired or separated participants receiving benefits 2011-01-01 33
Number of other retired or separated participants entitled to future benefits 2011-01-01 30
Total of all active and inactive participants 2011-01-01 131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 2
Total participants 2011-01-01 133
Number of participants with account balances 2011-01-01 125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 12
2009: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2009 401k membership
Total participants, beginning-of-year 2009-01-01 110
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 104
Number of retired or separated participants receiving benefits 2009-01-01 25
Number of other retired or separated participants entitled to future benefits 2009-01-01 16
Total of all active and inactive participants 2009-01-01 145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 145
Number of participants with account balances 2009-01-01 130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 10

Measure	Date	Value
2022: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2022 401k membership
Total participants, beginning-of-year	2022-01-01	84
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	57
Number of retired or separated participants receiving benefits	2022-01-01	13
Number of other retired or separated participants entitled to future benefits	2022-01-01	35
Total of all active and inactive participants	2022-01-01	105
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	105
Number of participants with account balances	2022-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	12
2021: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2021 401k membership
Total participants, beginning-of-year	2021-01-01	88
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	50
Number of retired or separated participants receiving benefits	2021-01-01	3
Number of other retired or separated participants entitled to future benefits	2021-01-01	27
Total of all active and inactive participants	2021-01-01	80
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	80
Number of participants with account balances	2021-01-01	78
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	9
2020: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2020 401k membership
Total participants, beginning-of-year	2020-01-01	88
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	46
Number of retired or separated participants receiving benefits	2020-01-01	8
Number of other retired or separated participants entitled to future benefits	2020-01-01	35
Total of all active and inactive participants	2020-01-01	89
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	89
Number of participants with account balances	2020-01-01	86
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	11
2019: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2019 401k membership
Total participants, beginning-of-year	2019-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	44
Number of retired or separated participants receiving benefits	2019-01-01	15
Number of other retired or separated participants entitled to future benefits	2019-01-01	25
Total of all active and inactive participants	2019-01-01	84
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	0
Total participants	2019-01-01	84
Number of participants with account balances	2019-01-01	81
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	7
2018: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2018 401k membership
Total participants, beginning-of-year	2018-01-01	119
Total number of active participants reported on line 7a of the Form 5500	2018-01-01	48
Number of retired or separated participants receiving benefits	2018-01-01	18
Number of other retired or separated participants entitled to future benefits	2018-01-01	42
Total of all active and inactive participants	2018-01-01	108
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2018-01-01	0
Total participants	2018-01-01	108
Number of participants with account balances	2018-01-01	89
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2018-01-01	7
2017: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2017 401k membership
Total participants, beginning-of-year	2017-01-01	99
Total number of active participants reported on line 7a of the Form 5500	2017-01-01	50
Number of retired or separated participants receiving benefits	2017-01-01	10
Number of other retired or separated participants entitled to future benefits	2017-01-01	57
Total of all active and inactive participants	2017-01-01	117
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2017-01-01	2
Total participants	2017-01-01	119
Number of participants with account balances	2017-01-01	103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2017-01-01	6
2016: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2016 401k membership
Total participants, beginning-of-year	2016-01-01	98
Total number of active participants reported on line 7a of the Form 5500	2016-01-01	50
Number of retired or separated participants receiving benefits	2016-01-01	0
Number of other retired or separated participants entitled to future benefits	2016-01-01	53
Total of all active and inactive participants	2016-01-01	103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2016-01-01	0
Total participants	2016-01-01	103
Number of participants with account balances	2016-01-01	98
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2016-01-01	16
2015: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2015 401k membership
Total participants, beginning-of-year	2015-01-01	100
Total number of active participants reported on line 7a of the Form 5500	2015-01-01	44
Number of retired or separated participants receiving benefits	2015-01-01	18
Number of other retired or separated participants entitled to future benefits	2015-01-01	35
Total of all active and inactive participants	2015-01-01	97
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2015-01-01	0
Total participants	2015-01-01	97
Number of participants with account balances	2015-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2015-01-01	3
2014: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2014 401k membership
Total participants, beginning-of-year	2014-01-01	99
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	47
Number of retired or separated participants receiving benefits	2014-01-01	16
Number of other retired or separated participants entitled to future benefits	2014-01-01	32
Total of all active and inactive participants	2014-01-01	95
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	95
Number of participants with account balances	2014-01-01	90
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	9
2013: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2013 401k membership
Total participants, beginning-of-year	2013-01-01	104
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	50
Number of retired or separated participants receiving benefits	2013-01-01	13
Number of other retired or separated participants entitled to future benefits	2013-01-01	29
Total of all active and inactive participants	2013-01-01	92
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	1
Total participants	2013-01-01	93
Number of participants with account balances	2013-01-01	93
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	11
2012: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2012 401k membership
Total participants, beginning-of-year	2012-01-01	133
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	66
Number of retired or separated participants receiving benefits	2012-01-01	15
Number of other retired or separated participants entitled to future benefits	2012-01-01	22
Total of all active and inactive participants	2012-01-01	103
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	1
Total participants	2012-01-01	104
Number of participants with account balances	2012-01-01	97
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	11
2011: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2011 401k membership
Total participants, beginning-of-year	2011-01-01	140
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	68
Number of retired or separated participants receiving benefits	2011-01-01	33
Number of other retired or separated participants entitled to future benefits	2011-01-01	30
Total of all active and inactive participants	2011-01-01	131
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	2
Total participants	2011-01-01	133
Number of participants with account balances	2011-01-01	125
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	12
2009: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2009 401k membership
Total participants, beginning-of-year	2009-01-01	110
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	104
Number of retired or separated participants receiving benefits	2009-01-01	25
Number of other retired or separated participants entitled to future benefits	2009-01-01	16
Total of all active and inactive participants	2009-01-01	145
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	145
Number of participants with account balances	2009-01-01	130
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	10

Financial Data on CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION)

Measure	Date	Value
2022 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2022 401k financial data
Total plan liabilities at end of year	2022-12-31	$25
Total plan liabilities at beginning of year	2022-12-31	$0
Total income from all sources	2022-12-31	$650,570
Expenses. Total of all expenses incurred	2022-12-31	$925,353
Benefits paid (including direct rollovers)	2022-12-31	$873,457
Total plan assets at end of year	2022-12-31	$11,474,994
Total plan assets at beginning of year	2022-12-31	$11,749,752
Value of fidelity bond covering the plan	2022-12-31	$5,000,000
Total contributions received or receivable from participants	2022-12-31	$312,067
Contributions received from other sources (not participants or employers)	2022-12-31	$49,187
Other income received	2022-12-31	$-6,851
Net income (gross income less expenses)	2022-12-31	$-274,783
Net plan assets at end of year (total assets less liabilities)	2022-12-31	$11,474,969
Net plan assets at beginning of year (total assets less liabilities)	2022-12-31	$11,749,752
Assets. Value of participant loans	2022-12-31	$30,049
Assets. Value of employer securities	2022-12-31	$6,752,720
Total contributions received or receivable from employer(s)	2022-12-31	$296,167
Expenses. Administrative service providers (salaries,fees and commissions)	2022-12-31	$51,896
2021 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2021 401k financial data
Total income from all sources	2021-12-31	$3,045,383
Expenses. Total of all expenses incurred	2021-12-31	$968,948
Benefits paid (including direct rollovers)	2021-12-31	$931,487
Total plan assets at end of year	2021-12-31	$11,749,752
Total plan assets at beginning of year	2021-12-31	$9,673,317
Value of fidelity bond covering the plan	2021-12-31	$5,000,000
Total contributions received or receivable from participants	2021-12-31	$221,244
Contributions received from other sources (not participants or employers)	2021-12-31	$983,056
Other income received	2021-12-31	$1,551,667
Net income (gross income less expenses)	2021-12-31	$2,076,435
Net plan assets at end of year (total assets less liabilities)	2021-12-31	$11,749,752
Net plan assets at beginning of year (total assets less liabilities)	2021-12-31	$9,673,317
Assets. Value of participant loans	2021-12-31	$47,002
Assets. Value of employer securities	2021-12-31	$6,909,760
Total contributions received or receivable from employer(s)	2021-12-31	$289,416
Expenses. Administrative service providers (salaries,fees and commissions)	2021-12-31	$37,461
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
2020 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2020 401k financial data
Total income from all sources	2020-12-31	$1,748,796
Expenses. Total of all expenses incurred	2020-12-31	$702,253
Benefits paid (including direct rollovers)	2020-12-31	$651,907
Total plan assets at end of year	2020-12-31	$9,673,317
Total plan assets at beginning of year	2020-12-31	$8,626,774
Value of fidelity bond covering the plan	2020-12-31	$5,000,000
Total contributions received or receivable from participants	2020-12-31	$227,921
Contributions received from other sources (not participants or employers)	2020-12-31	$87,585
Other income received	2020-12-31	$1,321,718
Net income (gross income less expenses)	2020-12-31	$1,046,543
Net plan assets at end of year (total assets less liabilities)	2020-12-31	$9,673,317
Net plan assets at beginning of year (total assets less liabilities)	2020-12-31	$8,626,774
Assets. Value of participant loans	2020-12-31	$28,032
Assets. Value of employer securities	2020-12-31	$6,360,120
Total contributions received or receivable from employer(s)	2020-12-31	$111,572
Expenses. Administrative service providers (salaries,fees and commissions)	2020-12-31	$50,346
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
2019 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2019 401k financial data
Total income from all sources	2019-12-31	$1,877,936
Expenses. Total of all expenses incurred	2019-12-31	$1,222,703
Benefits paid (including direct rollovers)	2019-12-31	$1,178,480
Total plan assets at end of year	2019-12-31	$8,626,774
Total plan assets at beginning of year	2019-12-31	$7,971,541
Value of fidelity bond covering the plan	2019-12-31	$5,000,000
Total contributions received or receivable from participants	2019-12-31	$199,641
Expenses. Other expenses not covered elsewhere	2019-12-31	$1,213
Contributions received from other sources (not participants or employers)	2019-12-31	$43,155
Other income received	2019-12-31	$1,546,357
Net income (gross income less expenses)	2019-12-31	$655,233
Net plan assets at end of year (total assets less liabilities)	2019-12-31	$8,626,774
Net plan assets at beginning of year (total assets less liabilities)	2019-12-31	$7,971,541
Assets. Value of participant loans	2019-12-31	$43,538
Assets. Value of employer securities	2019-12-31	$6,124,560
Total contributions received or receivable from employer(s)	2019-12-31	$88,783
Expenses. Administrative service providers (salaries,fees and commissions)	2019-12-31	$43,010
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
2018 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2018 401k financial data
Total income from all sources	2018-12-31	$504,959
Expenses. Total of all expenses incurred	2018-12-31	$1,151,440
Benefits paid (including direct rollovers)	2018-12-31	$1,106,137
Total plan assets at end of year	2018-12-31	$7,971,541
Total plan assets at beginning of year	2018-12-31	$8,618,022
Value of fidelity bond covering the plan	2018-12-31	$5,000,000
Total contributions received or receivable from participants	2018-12-31	$203,747
Contributions received from other sources (not participants or employers)	2018-12-31	$5,024
Other income received	2018-12-31	$182,340
Net income (gross income less expenses)	2018-12-31	$-646,481
Net plan assets at end of year (total assets less liabilities)	2018-12-31	$7,971,541
Net plan assets at beginning of year (total assets less liabilities)	2018-12-31	$8,618,022
Assets. Value of participant loans	2018-12-31	$39,382
Assets. Value of employer securities	2018-12-31	$5,496,400
Total contributions received or receivable from employer(s)	2018-12-31	$113,848
Expenses. Administrative service providers (salaries,fees and commissions)	2018-12-31	$45,303
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2018-12-31	$0
2017 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2017 401k financial data
Total income from all sources	2017-12-31	$1,310,844
Expenses. Total of all expenses incurred	2017-12-31	$790,103
Benefits paid (including direct rollovers)	2017-12-31	$757,304
Total plan assets at end of year	2017-12-31	$8,618,022
Total plan assets at beginning of year	2017-12-31	$8,097,281
Value of fidelity bond covering the plan	2017-12-31	$5,000,000
Total contributions received or receivable from participants	2017-12-31	$173,795
Contributions received from other sources (not participants or employers)	2017-12-31	$28,037
Other income received	2017-12-31	$887,790
Net income (gross income less expenses)	2017-12-31	$520,741
Net plan assets at end of year (total assets less liabilities)	2017-12-31	$8,618,022
Net plan assets at beginning of year (total assets less liabilities)	2017-12-31	$8,097,281
Assets. Value of participant loans	2017-12-31	$44,628
Assets. Value of employer securities	2017-12-31	$5,653,440
Total contributions received or receivable from employer(s)	2017-12-31	$221,222
Expenses. Administrative service providers (salaries,fees and commissions)	2017-12-31	$32,799
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2017-12-31	$0
2016 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2016 401k financial data
Total income from all sources	2016-12-31	$1,517,654
Expenses. Total of all expenses incurred	2016-12-31	$1,201,458
Benefits paid (including direct rollovers)	2016-12-31	$1,201,458
Total plan assets at end of year	2016-12-31	$8,097,281
Total plan assets at beginning of year	2016-12-31	$7,781,085
Value of fidelity bond covering the plan	2016-12-31	$1,000,000
Total contributions received or receivable from participants	2016-12-31	$166,604
Contributions received from other sources (not participants or employers)	2016-12-31	$605,536
Other income received	2016-12-31	$691,617
Net income (gross income less expenses)	2016-12-31	$316,196
Net plan assets at end of year (total assets less liabilities)	2016-12-31	$8,097,281
Net plan assets at beginning of year (total assets less liabilities)	2016-12-31	$7,781,085
Assets. Value of participant loans	2016-12-31	$38,875
Assets. Value of employer securities	2016-12-31	$5,677,138
Total contributions received or receivable from employer(s)	2016-12-31	$53,897
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2016-12-31	$0
2015 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2015 401k financial data
Total plan liabilities at end of year	2015-12-31	$0
Total plan liabilities at beginning of year	2015-12-31	$0
Total income from all sources	2015-12-31	$1,459,077
Expenses. Total of all expenses incurred	2015-12-31	$773,926
Benefits paid (including direct rollovers)	2015-12-31	$773,926
Total plan assets at end of year	2015-12-31	$7,781,085
Total plan assets at beginning of year	2015-12-31	$7,095,934
Value of fidelity bond covering the plan	2015-12-31	$1,000,000
Total contributions received or receivable from participants	2015-12-31	$138,325
Contributions received from other sources (not participants or employers)	2015-12-31	$145,865
Other income received	2015-12-31	$1,125,848
Net income (gross income less expenses)	2015-12-31	$685,151
Net plan assets at end of year (total assets less liabilities)	2015-12-31	$7,781,085
Net plan assets at beginning of year (total assets less liabilities)	2015-12-31	$7,095,934
Assets. Value of participant loans	2015-12-31	$49,816
Assets. Value of employer securities	2015-12-31	$5,810,480
Total contributions received or receivable from employer(s)	2015-12-31	$49,039
2014 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2014 401k financial data
Total plan liabilities at end of year	2014-12-31	$0
Total plan liabilities at beginning of year	2014-12-31	$654
Total income from all sources	2014-12-31	$2,048,994
Expenses. Total of all expenses incurred	2014-12-31	$773,804
Benefits paid (including direct rollovers)	2014-12-31	$773,804
Total plan assets at end of year	2014-12-31	$7,095,934
Total plan assets at beginning of year	2014-12-31	$5,821,398
Value of fidelity bond covering the plan	2014-12-31	$3,500,000
Total contributions received or receivable from participants	2014-12-31	$121,804
Contributions received from other sources (not participants or employers)	2014-12-31	$101,473
Other income received	2014-12-31	$1,825,717
Net income (gross income less expenses)	2014-12-31	$1,275,190
Net plan assets at end of year (total assets less liabilities)	2014-12-31	$7,095,934
Net plan assets at beginning of year (total assets less liabilities)	2014-12-31	$5,820,744
Assets. Value of participant loans	2014-12-31	$96,594
Assets. Value of employer securities	2014-12-31	$5,182,320
2013 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2013 401k financial data
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$654
Total income from all sources (including contributions)	2013-12-31	$1,403,093
Total of all expenses incurred	2013-12-31	$403,488
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$384,042
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$408,751
Value of total assets at end of year	2013-12-31	$5,821,398
Value of total assets at beginning of year	2013-12-31	$4,821,139
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$19,446
Total interest from all sources	2013-12-31	$7,582
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$1,000,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$115,842
Participant contributions at end of year	2013-12-31	$132,676
Participant contributions at beginning of year	2013-12-31	$137,374
Participant contributions at end of year	2013-12-31	$6,581
Participant contributions at beginning of year	2013-12-31	$6,696
Assets. Other investments not covered elsewhere at end of year	2013-12-31	$9,697
Income. Received or receivable in cash from other sources (including rollovers)	2013-12-31	$292,909
Other income not declared elsewhere	2013-12-31	$745,941
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$999,605
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$5,820,744
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$4,821,139
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$1,510,884
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$1,240,822
Interest on participant loans	2013-12-31	$7,582
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2013-12-31	$20,628
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2013-12-31	$20,628
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$240,819
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	No
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Assets. Invements in employer securities at end of year	2013-12-31	$4,161,560
Assets. Invements in employer securities at beginning of year	2013-12-31	$3,415,619
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$384,042
Contract administrator fees	2013-12-31	$19,446
Liabilities. Value of benefit claims payable at end of year	2013-12-31	$654
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	HOGANTAYLOR LLP
Accountancy firm EIN	2013-12-31	731413977
2012 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2012 401k financial data
Total income from all sources (including contributions)	2012-12-31	$982,076
Total of all expenses incurred	2012-12-31	$518,743
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$518,743
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$389,396
Value of total assets at end of year	2012-12-31	$4,821,139
Value of total assets at beginning of year	2012-12-31	$4,357,806
Total interest from all sources	2012-12-31	$6,783
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$3,500,000
If this is an individual account plan, was there a blackout period	2012-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$122,653
Participant contributions at end of year	2012-12-31	$137,374
Participant contributions at beginning of year	2012-12-31	$137,343
Participant contributions at end of year	2012-12-31	$6,696
Participant contributions at beginning of year	2012-12-31	$7,993
Income. Received or receivable in cash from other sources (including rollovers)	2012-12-31	$266,743
Other income not declared elsewhere	2012-12-31	$431,860
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$463,333
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$4,821,139
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$4,357,806
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$1,240,822
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$1,228,711
Interest on participant loans	2012-12-31	$6,783
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2012-12-31	$20,628
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$154,037
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	No
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Assets. Invements in employer securities at end of year	2012-12-31	$3,415,619
Assets. Invements in employer securities at beginning of year	2012-12-31	$2,983,759
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$518,743
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	No
Opinion of an independent qualified public accountant for this plan	2012-12-31	Unqualified
Accountancy firm name	2012-12-31	BKD, LLP
Accountancy firm EIN	2012-12-31	440160260
2011 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2011 401k financial data
Total income from all sources (including contributions)	2011-12-31	$1,020,183
Total of all expenses incurred	2011-12-31	$447,070
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$446,012
Value of total corrective distributions	2011-12-31	$1,058
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$393,075
Value of total assets at end of year	2011-12-31	$4,357,806
Value of total assets at beginning of year	2011-12-31	$3,784,693
Total interest from all sources	2011-12-31	$7,050
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$3,500,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$147,086
Participant contributions at end of year	2011-12-31	$137,343
Participant contributions at beginning of year	2011-12-31	$136,633
Participant contributions at end of year	2011-12-31	$7,993
Participant contributions at beginning of year	2011-12-31	$6,079
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$245,989
Other income not declared elsewhere	2011-12-31	$667,420
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$573,113
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$4,357,806
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$3,784,693
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$1,228,711
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$1,320,363
Interest on participant loans	2011-12-31	$7,050
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$5,279
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-47,362
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Assets. Invements in employer securities at end of year	2011-12-31	$2,983,759
Assets. Invements in employer securities at beginning of year	2011-12-31	$2,316,339
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$446,012
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Unqualified
Accountancy firm name	2011-12-31	BKD, LLP
Accountancy firm EIN	2011-12-31	440160260
2010 : CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2010 401k financial data
Total income from all sources (including contributions)	2010-12-31	$-559,548
Total of all expenses incurred	2010-12-31	$640,059
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$640,059
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$605,091
Value of total assets at end of year	2010-12-31	$3,784,693
Value of total assets at beginning of year	2010-12-31	$4,984,300
Total interest from all sources	2010-12-31	$6,034
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$3,500,000
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$193,031
Participant contributions at end of year	2010-12-31	$136,633
Participant contributions at beginning of year	2010-12-31	$83,676
Participant contributions at end of year	2010-12-31	$6,079
Participant contributions at beginning of year	2010-12-31	$11,076
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$412,060
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2010-12-31	$1,152
Other income not declared elsewhere	2010-12-31	$-1,295,580
Total non interest bearing cash at beginning of year	2010-12-31	$28,611
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$-1,199,607
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$3,784,693
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$4,984,300
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$1,320,363
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$1,243,092
Interest on participant loans	2010-12-31	$6,034
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$5,279
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$4,774
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$124,907
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Assets. Invements in employer securities at end of year	2010-12-31	$2,316,339
Assets. Invements in employer securities at beginning of year	2010-12-31	$3,611,919
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$640,059
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	BKD, LLP
Accountancy firm EIN	2010-12-31	440160260

Form 5500 Responses for CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION)

2022: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	Yes
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes
2018: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2018 form 5500 responses
2018-01-01	Type of plan entity	Single employer plan
2018-01-01	Submission has been amended	No
2018-01-01	This submission is the final filing	No
2018-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2018-01-01	Plan is a collectively bargained plan	No
2018-01-01	Plan funding arrangement – Trust	Yes
2018-01-01	Plan benefit arrangement - Trust	Yes
2017: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2017 form 5500 responses
2017-01-01	Type of plan entity	Single employer plan
2017-01-01	Submission has been amended	No
2017-01-01	This submission is the final filing	No
2017-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2017-01-01	Plan is a collectively bargained plan	No
2017-01-01	Plan funding arrangement – Trust	Yes
2017-01-01	Plan benefit arrangement - Trust	Yes
2016: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2016 form 5500 responses
2016-01-01	Type of plan entity	Single employer plan
2016-01-01	Submission has been amended	No
2016-01-01	This submission is the final filing	No
2016-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2016-01-01	Plan is a collectively bargained plan	No
2016-01-01	Plan funding arrangement – Trust	Yes
2016-01-01	Plan benefit arrangement - Trust	Yes
2015: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2015 form 5500 responses
2015-01-01	Type of plan entity	Single employer plan
2015-01-01	Plan funding arrangement – Trust	Yes
2015-01-01	Plan benefit arrangement - Trust	Yes
2014: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

87180070

Policy instance

Insurance contract or identification number	87180070
Number of Individuals Covered	0
Insurance policy start date	2011-01-01
Insurance policy end date	2011-12-31
Total amount of commissions paid to insurance broker	USD $1
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

NATIONWIDE LIFE INSURANCE COMPANY (National Association of Insurance Commissioners NAIC id number: 66869 )

Policy contract number

87180070

Policy instance

Insurance contract or identification number	87180070
Number of Individuals Covered	130
Insurance policy start date	2010-01-01
Insurance policy end date	2010-12-31
Total amount of commissions paid to insurance broker	USD $19
Total amount of fees paid to insurance company	USD $5
Are there contracts with unallocated funds for contracts of type guaranteed investment?	Yes
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No

Potentially related plans

CITIZENS BANCSHARES, INC. 401(K) PLAN & TRUST [EIN = 363340358]

Was this data useful?

If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us. Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer

The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Company Name:	CITIZENS BANCSHARES, INC.
Employer identification number (EIN):	731543851
NAIC Classification:	522110
NAIC Description:	Commercial Banking