Plan Snapshot
- Plan Sponsor: Citizens Bank
- Sponsor EIN: 621580428
- Sponsor Address: P.O. BOX 1900, ELIZABETHTON, TN, 376441900
- Plan Type: 401(k)
- Total Participants: 240
- Total Assets: $24.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 240 | $24.1M | $667,983 | $1.3M |
| 2023 | 238 | $20.6M | $618,401 | $1.2M |
| 2022 | 237 | $17.2M | $566,868 | $1.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PUGH & COMPANY, P.C. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $56,934 | $4,562 | $4,750 | — | — |
| 2023 | $48,845 | $3,756 | $4,621 | — | — |
| 2022 | $50,418 | — | — | — | $50,418 |