# Citizens Bank 401(k) Plan
Source: https://planprovider.pro/companies/citizens-bank-401k-plan-002-0428

> Citizens Bank's 401(k) plan: 240 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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