# Citizens Bank 401(k) Plan
Source: https://planprovider.pro/companies/citizens-bank-401k-plan-003-1005

> Citizens Bank's 401(k) plan: 84 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:** 850021005

- **Sponsor Address:** 500 W BROADWAY, FARMINGTON, NM, 874015986

- **Plan Type:** 401(k)

- **Total Participants:** 84

- **Total Assets:** $16.4M

## 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|84|$16.4M|$174,223|$342,923|

| 2023|84|$14.5M|$169,104|$335,141|

| 2022|89|$12.6M|$156,969|$338,364|

## 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|

| FORTNER BAYENS, PC|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|$70,383|$66,250|$4,133|—|—|

| 2023|$59,610|$55,986|$3,624|—|—|

| 2022|$61,268|$56,173|$5,095|—|—|

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