Plan Snapshot
- Plan Sponsor: Citizens Bank Group INC.
- Sponsor EIN: 411704160
- Sponsor Address: 123 ARMSTRONG BLVD, ST. JAMES, MN, 560810107
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 145
- Total Assets: $12.5M
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. |
|---|---|---|---|---|
| 2025 | 145 | $12.5M | $0 | $0 |
| 2024 | 127 | $10.5M | $274,149 | $589,291 |
| 2023 | 132 | $8.8M | $274,083 | $557,889 |
| 2022 | 135 | $7.1M | $67,422 | $443,802 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK | Other Service Provider | $30,182 | — | $30,182 |
| SECURIAN FINANCIAL SERVICES | Other Service Provider | $28,079 | — | $28,079 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,261
- Estimated Expense Ratio: 0.465% of plan assets
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 |
|---|---|---|---|---|---|
| 2025 | $630,730 | $29,744 | $28,517 | — | — |
| 2024 | $49,779 | $24,005 | $25,774 | — | — |
| 2023 | $39,631 | $19,868 | $19,763 | — | — |
| 2022 | $32,624 | — | $16,748 | — | $15,876 |