Plan Snapshot
- Plan Sponsor: Citizens Bank Minnesota
- Sponsor EIN: 410190880
- Sponsor Address: 105 NORTH MINNESOTA STREET, NEW ULM, MN, 560734623
- Plan Type: 401(k)
- Total Participants: 106
- Total Assets: $18.7M
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 | 106 | $18.7M | $500,811 | $525,934 |
| 2023 | 106 | $18.1M | $495,529 | $502,663 |
| 2022 | 115 | $16.4M | $624,920 | $501,258 |
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 |
|---|---|---|---|---|
| ABDO LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ABDO LLP — Auditor
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 | $75,207 | $66,410 | — | — | — |
| 2023 | $47,768 | $1,323 | $46,445 | — | — |
| 2022 | $51,841 | — | $51,841 | — | — |