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

> Citizens Bank Minnesota's 401(k) plan: 106 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 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](https://planprovider.pro/provider/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|—|—|

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