Plan Snapshot
- Plan Sponsor: Citizens Bank Of Las Cruces
- Sponsor EIN: 850207454
- Sponsor Address: 505 S MAIN ST, LAS CRUCES, NM, 880011206
- Plan Type: 401(k)
- Total Participants: 100
- Total Assets: $44.8M
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 | 100 | $44.8M | $1.9M | $468,370 |
| 2023 | 101 | $37.8M | $1.8M | $461,830 |
| 2022 | 101 | $32.8M | $3.0M | $452,881 |
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 |
|---|---|---|---|---|
| LAUTERBACH BORSCHOW & COMPANY | 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 | $2,225 | — | $2,225 | — | — |
| 2023 | $1,519 | — | $1,519 | — | — |
| 2022 | $1,168 | — | $1,168 | — | — |