# Citizens Bank Of Las Cruces 401(k) Plan
Source: https://planprovider.pro/companies/citizens-bank-of-las-cruces-401k-plan

> Citizens Bank Of Las Cruces&#39;s 401(k) plan: 100 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 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|—|—|

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