Plan Snapshot
- Plan Sponsor: Citizens Bank & Trust
- Sponsor EIN: 590193780
- Sponsor Address: 222 SR 60 E, LAKE WALES, FL, 33853
- Plan Type: 401(k)
- Total Participants: 215
- Total Assets: $15.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 215 | $15.1M | $499,193 | $1.1M |
| 2023 | 207 | $13.1M | $494,983 | $1.1M |
| 2022 | 186 | $10.2M | $392,605 | $894,755 |
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 |
|---|---|---|---|---|
| SALTMARSH CPAS, INC | 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 | $82,060 | — | $82,060 | — | — |
| 2023 | $65,488 | — | $65,488 | — | — |
| 2022 | $58,915 | — | $58,915 | — | — |