Plan Snapshot
- Plan Sponsor: Citizens Bank & Trust
- Sponsor EIN: 590193780
- Sponsor Address: 222 STATE ROAD 60 E, LAKE WALES, FL, 33853
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 155
- Total Assets: $457,502
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 155 | $457,502 | $1.6M | $536,939 |
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 |
|---|---|---|---|---|
| ACENTRIA | Other Service Provider | $66,535 | — | $66,535 |
| THE BENECON GROUP | Investment Advisor | $30,815 | — | $30,815 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $14,854 | — | $14,854 |
| CONNECTCARE3 | Other Service Provider | $10,684 | — | $10,684 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $122,888
- Estimated Expense Ratio: 26.861% of plan assets
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 | $122,888 | $66,535 | $14,854 | — | — |