# Citizens & Farmers Bank DB Plan
Source: https://planprovider.pro/companies/citizens-farmers-bank-plan

> Citizens & Farmers Bank's DB plan: 237 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Citizens & Farmers Bank

- **Sponsor EIN:** 540169510

- **Sponsor Address:** PO BOX 391, WEST POINT, VA, 231810391

- **Plan Type:** DB

- **Total Participants:** 237

- **Total Assets:** $21.2M

## 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|237|$21.2M|$1.0M|$0|

| 2023|265|$19.6M|$0|$0|

| 2022|291|$18.4M|$2.0M|$0|

## 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|

| YOUNT HYDE & BARBOUR, PC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [YOUNT HYDE & BARBOUR, PC](https://planprovider.pro/provider/yount-hyde-and-barbour-pc) — 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|$46,887|—|—|—|—|

| 2023|$44,092|—|—|—|—|

| 2022|$45,730|$151|—|—|$45,579|

## Similar Plans

- [Skyline National Bank](https://planprovider.pro/companies/skyline-national-bank-plan) — 237 participants

- [Bank Of Clarke](https://planprovider.pro/companies/bank-of-clarke-county-401k-plan) — 229 participants

- [Chesapeake Financial Shares, INC.](https://planprovider.pro/companies/chesapeake-financial-shares-inc-plan) — 228 participants

- [Benchmark Community Bank](https://planprovider.pro/companies/benchmark-community-bank-401k-plan) — 222 participants

- [Old Point Financial Corporation](https://planprovider.pro/companies/old-point-financial-corporation-401k-plan) — 257 participants

- [Atlantic Union Bank](https://planprovider.pro/companies/atlantic-union-bank-401k-plan) — 208 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/citizens-farmers-bank-plan)

© 2026 PlanProvider.Pro