Plan Snapshot
- Plan Sponsor: Citizens Financial Corporation, INC.
- Sponsor EIN: 611187135
- Sponsor Address: 4350 BROWNSBORO ROAD, LOUISVILLE, KY, 40207
- Plan Type: DC
- Total Participants: 743
- Total Assets: $20.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 743 | $20.5M | $601,678 | $2.9M |
| 2023 | 628 | $16.3M | $630,086 | $2.6M |
| 2022 | 588 | $12.5M | $519,179 | $2.3M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $14,469 | — | $14,469 |
| CHERRY BEKAERT LLP | ACCOUNTANT/AUDITOR | $12,600 | — | $12,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,069
- Estimated Expense Ratio: 0.132% 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 | $27,069 | — | — | $12,600 | — |
| 2023 | $22,125 | — | — | $11,350 | — |
| 2022 | $20,050 | — | — | — | — |