# Citizens State Bank 401(k) Plan
Source: https://planprovider.pro/companies/citizens-state-bank-401k-plan-002-7930

> Citizens State Bank's 401(k) plan: 145 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Citizens State Bank

- **Sponsor EIN:** 740557930

- **Sponsor Address:** 155 8TH STREET, SOMERVILLE, TX, 778790518

- **Plan Type:** 401(k)

- **Total Participants:** 145

- **Total Assets:** $22.3M

## 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|145|$22.3M|$504,509|$693,137|

| 2023|142|$20.4M|$439,442|$606,655|

| 2022|139|$17.1M|$429,712|$619,165|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$75,673|—|$75,673|

| LPL FINANCIAL LLC|OTHER SERVICES|—|$11,545|$11,545|

| SEIDEL SCHROEDER|Auditor|—|—|$0|

### Verified Provider Profiles

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

- [LPL FINANCIAL LLC](https://planprovider.pro/provider/equitable) — OTHER SERVICES

- [SEIDEL SCHROEDER](https://planprovider.pro/provider/seidel-schroeder) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $87,218

- **Estimated Expense Ratio:** 0.391% 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|$75,673|—|$75,673|—|—|

| 2023|$63,931|—|$63,931|—|—|

| 2022|$81,608|—|$81,608|—|—|

## Similar Plans

- [Swnb Bancorp INC](https://planprovider.pro/companies/swnb-bancorp-inc-401k-plan) — 142 participants

- [American Bank Of Commerce](https://planprovider.pro/companies/american-bank-of-commerce-401k-plan) — 150 participants

- [Golden Bank National Association](https://planprovider.pro/companies/golden-bank-national-association-401k-plan) — 150 participants

- [Aperia Solutions, INC.](https://planprovider.pro/companies/aperia-solutions-inc-401k-plan) — 140 participants

- [Amtex Bancshares, INC.](https://planprovider.pro/companies/amtex-bancshares-inc-401k-plan) — 139 participants

- [Herring Bank](https://planprovider.pro/companies/herring-bank-401k-plan) — 154 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/citizens-state-bank-401k-plan-002-7930)

© 2026 PlanProvider.Pro