Plan Snapshot
- Plan Sponsor: First Citizens Community Bank
- Sponsor EIN: 240652238
- Sponsor Address: 15 SOUTH MAIN STREET, MANSFIELD, PA, 169331507
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 323
- Total Assets: $814,626
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 | 323 | $814,626 | $3.9M | $733,659 |
| 2023 | 321 | $397,665 | $2.6M | $654,227 |
| 2022 | 238 | $637,275 | $1.8M | $562,384 |
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 |
|---|---|---|---|---|
| UNIMERICA INSURANCE COMPANY | Other Service Provider | $1,009,082 | — | $1,009,082 |
| LR WEBBER ASSOCIATES | Other Service Provider | $91,055 | — | $91,055 |
| THE BENECON GROUP, INC. | Other Service Provider | $71,949 | — | $71,949 |
| PBASC | Other Service Provider | $22,045 | — | $22,045 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,194,131
- Estimated Expense Ratio: 146.586% 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 | $1,289,097 | $149,583 | $135,181 | — | — |
| 2023 | $954,582 | $116,269 | $44,058 | — | — |
| 2022 | $777,387 | $94,015 | $32,111 | — | — |