Plan Snapshot
- Plan Sponsor: The Citizens Bank
- Sponsor EIN: 570874845
- Sponsor Address: P.O. BOX 446, OLANTA, SC, 29114
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 146
- Total Assets: $1.0M
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. |
|---|---|---|---|---|
| 2025 | 146 | $1.0M | $0 | $0 |
| 2024 | 131 | $620,362 | $1.7M | $0 |
| 2023 | 131 | $424,586 | $1.3M | $0 |
| 2022 | 131 | $696,811 | $1.3M | $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 |
|---|---|---|---|---|
| HEALTHGRAM, INC | Other Service Provider | $90,506 | — | $90,506 |
| NAVITUS HEALTH SOLUTIONS, LLC | Other Service Provider | $33,004 | — | $33,004 |
| RCH BENEFITS ADVISORS LLC | Other Service Provider | $15,620 | — | $15,620 |
| ARCHIMEDES, LLC | Other Service Provider | $12,683 | — | $12,683 |
| WINDSOR STRATEGY PARTNERS INC | Other Service Provider | $9,282 | — | $9,282 |
| HUB INTERNATIONAL CAROLINAS | Other Service Provider | $8,158 | — | $8,158 |
| SCOTT AND COMPANY LLC | Other Service Provider | $6,159 | — | $6,159 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $175,412
- Estimated Expense Ratio: 17.273% 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 |
|---|---|---|---|---|---|
| 2025 | $1,930,962 | — | $141,596 | — | — |
| 2024 | $151,492 | — | $111,029 | — | — |
| 2023 | $121,210 | — | $71,594 | — | — |
| 2022 | $90,371 | — | $72,030 | — | $3,354 |