# The Citizens Bank 401(k) Plan
Source: https://planprovider.pro/companies/the-citizens-bank-570874845-501

> The Citizens Bank's 401(k) plan: 146 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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|

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