# The Citizens Bank DC Plan
Source: https://planprovider.pro/companies/the-citizens-bank-plan-002

> The Citizens Bank's DC plan: 84 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Citizens Bank

- **Sponsor EIN:** 850021005

- **Sponsor Address:** 500 WEST BROADWAY, FARMINGTON, NM, 87401

- **Plan Type:** DC

- **Total Participants:** 84

- **Total Assets:** $24.0M

## 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.|

| 2024|84|$24.0M|$0|$0|

| 2023|83|$21.3M|$0|$0|

| 2022|84|$22.6M|$0|$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|

| FORTNER BAYENS, PC|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$60,730|—|$25,725|—|—|

| 2023|$57,025|—|$11,526|—|—|

| 2022|$71,906|—|—|—|$71,906|

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