2023 Form 5500 filing — Citizens Bank Employee Stock Ownership And Retirement Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241007115549NAL0015126017001) for Citizens Bank Employee Stock Ownership And Retirement Savings Plan, reported by The Citizens Bank under EIN 85-0021005 and plan number 002. It reports 149 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241007115549NAL0015126017001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Citizens Bank
- EIN
- 85-0021005
- Plan number
- 002
- Location
- Farmington, NM
- Participants
- 149
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $21,320,873
- Total liabilities (EOY)
- $7,971,529
- Net assets (EOY)
- $13,349,344
- Total income / additions
- $2,009,006
- Benefits paid
- $2,742,843
- Administrative expenses
- $57,025
- Total expenses
- $3,086,272
- Net increase / (decrease)
- -$1,077,266
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Greatbanc Trust Company | N/A | $34,704 | not reported in the loaded dataset |
| Transition Finance Strategies | N/A | $16,022 | not reported in the loaded dataset |