Citizens Bank Salary Savings Plan — Form 5500 plan (Citizens Bank)
Plain-English plan 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, Citizens Bank Salary Savings Plan is a benefit plan reported by Citizens Bank under EIN 62-1580428 and plan number 002. The latest loaded filing year is 2023. The filing reports 267 participants and $20,590,981 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$20.6MPlan net assets, end of year$20,590,981
Participants267Covered participants reported
Assets / participant$77.1KComputed: assets ÷ participants$77,120 (computed)
Provider compensation$4.8K2 Schedule C provider row(s)$4,790
- Plan sponsor
- Citizens Bank
- EIN
- 62-1580428
- Plan number
- 002
- Plan type
- 2
- Location
- Elizabethton, TN
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 267 | H, C | 20241007091437NAL0014971809001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$20.6M total assets
Net assets$20.6MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $20,590,981
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $20,590,981
- Net assets (BOY)
- $17,200,467
Income & contributions
- Employer contributions
- $618,401
- Participant contributions
- $1,236,490
- Total contributions
- $1,881,410
- Total income / additions
- $4,543,902
Expenses & distributions
- Benefits paid
- $1,104,543
- Administrative expenses
- $48,845
- Total expenses
- $1,153,388
- Net increase / (decrease)
- $3,390,514
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
33%67%
Employer 33%Participant 67%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income24%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Wilshire Associates Inc (Usa) | RIA | $3,756 | not reported in the loaded dataset | 2023 |
| John Hancock Life Insurance Company | RECORDKEEPER | $1,034 | not reported in the loaded dataset | 2023 |