Citizens Bancshares, Inc. Employee Stock Ownership Plan (With 401(K) Provision) — Form 5500 plan (Citizens Bancshares, Inc.)
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 Bancshares, Inc. Employee Stock Ownership Plan (With 401(K) Provision) is a benefit plan reported by Citizens Bancshares, Inc. under EIN 73-1543851 and plan number 002. The latest loaded filing year is 2023. The filing reports 107 participants and $12,136,312 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Citizens Bancshares, Inc.
- EIN
- 73-1543851
- Plan number
- 002
- Plan type
- 2
- Location
- Edmond, OK
- Latest filing year
- 2023
- Participants
- 107
- End-of-year plan assets
- $12,136,312
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 107 | I | 20241011165045NAL0039547760001 |
Reported financial statement (2023 · Schedule I)
Net assets
- Total assets (EOY)
- $12,136,312
- Total liabilities (EOY)
- $25
- Net assets (EOY)
- $12,136,287
- Net assets (BOY)
- $11,474,969
Income & contributions
- Employer contributions
- $149,138
- Participant contributions
- $277,581
- Total income / additions
- $1,491,073
Expenses & distributions
- Benefits paid
- $762,431
- Administrative expenses
- $67,324
- Total expenses
- $829,755
- Net increase / (decrease)
- $661,318
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.