Citizens Bank Employee Stock Ownership And Retirement Savings Plan — Form 5500 plan (The 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 Employee Stock Ownership And Retirement Savings Plan is a benefit plan reported by The Citizens Bank under EIN 85-0021005 and plan number 002. The latest loaded filing year is 2023. The filing reports 149 participants and $21,320,873 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- The Citizens Bank
- EIN
- 85-0021005
- Plan number
- 002
- Plan type
- 2
- Location
- Farmington, NM
- Latest filing year
- 2023
- Participants
- 149
- End-of-year plan assets
- $21,320,873
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 149 | H, C | 20241007115549NAL0015126017001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $21,320,873
- Total liabilities (EOY)
- $7,971,529
- Net assets (EOY)
- $13,349,344
- Net assets (BOY)
- $14,426,610
Income & contributions
- Total contributions
- $0
- Total income / additions
- $2,009,006
Expenses & distributions
- Benefits paid
- $2,742,843
- Administrative expenses
- $57,025
- Total expenses
- $3,086,272
- Net increase / (decrease)
- -$1,077,266
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Greatbanc Trust Company | N/A | $34,704 | not reported in the loaded dataset | 2023 |
| Transition Finance Strategies | N/A | $16,022 | not reported in the loaded dataset | 2023 |