401k Plan data: CITIZENS BANCSHARES, INC. 401(K) PLAN & TRUST plan

CITIZENS BANCSHARES, INC. 401(K) PLAN & TRUST 401k Plan overview

Plan Name	CITIZENS BANCSHARES, INC. 401(K) PLAN & TRUST
Plan identification number	002

CITIZENS BANCSHARES, INC. 401(K) PLAN & TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

CITIZENS BANCSHARES, INC. has sponsored the creation of one or more 401k plans.

Company Name: CITIZENS BANCSHARES, INC.

Employer identification number (EIN): 363340358

NAIC Classification: 551111
NAIC Description: Offices of Bank Holding Companies

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS BANCSHARES, INC. 401(K) PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01 PAMELA TURNER 2023-03-23 PAMELA TURNER 2023-03-23
002 2021-01-01 PAMELA TURNER 2022-06-01 PAMELA TURNER 2022-06-01
002 2020-01-01 PAMELA TURNER 2021-06-28 PAMELA TURNER 2021-06-28
002 2020-01-01 PAMELA TURNER 2021-06-28 PAMELA TURNER 2021-06-28
002 2020-01-01 PAMELA TURNER 2021-06-28 PAMELA TURNER 2021-06-28
002 2019-01-01 PAMELA TURNER 2020-05-11 PAMELA TURNER 2020-05-11
002 2018-01-01 PAMELA TURNER 2019-06-04 PAMELA TURNER 2019-06-04
002 2017-01-01 PAMELA TURNER 2018-05-25 PAMELA TURNER 2018-05-25
002 2016-01-01 PAMELA TURNER 2017-05-24 PAMELA TURNER 2017-05-24
002 2015-01-01 PAMELA TURNER 2016-06-07 PAMELA TURNER 2016-06-07
002 2014-01-01 PAMELA TURNER 2015-06-02 PAMELA TURNER 2015-06-02
002 2013-01-01 PAMELA TURNER 2014-05-28 PAMELA TURNER 2014-05-28
002 2012-01-01 PAMELA TURNER 2013-06-14 PAMELA TURNER 2013-06-14
002 2011-01-01 PAMELA TURNER 2012-05-29
002 2010-01-01 PAMELA ROSKENS 2011-06-06 PAMELA ROSKENS 2011-06-06

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2022-01-01	PAMELA TURNER	2023-03-23	PAMELA TURNER	2023-03-23
002	2021-01-01	PAMELA TURNER	2022-06-01	PAMELA TURNER	2022-06-01
002	2020-01-01	PAMELA TURNER	2021-06-28	PAMELA TURNER	2021-06-28
002	2020-01-01	PAMELA TURNER	2021-06-28	PAMELA TURNER	2021-06-28
002	2020-01-01	PAMELA TURNER	2021-06-28	PAMELA TURNER	2021-06-28
002	2019-01-01	PAMELA TURNER	2020-05-11	PAMELA TURNER	2020-05-11
002	2018-01-01	PAMELA TURNER	2019-06-04	PAMELA TURNER	2019-06-04
002	2017-01-01	PAMELA TURNER	2018-05-25	PAMELA TURNER	2018-05-25
002	2016-01-01	PAMELA TURNER	2017-05-24	PAMELA TURNER	2017-05-24
002	2015-01-01	PAMELA TURNER	2016-06-07	PAMELA TURNER	2016-06-07
002	2014-01-01	PAMELA TURNER	2015-06-02	PAMELA TURNER	2015-06-02
002	2013-01-01	PAMELA TURNER	2014-05-28	PAMELA TURNER	2014-05-28
002	2012-01-01	PAMELA TURNER	2013-06-14	PAMELA TURNER	2013-06-14
002	2011-01-01	PAMELA TURNER	2012-05-29
002	2010-01-01	PAMELA ROSKENS	2011-06-06	PAMELA ROSKENS	2011-06-06

Potentially related plans

CITIZENS BANCSHARES, INC. EMPLOYEE STOCK OWNERSHIP PLAN (WITH 401(K) PROVISION) [EIN = 731543851]

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Company Name:	CITIZENS BANCSHARES, INC.
Employer identification number (EIN):	363340358
NAIC Classification:	551111
NAIC Description:	Offices of Bank Holding Companies