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CITIZENS REPUBLIC BANCORP 401(K) PLAN 401k Plan overview

Plan NameCITIZENS REPUBLIC BANCORP 401(K) PLAN
Plan identification number 002

CITIZENS REPUBLIC BANCORP 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • 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.
  • ESOP other than a leveraged ESOP - A completed Schedule E must be attached to a Form 5500 filed for an Employee Stock Ownership Plan (ESOP).
  • 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.

401k Sponsoring company profile

CITIZENS REPUBLIC BANCORP has sponsored the creation of one or more 401k plans.

Company Name:CITIZENS REPUBLIC BANCORP
Employer identification number (EIN):382378932
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan CITIZENS REPUBLIC BANCORP 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022012-01-01JOANN TOKARCZYK JOANN TOKARCZYK2013-07-18
0022011-01-01JOANN TOKARCZYK JOANN TOKARCZYK2012-06-19
0022010-01-01JOANN TOKARCZYK JOANN TOKARCZYK2011-06-24
0022009-01-01DONNA AHO

Plan Statistics for CITIZENS REPUBLIC BANCORP 401(K) PLAN

401k plan membership statisitcs for CITIZENS REPUBLIC BANCORP 401(K) PLAN

Measure Date Value
2012: CITIZENS REPUBLIC BANCORP 401(K) PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-012,650
Total number of active participants reported on line 7a of the Form 55002012-01-012,449
Number of retired or separated participants receiving benefits2012-01-014
Number of other retired or separated participants entitled to future benefits2012-01-01505
Total of all active and inactive participants2012-01-012,958
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-012,958
Number of participants with account balances2012-01-012,550
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-01163
2011: CITIZENS REPUBLIC BANCORP 401(K) PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-013,109
Total number of active participants reported on line 7a of the Form 55002011-01-012,122
Number of retired or separated participants receiving benefits2011-01-013
Number of other retired or separated participants entitled to future benefits2011-01-01525
Total of all active and inactive participants2011-01-012,650
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-012,650
Number of participants with account balances2011-01-012,510
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-0195
2010: CITIZENS REPUBLIC BANCORP 401(K) PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-013,303
Total number of active participants reported on line 7a of the Form 55002010-01-012,586
Number of retired or separated participants receiving benefits2010-01-013
Number of other retired or separated participants entitled to future benefits2010-01-01520
Total of all active and inactive participants2010-01-013,109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-013,109
Number of participants with account balances2010-01-012,562
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-0154
2009: CITIZENS REPUBLIC BANCORP 401(K) PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-013,877
Total number of active participants reported on line 7a of the Form 55002009-01-012,781
Number of retired or separated participants receiving benefits2009-01-019
Number of other retired or separated participants entitled to future benefits2009-01-01511
Total of all active and inactive participants2009-01-013,301
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-012
Total participants2009-01-013,303
Number of participants with account balances2009-01-012,757
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-01120

Financial Data on CITIZENS REPUBLIC BANCORP 401(K) PLAN

Measure Date Value
2012 : CITIZENS REPUBLIC BANCORP 401(K) PLAN 2012 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2012-12-31$3,877,233
Total unrealized appreciation/depreciation of assets2012-12-31$3,877,233
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$0
Total income from all sources (including contributions)2012-12-31$25,954,708
Total loss/gain on sale of assets2012-12-31$-365,168
Total of all expenses incurred2012-12-31$8,187,552
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$8,061,877
Value of total corrective distributions2012-12-31$61,002
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$9,153,536
Value of total assets at end of year2012-12-31$122,500,471
Value of total assets at beginning of year2012-12-31$104,733,315
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$64,673
Total interest from all sources2012-12-31$509,142
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$1,152,468
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2012-12-31$1,152,468
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$25,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$6,754,545
Participant contributions at end of year2012-12-31$2,770,227
Participant contributions at beginning of year2012-12-31$2,464,905
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$670,559
Other income not declared elsewhere2012-12-31$77,948
Administrative expenses (other) incurred2012-12-31$64,673
Total non interest bearing cash at end of year2012-12-31$0
Total non interest bearing cash at beginning of year2012-12-31$52
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$17,767,156
Value of net assets at end of year (total assets less liabilities)2012-12-31$122,500,471
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$104,733,315
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2012-12-31$77,143,798
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2012-12-31$67,103,153
Value of interest in pooled separate accounts at end of year2012-12-31$19,222,897
Value of interest in pooled separate accounts at beginning of year2012-12-31$16,485,871
Interest on participant loans2012-12-31$115,264
Interest earned on other investments2012-12-31$393,878
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2012-12-31$15,425,708
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2012-12-31$13,098,893
Net investment gain/loss from registered investment companies (e.g. mutual funds)2012-12-31$8,581,471
Net investment gain/loss from pooled separate accounts2012-12-31$2,968,078
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Assets. Invements in employer securities at end of year2012-12-31$7,937,841
Assets. Invements in employer securities at beginning of year2012-12-31$5,580,441
Contributions received in cash from employer2012-12-31$1,728,432
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$8,061,877
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32012-12-31No
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$2,310,878
Aggregate carrying amount (costs) on sale of assets2012-12-31$2,676,046
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31No
Opinion of an independent qualified public accountant for this plan2012-12-31Unqualified
Accountancy firm name2012-12-31ERNST & YOUNG, LLP
Accountancy firm EIN2012-12-31346565596
2011 : CITIZENS REPUBLIC BANCORP 401(K) PLAN 2011 401k financial data
Unrealized appreciation/depreciation of real estate assets2011-12-31$4,975,283
Total unrealized appreciation/depreciation of assets2011-12-31$4,975,283
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$7,075,894
Total loss/gain on sale of assets2011-12-31$-2,392,853
Total of all expenses incurred2011-12-31$14,296,994
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$14,173,323
Expenses. Certain deemed distributions of participant loans2011-12-31$30,791
Value of total corrective distributions2011-12-31$17,931
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$5,838,599
Value of total assets at end of year2011-12-31$104,733,315
Value of total assets at beginning of year2011-12-31$111,954,415
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$74,949
Total interest from all sources2011-12-31$526,927
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$1,000,858
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$1,000,858
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$25,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$293,335
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$5,424,642
Participant contributions at end of year2011-12-31$2,464,905
Participant contributions at beginning of year2011-12-31$2,355,889
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$413,957
Other income not declared elsewhere2011-12-31$78,049
Administrative expenses (other) incurred2011-12-31$74,949
Total non interest bearing cash at end of year2011-12-31$52
Total non interest bearing cash at beginning of year2011-12-31$26
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$-7,221,100
Value of net assets at end of year (total assets less liabilities)2011-12-31$104,733,315
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$111,954,415
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$67,103,153
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$74,087,320
Value of interest in pooled separate accounts at end of year2011-12-31$16,485,871
Value of interest in pooled separate accounts at beginning of year2011-12-31$20,013,104
Interest on participant loans2011-12-31$115,309
Interest earned on other investments2011-12-31$411,618
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2011-12-31$13,098,893
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2011-12-31$12,655,801
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-2,196,929
Net investment gain/loss from pooled separate accounts2011-12-31$-754,040
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Assets. Invements in employer securities at end of year2011-12-31$5,580,441
Assets. Invements in employer securities at beginning of year2011-12-31$2,842,275
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$14,173,323
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32011-12-31No
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$856,586
Aggregate carrying amount (costs) on sale of assets2011-12-31$3,249,439
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31ERNST & YOUNG, LLP
Accountancy firm EIN2011-12-31346565596
2010 : CITIZENS REPUBLIC BANCORP 401(K) PLAN 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2010-12-31$2,538,830
Total unrealized appreciation/depreciation of assets2010-12-31$2,538,830
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$0
Total income from all sources (including contributions)2010-12-31$18,745,631
Total loss/gain on sale of assets2010-12-31$-3,000,919
Total of all expenses incurred2010-12-31$13,168,370
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$12,967,951
Expenses. Certain deemed distributions of participant loans2010-12-31$-1,157
Value of total corrective distributions2010-12-31$107,568
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$6,271,944
Value of total assets at end of year2010-12-31$111,954,415
Value of total assets at beginning of year2010-12-31$106,377,154
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$94,008
Total interest from all sources2010-12-31$631,077
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$1,064,548
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Total dividends received from registered investment company shares (eg mutual funds)2010-12-31$1,064,548
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$25,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$5,549,873
Participant contributions at end of year2010-12-31$2,355,889
Participant contributions at beginning of year2010-12-31$2,335,884
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$722,071
Other income not declared elsewhere2010-12-31$99,887
Administrative expenses (other) incurred2010-12-31$94,008
Total non interest bearing cash at end of year2010-12-31$26
Total non interest bearing cash at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$5,577,261
Value of net assets at end of year (total assets less liabilities)2010-12-31$111,954,415
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$106,377,154
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2010-12-31$74,087,320
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2010-12-31$59,327,684
Value of interest in pooled separate accounts at end of year2010-12-31$20,013,104
Value of interest in pooled separate accounts at beginning of year2010-12-31$28,184,427
Interest on participant loans2010-12-31$134,160
Interest earned on other investments2010-12-31$496,917
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2010-12-31$12,655,801
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2010-12-31$13,966,912
Net investment gain/loss from registered investment companies (e.g. mutual funds)2010-12-31$8,017,193
Net investment gain/loss from pooled separate accounts2010-12-31$3,123,071
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Assets. Invements in employer securities at end of year2010-12-31$2,842,275
Assets. Invements in employer securities at beginning of year2010-12-31$2,562,247
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$12,967,951
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32010-12-31No
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$1,029,631
Aggregate carrying amount (costs) on sale of assets2010-12-31$4,030,550
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31No
Opinion of an independent qualified public accountant for this plan2010-12-31Unqualified
Accountancy firm name2010-12-31ERNST & YOUNG, LLP
Accountancy firm EIN2010-12-31346565596
2009 : CITIZENS REPUBLIC BANCORP 401(K) PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for CITIZENS REPUBLIC BANCORP 401(K) PLAN

2012: CITIZENS REPUBLIC BANCORP 401(K) PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – InsuranceYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement – InsuranceYes
2012-01-01Plan benefit arrangement - TrustYes
2011: CITIZENS REPUBLIC BANCORP 401(K) PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – InsuranceYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement – InsuranceYes
2011-01-01Plan benefit arrangement - TrustYes
2010: CITIZENS REPUBLIC BANCORP 401(K) PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – InsuranceYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement – InsuranceYes
2010-01-01Plan benefit arrangement - TrustYes
2009: CITIZENS REPUBLIC BANCORP 401(K) PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – InsuranceYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement – InsuranceYes
2009-01-01Plan benefit arrangement - TrustYes

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