CITIZENS BANK & TRUST has sponsored the creation of one or more 401k plans.
Submission information for form 5500 for 401k plan CITIZENS BANK & TRUST RETIREMENT BENEFITS PLAN
401k plan membership statisitcs for CITIZENS BANK & TRUST RETIREMENT BENEFITS PLAN
Measure | Date | Value |
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2023 : CITIZENS BANK & TRUST RETIREMENT BENEFITS PLAN 2023 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2023-06-30 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2023-06-30 | $0 |
Total income from all sources (including contributions) | 2023-06-30 | $1,284,420 |
Total loss/gain on sale of assets | 2023-06-30 | $0 |
Total of all expenses incurred | 2023-06-30 | $32,716,091 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2023-06-30 | $32,715,982 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2023-06-30 | $64,962 |
Value of total assets at end of year | 2023-06-30 | $0 |
Value of total assets at beginning of year | 2023-06-30 | $31,431,671 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2023-06-30 | $109 |
Total interest from all sources | 2023-06-30 | $29,188 |
Total dividends received (eg from common stock, registered investment company shares) | 2023-06-30 | $87,309 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2023-06-30 | Yes |
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan | 2023-06-30 | $0 |
Total dividends received from registered investment company shares (eg mutual funds) | 2023-06-30 | $87,309 |
Was this plan covered by a fidelity bond | 2023-06-30 | No |
If this is an individual account plan, was there a blackout period | 2023-06-30 | No |
Were there any nonexempt tranactions with any party-in-interest | 2023-06-30 | No |
Contributions received from participants | 2023-06-30 | $49,125 |
Participant contributions at end of year | 2023-06-30 | $0 |
Participant contributions at beginning of year | 2023-06-30 | $276,521 |
Participant contributions at end of year | 2023-06-30 | $0 |
Participant contributions at beginning of year | 2023-06-30 | $33,781 |
Administrative expenses (other) incurred | 2023-06-30 | $109 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-06-30 | No |
Value of net income/loss | 2023-06-30 | $-31,431,671 |
Value of net assets at end of year (total assets less liabilities) | 2023-06-30 | $0 |
Value of net assets at beginning of year (total assets less liabilities) | 2023-06-30 | $31,431,671 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2023-06-30 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2023-06-30 | No |
Were any leases to which the plan was party in default or uncollectible | 2023-06-30 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2023-06-30 | $0 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2023-06-30 | $26,538,041 |
Interest on participant loans | 2023-06-30 | $1,859 |
Value of interest in common/collective trusts at end of year | 2023-06-30 | $0 |
Value of interest in common/collective trusts at beginning of year | 2023-06-30 | $2,751,918 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2023-06-30 | $0 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2023-06-30 | $1,816,222 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2023-06-30 | $1,816,222 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2023-06-30 | $27,329 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2023-06-30 | $1,078,738 |
Net investment gain or loss from common/collective trusts | 2023-06-30 | $24,223 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2023-06-30 | No |
Was there a failure to transmit to the plan any participant contributions | 2023-06-30 | No |
Has the plan failed to provide any benefit when due under the plan | 2023-06-30 | No |
Contributions received in cash from employer | 2023-06-30 | $15,837 |
Employer contributions (assets) at end of year | 2023-06-30 | $0 |
Employer contributions (assets) at beginning of year | 2023-06-30 | $15,188 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2023-06-30 | $32,715,982 |
Did the plan have assets held for investment | 2023-06-30 | No |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2023-06-30 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2023-06-30 | Yes |
Opinion of an independent qualified public accountant for this plan | 2023-06-30 | Unqualified |
Accountancy firm name | 2023-06-30 | CLIFTONLARSONALLEN LLP |
Accountancy firm EIN | 2023-06-30 | 410746749 |
2022 : CITIZENS BANK & TRUST RETIREMENT BENEFITS PLAN 2022 401k financial data |
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Total unrealized appreciation/depreciation of assets | 2022-12-31 | $0 |
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities) | 2022-12-31 | $0 |
Total income from all sources (including contributions) | 2022-12-31 | $-4,514,487 |
Total loss/gain on sale of assets | 2022-12-31 | $0 |
Total of all expenses incurred | 2022-12-31 | $2,179,154 |
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others | 2022-12-31 | $2,178,583 |
Total contributions o plan (from employers,participants, others, non cash contrinutions) | 2022-12-31 | $1,331,153 |
Value of total assets at end of year | 2022-12-31 | $31,431,671 |
Value of total assets at beginning of year | 2022-12-31 | $38,125,312 |
Total of administrative expenses incurred including professional, contract, advisory and management fees | 2022-12-31 | $571 |
Total interest from all sources | 2022-12-31 | $31,881 |
Total dividends received (eg from common stock, registered investment company shares) | 2022-12-31 | $2,888,346 |
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year | 2022-12-31 | No |
Total dividends received from registered investment company shares (eg mutual funds) | 2022-12-31 | $2,888,346 |
Was this plan covered by a fidelity bond | 2022-12-31 | No |
If this is an individual account plan, was there a blackout period | 2022-12-31 | No |
Were there any nonexempt tranactions with any party-in-interest | 2022-12-31 | No |
Contributions received from participants | 2022-12-31 | $919,359 |
Participant contributions at end of year | 2022-12-31 | $276,521 |
Participant contributions at beginning of year | 2022-12-31 | $188,190 |
Participant contributions at end of year | 2022-12-31 | $33,781 |
Participant contributions at beginning of year | 2022-12-31 | $34,723 |
Administrative expenses (other) incurred | 2022-12-31 | $571 |
Total non interest bearing cash at beginning of year | 2022-12-31 | $0 |
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Value of net income/loss | 2022-12-31 | $-6,693,641 |
Value of net assets at end of year (total assets less liabilities) | 2022-12-31 | $31,431,671 |
Value of net assets at beginning of year (total assets less liabilities) | 2022-12-31 | $38,125,312 |
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond) | 2022-12-31 | No |
Were any loans by the plan or fixed income obligations due to the plan in default | 2022-12-31 | No |
Were any leases to which the plan was party in default or uncollectible | 2022-12-31 | No |
Value of interest in registered invesment companies (eg mutual funds) at end of year | 2022-12-31 | $26,538,041 |
Value of interest in registered invesment companies (eg mutual funds) at beginning of year | 2022-12-31 | $34,816,214 |
Interest on participant loans | 2022-12-31 | $12,749 |
Value of interest in common/collective trusts at end of year | 2022-12-31 | $2,751,918 |
Value of interest in common/collective trusts at beginning of year | 2022-12-31 | $1,185,103 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year | 2022-12-31 | $1,816,222 |
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year | 2022-12-31 | $1,884,798 |
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year | 2022-12-31 | $1,884,798 |
Interest earned from interest bearing cash (including money market accounts and certificates of deposit) | 2022-12-31 | $19,132 |
Net investment gain/loss from registered investment companies (e.g. mutual funds) | 2022-12-31 | $-8,810,689 |
Net investment gain or loss from common/collective trusts | 2022-12-31 | $44,822 |
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets | 2022-12-31 | No |
Was there a failure to transmit to the plan any participant contributions | 2022-12-31 | No |
Has the plan failed to provide any benefit when due under the plan | 2022-12-31 | No |
Contributions received in cash from employer | 2022-12-31 | $411,794 |
Employer contributions (assets) at end of year | 2022-12-31 | $15,188 |
Employer contributions (assets) at beginning of year | 2022-12-31 | $16,284 |
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers | 2022-12-31 | $2,178,583 |
Did the plan have assets held for investment | 2022-12-31 | Yes |
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser | 2022-12-31 | No |
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC | 2022-12-31 | No |
Opinion of an independent qualified public accountant for this plan | 2022-12-31 | Unqualified |
Accountancy firm name | 2022-12-31 | CLIFTONLARSONALLEN LLP |
Accountancy firm EIN | 2022-12-31 | 410746749 |