Retirement plan

FIRST CITIZENS COMMUNITY BANK PROFIT SHARING PLAN

Name: FIRST CITIZENS COMMUNITY BANK - FIRST CITIZENS COMMUNITY BANK PROFIT SHARING PLAN (2024) Form 5500
Creator: FIRST CITIZENS COMMUNITY BANK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST CITIZENS COMMUNITY BANK PROFIT SHARING PLAN, FIRST CITIZENS COMMUNITY BANK

FIRST CITIZENS COMMUNITY BANKEIN 24-0652238Plan #002PY 2024

15 S MAIN ST - MANSFIELD, PA 16933570-662-2121firstcitizensbank.comLinkedIn201-500 employeesbanking

Other plans on this EIN

1 filing

#001Retirement-$11.7M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed December 27, 2018 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

15 South Main Street

Mansfield State: PA Zip Code: 16933

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Plans declared (1)

First Citizens Community Bank Executive Deferred Compensation Plan6 emp

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Total assets (EOY)

$43M

+18.4% from 2023

Total participants

497

-2.5% from 2023

Average account balance

$88,900

+21.1% from 2023

Annual return

16.53%

-11.61 pp from 2023

Benchmarks

See 1,547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,547 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$43.03M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$89K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

484

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.53%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$168

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LARSON KELLETT & ASSOCIATES P.C1 year Filed as: LARSON, KELLETT & ASSOCIATES, P.C. Service code 10 · EIN 23-2723863	Accounting	$13,708
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$7,225

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$81K

$200 / participant

Recordkeeping$64K79.1%
Investment mgmt$5K5.8%
Other / not subdivided$12K15.2%

% of EOY assets

0.189%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LARSON, KELLETT & ASSOCIATES, P.C.
Auditor EIN: 232723863
Audit fees: $12,335
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,900

$129,227-31.2%

$184,256-51.8%

$77,762+14.3%

Participation rate

96.8%

87.4%+9.5pp

86.8%+10.0pp

70.6%+26.2pp

Annual return

16.53%

33.24%-16.7pp

28.85%-12.3pp

31.27%-14.7pp

Employer contribution / active EE

$3,723

$4,412-15.6%

$6,427-42.1%

$2,728+36.5%

Participant deferral / active EE

$5,937

$7,307-18.8%

$9,133-35.0%

$4,651+27.7%

Admin fee / account holder

$168

$256-34.3%

$13,899-98.8%

$433-61.2%

Provider

Service type

Compensation

LARSON KELLETT & ASSOCIATES P.C1 year

Filed as: LARSON, KELLETT & ASSOCIATES, P.C.

Service code 10 · EIN 23-2723863

Accounting

$13,708

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$7,225

FIRST CITIZENS COMMUNITY BANK PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST CITIZENS COMMUNITY BANK PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion