Retirement plan

CITIZENS BANK RESTATED PROFIT SHARING PLAN

Name: CITIZENS BANCORP INVESTMENT, INC. - CITIZENS BANK RESTATED PROFIT SHARING PLAN (2023) Form 5500
Creator: CITIZENS BANCORP INVESTMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITIZENS BANK RESTATED PROFIT SHARING PLAN, CITIZENS BANCORP INVESTMENT, INC.

CITIZENS BANCORP INVESTMENT, INC.EIN 62-0123135Plan #001PY 2023

400 HIGHWAY 52 BYPASS WEST, P.O. BOX 100 - LAFAYETTE, TN 37083615-666-2195LinkedIn11-50 employees

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$20.7M

+16.5% from 2022

Total participants

340

+4.9% from 2022

Average account balance

$73,136

+13.7% from 2022

Annual return

17.79%

+32.07 pp from 2022

Benchmarks

See 1,521 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,521 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.72M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

277

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$112

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$27,893
REGIONS BANK2 years Service code 61 · EIN 63-0371391	Finders' fees / placement fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$28K

$99 / participant

Recordkeeping$28K100.0%

% of EOY assets

0.135%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAGGART & ASSOCIATES PC
Auditor EIN: 621036705
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,136

$100,272-27.1%

$170,028-57.0%

$74,440-1.8%

Participation rate

79.9%

87.4%-7.5pp

87.0%-7.1pp

70.7%+9.1pp

Annual return

17.79%

66.12%-48.3pp

53.39%-35.6pp

34.37%-16.6pp

Employer contribution / active EE

$1,802

$4,266-57.7%

$6,788-73.4%

$2,638-31.7%

Participant deferral / active EE

$3,563

$7,147-50.1%

$10,409-65.8%

$4,529-21.3%

Admin fee / account holder

$99

$235-58.0%

$12,820-99.2%

$348-71.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$27,893

REGIONS BANK2 years

Service code 61 · EIN 63-0371391

Finders' fees / placement fees

CITIZENS BANK RESTATED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITIZENS BANK RESTATED PROFIT SHARING PLAN

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