Citizens and Farmers Bank401(k)
VBA DEFINED CONTRIBUTION PLAN FOR CITIZENS AND FARMERS BANK · WEST POINT, VA · plan year 2025
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Citizens and Farmers Bank reported $370,822 in plan administrative expenses for 2025: 0.57% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,377 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 3 years on file its reported administrative ratio rose from 0.55% to 0.57%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other finance & insurance employers. By assets it is the 384th-largest of 2,266 plans among Virginia employers on file, and the 1,318th of 4,798 in finance & insurance. In 2025, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 357 to 414 since 2022.
Citizens and Farmers Bank's 2025 employer contribution ran below the $4,093 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 540169510 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.