Plan Ledger DOL Form 5500 · updated monthly

Citizens & Northern Corporation401(k)

CITIZENS & NORTHERN CORPORATION SAVINGS & RETIREMENT PLAN · WELLSBORO, PA · plan year 2024

Employer contribution per participant · 2024
$3,877

Citizens & Northern Corporation's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $75,285,071 across 550 participant accounts, with employer contributions averaging $3,877 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 592nd-largest of 3,651 plans among Pennsylvania employers on file, and the 1,235th of 4,798 in finance & insurance. In 2024, employees put in $1.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$75,285,071
Participants with balances550
Active participants388
Employer contributions$1,504,250
Employee contributions$2,638,073
Employer contribution per active participant$3,877
Average account balance$136,882
Benefits paid to participants$3,997,971
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$75.3M · 550 accts · $1.5M emplr
2023$66.4M · 582 accts · $1.5M emplr
The Citizens & Northern Corporation 401(k) match · 2024
Employer contribution per active participant$3,877
Median for plans this size$3,635
2024$3,877 per active participant
2023$3,657 per active participant

Citizens & Northern Corporation's 2024 employer contribution ran above the $3,635 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.

Administrative cost history2
2024Not separately reported
2023$447 · 0.00%
All plans at this employer2
CITIZENS & NORTHERN CORPORATION SAVINGS & RETIREMENT PLAN401(k)
CITIZENS & NORTHERN CORP. EMPLOYEE STOCK OWNERSHIP PLANESOP
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Source: U.S. Department of Labor, Form 5500 series, EIN 232451943 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.