Plan Ledger DOL Form 5500 · updated monthly

Citizens Bank401(k)

CITIZENS BANK 401(K) PLAN · CORVALLIS, OR · plan year 2024

Reported admin expense ratio · 2024
0.29%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Citizens Bank reported $76,604 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $4,212 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 2 years on file its reported administrative ratio rose from 0.27% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 296th-largest of 1,021 plans among Oregon employers on file, and 2,501st of 4,798 in finance & insurance. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,327,308
Participants with balances221
Active participants185
Employer contributions$779,256
Employee contributions$1,188,218
Employer contribution per active participant$4,212
Average account balance$128,178
Benefits paid to participants$2,727,553
Plan auditUnmodified (clean) audit opinion
AuditorDELAP
Plan history3
Yearassets · accounts · employer contribution
2024$28.3M · 221 accts · $779K emplr
2023$25.2M · 230 accts · $745K emplr
2022$19.7M · 223 accts · $664K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,604
Total administrative$76,604
The Citizens Bank 401(k) match · 2024
Employer contribution per active participant$4,212
Median for plans this size$2,416
2024$4,212 per active participant
2023$3,881 per active participant
2022$3,607 per active participant

Citizens Bank's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$76,604
EDWARD JONES · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$76,604 · 0.29%
2023$62,657 · 0.28%
2022$59,350 · 0.27%
Same employer
Similar plansFinance & Insurance · Oregon
Advantis Credit Union OR$30.9M · 0.22%
Bank of Eastern Oregon OR$28.8M · 0.42%
Genesis Financial Solutions OR$26.6M · 0.40%
Precoa, LLC OR$25.3M · 0.01%
Vesta Corporation OR$24.5M · 0.20%
Cse Insurance Services, Inc OR$23.8M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930462799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.