Citizens National Bank401(k)
CITIZENS NATIONAL BANK 401(K) PLAN · SOMERSET, KY · plan year 2023
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Citizens National Bank reported $950 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,054 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 fell from 0.015% to 0.011%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Kentucky (513th of 871), and 4,113th of 4,798 in finance & insurance. In 2023, the employer put in $1.05 for every $1.00 employees contributed themselves.
Citizens National Bank's 2023 employer contribution ran above the $1,308 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.
Annual cost at the plan's reported 2023 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 610156616 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.