Plan Ledger DOL Form 5500 · updated monthly

Citizens National Bank401(k)

CITIZENS NATIONAL BANK 401(K) PROFIT SHARING PLAN · SEVIERVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Citizens National Bank reported $86,631 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $3,473 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 has held roughly steady near 0.37%. 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 480th-largest of 1,496 plans among Tennessee employers on file, and 2,729th of 4,798 in finance & insurance. In 2024, the employer put in $1.32 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$24,631,738
Participants with balances241
Active participants210
Employer contributions$729,314
Employee contributions$554,540
Employer contribution per active participant$3,473
Average account balance$102,206
Benefits paid to participants$1,124,745
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.6M · 241 accts · $729K emplr
2023$21.6M · 248 accts · $517K emplr
2022$19.1M · 232 accts · $507K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,301
Trustee / custodial$46,330
Total administrative$86,631
The Citizens National Bank 401(k) match · 2024
Employer contribution per active participant$3,473
Median for plans this size$2,416
2024$3,473 per active participant
2023$2,362 per active participant
2022$2,367 per active participant

Citizens National Bank's 2024 employer contribution ran above the $2,416 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.

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 · 20241
THE TRUST COMPANY OF TENNESSEE INC · Recordkeeping · Trustee$86,632

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

Recordkeeper by year2
2024THE TRUST COMPANY OF TENNESSEE INC
2023THE TRUST COMPANY OF TENNESSEE INC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$86,631 · 0.37%
2023$77,631 · 0.38%
2022$82,443 · 0.39%
Same employer
Similar plansFinance & Insurance · Tennessee
Independent Bank TN$29.8M · 0.26%
Citizens Tri-County Bank TN$24.8M · 0.06%
Citizens Bank TN$24.1M · 0.25%
Builtwell Bancorp, Inc. TN$22.0M · 0.47%
Capstar Bank TN$21.9M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620883220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.