Plan Ledger DOL Form 5500 · updated monthly

Citizens Tri-County Bank401(k)

CITIZENS TRI-COUNTY BANK SAFE HARBOR 401K PLAN · DUNLAP, TN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Citizens Tri-County Bank reported $15,062 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,636 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 0.05% to 0.06%. 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 478th-largest of 1,496 plans among Tennessee employers on file, and 2,720th of 4,798 in finance & insurance. In 2024, the employer put in $1.04 for every $1.00 employees contributed themselves; active participation has grown from 264 to 346 since 2022.

Plan summary
Net assets, end of year$24,754,877
Participants with balances326
Active participants346
Employer contributions$911,904
Employee contributions$873,809
Employer contribution per active participant$2,636
Average account balance$75,935
Benefits paid to participants$1,533,013
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 326 accts · $912K emplr
2023$22.3M · 297 accts · $869K emplr
2022$19.6M · 279 accts · $814K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,062
Total administrative$15,062
The Citizens Tri-County Bank 401(k) match · 2024
Employer contribution per active participant$2,636
Median for plans this size$2,416
2024$2,636 per active participant
2023$2,691 per active participant
2022$3,083 per active participant

Citizens Tri-County 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 · 20242
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$1,978
PENSIONMARK FIN GROUP LLC · Consultingindirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

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

Administrative cost history3
2024$15,062 · 0.06%
2023$11,629 · 0.06%
2022$11,304 · 0.05%
Same employer
Similar plansFinance & Insurance · Tennessee
Mortgage Investors Group TN$30.2M · 0.64%
Independent Bank TN$29.8M · 0.26%
Citizens National Bank TN$24.6M · 0.37%
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 620875633 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.