Plan Ledger DOL Form 5500 · updated monthly

The Citizens National Bank of Bluff TonESOP

THE CITIZENS NATIONAL BANK OF BLUFFTON EMPLOYEE STOCK OWNERSHIP PLAN · BLUFFTON, OH · plan year 2022

Reported admin expense ratio · 2022
0.14%

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

The Citizens National Bank of Bluff Ton reported $41,721 in plan administrative expenses for 2022: 0.14% of average plan assets, below the peer median. Employer contributions averaged $8,526 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 0.135%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 953rd-largest of 3,295 plans among Ohio employers on file, and the 2,370th of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$30,998,359
Participants with balances168
Active participants124
Employer contributions$1,057,245
Employee contributions—
Employer contribution per active participant$8,526
Average account balance$184,514
Benefits paid to participants$2,782,960
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$26.5M · 171 accts · $847K emplr
2023$30.2M · 181 accts · $924K emplr
2022$31.0M · 168 accts · $1.1M emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$11,810
Professional / advisory$25,711
Total administrative$41,721
Employer contributions to the The Citizens National Bank of Bluff Ton plan · 2022
Employer contribution per active participant$8,526
Median for plans this size$2,266
2024$7,242 per active participant
2023$7,393 per active participant
2022$8,526 per active participant

The Citizens National Bank of Bluff Ton's 2022 employer contribution ran above the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$38,307 · 0.14%
2023$37,590 · 0.12%
2022$41,721 · 0.14%
Same employer
Similar plansFinance & Insurance · Ohio
The Croghan Colonial Bank OH$31.5M · 0.12%
Ohio Valley Banc Corp. OH$30.1M · 0.01%
Equity Trust Company OH$29.9M · 0.07%
McGowan & Company, Inc. OH$29.7M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 344205025 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.