Citizens Financial Bank 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2012. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Citizens Financial Bank 401(k) Plan Facts (plan year 2012)

Plan name
CITIZENS FINANCIAL BANK 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
CITIZENS FINANCIAL BANK
Participants
397 (267 active employees)
Former employees with a balance
64
Plan assets
$18,033,746 at Dec 31, 2012
Average account balance
$54,648 across 330 accounts
Employer contributions
$393,988 in plan year 2012 (29% of all contributions)
Plan year
Jan 1, 2012 – Dec 31, 2012
Plan established
Oct 1, 1990
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing✓ Company stock (ESOP)

Source: Form 5500 for plan year 2012 (Jan 1, 2012 – Dec 31, 2012), filed Jul 8, 2013. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2012

  • $1.35 million went into the plan in contributions, $393,988 of it from the employer (29%).
  • $3.33 million was paid out to participants.
  • Investment and other income added $3.05 million.
  • Administrative expenses were $24,400, about $74 per account.

How the Citizens Financial Bank 401(k) changed, 2009–2012

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2009393$10.8 million$421,813$700,864
2010368$17.6 million$407,449$647,560
2011395$17.0 million$426,293$1.55 million
2012397$18.0 million$393,988$3.33 million

Citizens Financial Bank 401(k) Contact Information

Phone
219-513-2265
Mailing address
707 RIDGE ROAD, MUNSTER IN 463210000
Plan sponsor
CITIZENS FINANCIAL BANK
Employer identification number (EIN)
35-0227439
Plan number
002

Questions about the Citizens Financial Bank 401(k)

Is the Citizens Financial Bank 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2012, and no later filing was found under this employer's EIN.

Does Citizens Financial Bank contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2012 the employer contributed $393,988, 29% of all contributions.

Does the Citizens Financial Bank 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Citizens Financial Bank 401(k) plan?

397 participants at the start of plan year 2012, 267 of them active employees, and 64 former employees who still had money in the plan.

What is the average 401(k) balance at Citizens Financial Bank?

About $54,648 per account: $18.0 million in plan assets across 330 accounts with a balance at the end of plan year 2012.

Who manages the Citizens Financial Bank 401(k) accounts?

Vanguard is the plan's recordkeeper, which is where participants log in to see their balance.

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