CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN is $4,500,731.This plan was established in 1971.

At the end of 2022, the total number of retirement plan participants in CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN is 112

In 2022, the average participant retirement account value for CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN is $40,185

In 2022, the estimated average employee contribution amount per participant for CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN is $5,770

In 2022, the estimated average employer match for an employee in CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN is approximately $2,094

In 2022, CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN allocates $234,540 to match its employees’ contributions, providing an employer match rate of 72.59% of their contributions

In 2022, the total retirement plan asset growth rate of CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN is -10.09%

In 2022, the estimated aggregate retirement account investment gain/loss for CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN is -15.39%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN is 0.38%.

Enrollment Features

CITIZENS STATE BANK SAVINGS AND PROFIT SHARING PLAN has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.