CITIZENS BANK SALARY SAVINGS PLAN
Plan Contact
- Address: P.O. BOX 1900,ELIZABETHTON,TN
- Contact person: AMY TRUE
- Phone: (423) 547-2087
Plan General Information
CITIZENS BANK SALARY SAVINGS PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of CITIZENS BANK SALARY SAVINGS PLAN is $20,590,981.00.This plan was established in 1989.
CITIZENS BANK SALARY SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in CITIZENS BANK SALARY SAVINGS PLAN is 267
CITIZENS BANK SALARY SAVINGS PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for CITIZENS BANK SALARY SAVINGS PLAN is $77,119.00
CITIZENS BANK SALARY SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for CITIZENS BANK SALARY SAVINGS PLAN is $5,016.00.
CITIZENS BANK SALARY SAVINGS PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in CITIZENS BANK SALARY SAVINGS PLAN is approximately $2,316.00
Investing in this additonal $2,316.00 for 20 years would give you extra $148,230.00, assuming a 10% annual return.
Investing in this additonal $2,316.00 for 20 years would give you extra $148,230.00, assuming a 10% annual return.
CITIZENS BANK SALARY SAVINGS PLAN Total Employer Contribution and Match Rate
In 2023, CITIZENS BANK SALARY SAVINGS PLAN allocates $618,401.00 to match its employees' contributions, providing an employer match rate of 50.01% of their contributions
CITIZENS BANK SALARY SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of CITIZENS BANK SALARY SAVINGS PLAN is 19.71%.
CITIZENS BANK SALARY SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for CITIZENS BANK SALARY SAVINGS PLAN is 15.16%. This measures the effectiveness of the plan participants' investments in the year.
CITIZENS BANK SALARY SAVINGS PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of CITIZENS BANK SALARY SAVINGS PLAN is 0.24%.
Enrollment Features
CITIZENS BANK SALARY SAVINGS 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.
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