THE CITIZENS BANK KSOP PLAN

Plan Contact

  • Address: 1600 W. PALMETTO STREET,FLORENCE,SC
  • Contact person: JAMES ROBERTS,II
  • Phone: (843) 519-2530

Plan General Information

THE CITIZENS BANK KSOP PLAN Total Retirement Plan Assets

At the end of 2022, the total retirement plan assets of THE CITIZENS BANK KSOP PLAN is $21,361,552.00.This plan was established in 1972.

THE CITIZENS BANK KSOP PLAN Total Number of Retirement Plan Participants

At the end of 2022, the total number of retirement plan participants in THE CITIZENS BANK KSOP PLAN is 236

THE CITIZENS BANK KSOP PLAN Average Participant Retirement Account Value

In 2022, the average participant retirement account value for THE CITIZENS BANK KSOP PLAN is $90,515.00

THE CITIZENS BANK KSOP PLAN Estimated Average Employee Contribution Amount

In 2022, the estimated average employee contribution amount per participant for THE CITIZENS BANK KSOP PLAN is $3,714.00.

THE CITIZENS BANK KSOP PLAN Estimated Average Employer Match

In 2022, the estimated average employer match for an employee in THE CITIZENS BANK KSOP PLAN is approximately $2,126.00
Investing in this additonal $2,126.00 for 20 years would give you extra $136,096.00, assuming a 10% annual return.

THE CITIZENS BANK KSOP PLAN Total Employer Contribution and Match Rate

In 2022, THE CITIZENS BANK KSOP PLAN allocates $501,856.00 to match its employees' contributions, providing an employer match rate of 62.83% of their contributions

THE CITIZENS BANK KSOP PLAN Total Retirement Plan Asset Growth Rate

In 2022, the total retirement plan asset growth rate of THE CITIZENS BANK KSOP PLAN is -7.31%.

THE CITIZENS BANK KSOP PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2022, the estimated aggregate retirement account investment gain/loss for THE CITIZENS BANK KSOP PLAN is -11.63%. This measures the effectiveness of the plan participants' investments in the year.

THE CITIZENS BANK KSOP PLAN Expense Ratio

In 2022, the investment and administrative expense ratio of THE CITIZENS BANK KSOP PLAN is 0.01%.

Enrollment Features

THE CITIZENS BANK KSOP PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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