Defined Benefit (Pension) · DOL Form 5500 · 2022

Citizens & Farmers Bank Pension Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
322
Participants Below avg headcount
76th
Percentile by assets National rank
$57,006
Avg per participant Low balance/head
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Official DOL plan name: Sba Cash Balance Pension Plan for Citizens & Farmers Bank · Sponsored by Citizens & Farmers Bank · Virginia · Finance & Insurance

$18M in assets, 322 participants

Citizens & Farmers Bank's Sba Cash Balance Pension Plan for Citizens & Farmers Bank reported $18M in total assets and 322 participants in its 2022 DOL Form 5500 filing, ranking in the 76th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #5,750 in Finance & Insurance (9,261 peers)

Coverage in Virginia

Sba Cash Balance Pension Plan for Citizens & Farmers Bank covers 322 participants in Virginia, about 41% of the average Virginia filer (state average ~782 per filing). Assets: $18M.

#5,750
in Finance & Insurance (9,261 peers)
-23.0%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sba Cash Balance Pension Plan for Citizens & Farmers Bank's outsized position by total assets

Sba Cash Balance Pension Plan for Citizens & Farmers Bank vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$18,356,039 Top 24% higher than 76% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Sba Cash Balance Pension Plan for Citizens & Farmers Bank among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sba Cash Balance Pension Plan for Citizens & Farmers Bank sits mid-pack in the medium band (322 participants).

EBSA filing schedule strip

Filing strip 540169510 · Citizens & Farmers Bank PY 2022 · Defined Benefit (Pension)

Sba Cash Balance Pension Plan for Citizens & Farmers Bank · $18M · 322 · 76th

  • PCT $18M
  • PCT 322
  • PCT 76th
  • PCT Defined Benefit (Pension)
  • PCT near Local 202 Sheet Metal Workers Pension Fund
  • PCT ind #5750

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Virginia →

Sba Cash Balance Pension Plan for Citizens & Farmers Bank in the asset neighbourhood

Sba Cash Balance Pension Plan for Citizens & Farmers BankSba Cash Balance Pension Pla…$18MLocal 202 Sheet Metal Workers Pension FundLocal 202 Sheet Metal Worker…$18MPension Plan for Hourly Employees of Timber Products Co and AffiliatesPension Plan for Hourly Empl…$18MTerritorial Savings Bank Employee Retirement PlanTerritorial Savings Bank Emp…$18MYale Security Inc. Bargaining Unit Pension PlanYale Security Inc. Bargainin…$18M
End-of-year total assets ($M) among Sba Cash Balance Pension Plan for Citizens & Farmers Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Virginia filing particulars

Total Assets (Beginning of Year)$24M
Net Assets (End of Year)$18M
Net Income-$5M
Employer EIN540169510
Plan Effective Date1967-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Citizens & Farmers Bank)

Sponsor-wide plan assets over time

All Citizens & Farmers Bank plans reported in each filing year

Latest sponsor-wide plan assets
$82M 37.79151272495212% vs 2022
2024 filing year
$50M$60M$70M$80M$90M 202220232024 $59.3M $81.7M ▲ +37.8%
Year Plans Participants Total Assets
2022 2 669 $59M
2023 2 648 $73M
2024 2 709 $82M

Nearby Defined Benefit (Pension) Plans in Virginia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Sba Cash Balance Pension Plan for Citizens & Farmers Bank vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Sba Cash Balance Pension Plan for Citizens & Farmers Bank, Total assets ($B): 0.018356039 · Participants: 322Sba Cash Balance Pension Plan for Citizens & Farmers BankNorthrop Grumman Pension Plan, Total assets ($B): 18.331391337 · Participants: 14867Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 9.385168374 · Participants: 54531Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.061267673 · Participants: 7799Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 7.265847838 · Participants: 12832Dominion Energy Pension PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 7.155241333 · Participants: 61068Sheet Metal Workers' National Pension Fund
Sba Cash Balance Pension Plan for Citizens & Farmers Bank vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Sba Cash Balance Pension Plan for Citizens & Farmers Bank side-by-side with 3 peers →

Sba Cash Balance Pension Plan for Citizens & Farmers Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Local 202 Sheet Metal Workers Pension Fund in MO ($18M); by covered participants it is Plumbers, Pipefitters & Apprentices Local 112 Pension Plan in NY (322 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (322 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sba Cash Balance Pension Plan for Citizens & Farmers Bank assets move in 2022? ▼
Sba Cash Balance Pension Plan for Citizens & Farmers Bank declined sharply - down 23.0% during 2022, from $24M to $18M. Reported net income was -$5M.
How have Citizens & Farmers Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Citizens & Farmers Bank's sponsor-wide assets grew 37.8%, from $59M to $82M.
Where does Sba Cash Balance Pension Plan for Citizens & Farmers Bank rank by assets among Form 5500 filers? ▼
Sba Cash Balance Pension Plan for Citizens & Farmers Bank ranks in the 76th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sba Cash Balance Pension Plan for Citizens & Farmers Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Local 202 Sheet Metal Workers Pension Fund in MO ($18M, 11 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sba Cash Balance Pension Plan for Citizens & Farmers Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Plumbers, Pipefitters & Apprentices Local 112 Pension Plan in NY (322 participants, $77M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 540169510.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.