401(k) · DOL Form 5500 · 2022

Citizens Bank 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
229
Participants Below avg headcount
75th
Percentile by assets National rank
$75,111
Avg per participant Below avg balance/head
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Official DOL plan name: Citizens Bank Salary Savings Plan · Sponsored by Citizens Bank · Tennessee · Finance & Insurance

$17M in assets, 229 participants

Citizens Bank's Citizens Bank Salary Savings Plan reported $17M in total assets and 229 participants in its 2022 DOL Form 5500 filing, ranking in the 75th 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.

  • #5,605 in Finance & Insurance (9,261 peers)

Coverage in Tennessee

Citizens Bank Salary Savings Plan covers 229 participants in Tennessee, about 20% of the average Tennessee filer (state average ~1,126 per filing). Assets: $17M.

#5,605
in Finance & Insurance (9,261 peers)
-9.5%
assets change YoY
0.2×
vs typical plan assets (national mean)

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Citizens Bank Salary Savings Plan's outsized position by total assets

Citizens Bank Salary Savings Plan vs every filed plan by assets

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

$17,200,467 Top 25% higher than 75% 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

Citizens Bank Salary Savings Plan 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. Citizens Bank Salary Savings Plan sits mid-pack in the medium band (229 participants).

Plan-year Form 5500 strip

Filing strip 621580428 · Citizens Bank PY 2022 · 401(k)

Citizens Bank Salary Savings Plan · $17M · 229 · 75th

  • PHOTO $17M
  • PHOTO 229
  • PHOTO 75th
  • PHOTO 401(k)
  • PHOTO near Pacific Mobile Structures, Inc. 401(k) Retirement Plan
  • PHOTO ind #5605

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 Tennessee →

Citizens Bank Salary Savings Plan in the asset neighbourhood

Citizens Bank Salary Savings PlanCitizens Bank Salary Savings…$17MPacific Mobile Structures, Inc. 401(k) Retirement PlanPacific Mobile Structures, I…$17MMethodist Children's Home Employees Retirement PlanMethodist Children's Home Em…$17MEig Management Company, LLC 401(k) PlanEig Management Company, LLC …$17MUnity Bank Employees Saving and Profit Sharing Plan and TrustUnity Bank Employees Saving …$17M
End-of-year total assets ($M) among Citizens Bank Salary Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Tennessee filing particulars

Total Assets (Beginning of Year)$19M
Net Assets (End of Year)$17M
Net Income-$2M
Employer EIN621580428
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Citizens Bank)

Sponsor-wide plan assets over time

All Citizens Bank plans reported in each filing year

Latest sponsor-wide plan assets
$24M 40.382368688012946% vs 2022
2024 filing year
$15M$20M$25M 202220232024 $17.2M $24.2M ▲ +40.4%
Year Plans Participants Total Assets
2022 1 229 $17M
2023 1 237 $21M
2024 1 237 $24M

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Citizens Bank Salary Savings Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -50510152025 Total assets ($B) Participants Citizens Bank Salary Savings Plan, Total assets ($B): 0.017200467 · Participants: 229Citizens Bank Salary Savings PlanFedex Corporation Retirement Savings Plan, Total assets ($B): 21.031401128 · Participants: 220835Fedex Corporation Retirement Savings PlanHca 401(k) Plan, Total assets ($B): 18.669830548 · Participants: 280576Hca 401(k) PlanInternational Paper Company Salaried Savings Plan, Total assets ($B): 4.178827147 · Participants: 11839International Paper Company Salaried Savings PlanFederal Express Corporation Pilots Retirement Savings Plan, Total assets ($B): 4.035859621 · Participants: 5305Federal Express Corporation Pilots Retirement Savings PlanChs/Community Health Systems, Inc. Retirement Savings Plan, Total assets ($B): 4.015461486 · Participants: 62485Chs/Community Health Systems, Inc. Retirement Savings Plan
Citizens Bank Salary Savings Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants
Compare Citizens Bank Salary Savings Plan side-by-side with 3 peers →

Citizens Bank Salary Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Pacific Mobile Structures, Inc. 401(k) Retirement Plan in WA ($17M); by covered participants it is Eastern Bag & Paper Company, Inc. 401(k) Plan in CT (229 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (229 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 Citizens Bank Salary Savings Plan assets move in 2022? ▼
Citizens Bank Salary Savings Plan pulled back noticeably - down 9.5% during 2022, from $19M to $17M. Reported net income was -$2M.
How have Citizens Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Citizens Bank's sponsor-wide assets grew 40.4%, from $17M to $24M.
Where does Citizens Bank Salary Savings Plan rank by assets among Form 5500 filers? ▼
Citizens Bank Salary Savings Plan ranks in the 75th 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 401(k) plans are similar in size to Citizens Bank Salary Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pacific Mobile Structures, Inc. 401(k) Retirement Plan in WA ($17M, 169 participants).
Which 401(k) plans cover a similar participant headcount to Citizens Bank Salary Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Eastern Bag & Paper Company, Inc. 401(k) Plan in CT (229 participants, N/A 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 621580428.

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.