ESOP · DOL Form 5500 · 2022
The Citizens Bank ESOP
Data updated 2026-08-11
- $23M
- Total assets
- 96
- Participants
- 79th
- Percentile by assets
- $235,516
- Avg per participant
Official DOL plan name: Citizens Bank Employee Stock Ownership and Retirement Savings Plan · Sponsored by The Citizens Bank · New Mexico · Finance & Insurance
$23M in assets, 96 participants
The Citizens Bank's Citizens Bank Employee Stock Ownership and Retirement Savings Plan reported $23M in total assets and 96 participants in its 2022 DOL Form 5500 filing, ranking in the 79th 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.
- 79th percentile by assets (of 139,126 plans)
- #6,147 in Finance & Insurance (9,261 peers)
Where Citizens Bank Employee Stock Ownership and Retirement Savings Plan sits by assets
Citizens Bank Employee Stock Ownership and Retirement Savings Plan sits in the top quartile of all filed plans by assets, $23M for 96 participants (~$235,516/participant), down 17.1% in 2022.
- $23M
- total plan assets (2022 EOY)
- 96
- covered participants
- 79th
- percentile by assets (of 139,126 plans)
- $235,516
- avg assets per participant
The plan reported a net loss of $4M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Citizens Bank Employee Stock Ownership and Retirement Savings Plan vs the 2022 asset distribution
By assets, Citizens Bank Employee Stock Ownership and Retirement Savings Plan outranks 79% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.2x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $27M |
|---|---|
| Net Assets (End of Year) | $14M |
| Net Income | -$4M |
| Employer EIN | 850021005 |
| Plan Effective Date | 1972-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Citizens Bank)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 196 | $35M |
| 2023 | 2 | 190 | $36M |
| 2024 | 2 | 174 | $40M |
Nearby ESOP Plans in New Mexico
Peer ESOP plans, same state, same plan type, ranked by total assets.
Citizens Bank Employee Stock Ownership and Retirement Savings Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
- Employee Stock Ownership Plan of Applied Research Associates, Inc. $462M · 1,640
- Ppic Employee Stock Ownership Plan $44M · 131
- Commerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan $15M · 16
- Miller Engineers, Inc. Employee Stock Ownership Plan $14M · 241
- Jack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan $14M · 98
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Citizens Bank Employee Stock Ownership and Retirement Savings Plan by total assets, not by location.
- Ewing-Foley, Inc. Employee Stock Ownership Plan (CA) $23M · 89
- Ehlers and Associates, Inc. Employee Stock Ownership Plan and Trust (MN) $23M · 78
- Rotochopper, Inc. First Restated Employee Stock Ownership Plan and Trust (MN) $23M · 96
- Buse Timber & Sales, Inc. Employee Stock Ownership Plan (WA) $23M · 45
Frequently Asked Questions
How did Citizens Bank Employee Stock Ownership and Retirement Savings Plan assets move in 2022? ▼
How have The Citizens Bank plan assets changed over time? ▼
Where does Citizens Bank Employee Stock Ownership and Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which ESOP plans are similar in size to Citizens Bank Employee Stock Ownership and Retirement Savings Plan? ▼
Next read for Citizens Bank Employee Stock Ownership a…
Scale reading
Ways to act on Citizens Bank Employee Stock Ownership and Retirement Savings Plan's numbers.
- By total assets, Citizens Bank Employee Stock Ownership and Retirement Savings Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in New Mexico. Compare plans
- The Citizens Bank's sponsor-wide assets have grown 14.5% since 2022 across 3 plan years on file. More Finance & Insurance plans