ESOP · DOL Form 5500 · 2022

The Citizens Bank ESOP

Data updated 2026-08-25

$23M
Total assets Small plan by assets
96
Participants Small participant base
79th
Percentile by assets National rank
$235,516
Avg per participant Above avg balance/head
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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.

  • #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.

#6,147
in Finance & Insurance (9,261 peers)
-17.1%
assets change YoY
0.2×
vs typical plan assets (national mean)

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's outsized position by total assets

Citizens Bank Employee Stock Ownership and Retirement Savings Plan vs every filed plan by assets

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

$22,609,578 Top 21% higher than 79% 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 Employee Stock Ownership and Retirement Savings Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Citizens Bank Employee Stock Ownership and Retirement Savings Plan is a small filing (96 participants) on this national headcount ladder.

Published 5500 schedule card

Filing strip 850021005 · The Citizens Bank PY 2022 · ESOP

Citizens Bank Employee Stock Ownership and Retirement Savings Plan · $23M · 96 · 79th

  • RANK $23M
  • RANK 96
  • RANK 79th
  • RANK ESOP
  • RANK near Ewing-Foley, Inc. Employee Stock Ownership Plan
  • RANK ind #6147

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 What is an ESOP? → · Plans in New Mexico →

Citizens Bank Employee Stock Ownership and Retirement Savings Plan in the asset neighbourhood

Rotochopper, Inc. First Restated Employee Stock Ownership Plan and TrustRotochopper, Inc. First Rest…$23MCitizens Bank Employee Stock Ownership and Retirement Savings PlanCitizens Bank Employee Stock…$23MEwing-Foley, Inc. Employee Stock Ownership PlanEwing-Foley, Inc. Employee S…$23MEhlers and Associates, Inc. Employee Stock Ownership Plan and TrustEhlers and Associates, Inc. …$23MBuse Timber & Sales, Inc. Employee Stock Ownership PlanBuse Timber & Sales, Inc. Em…$23M
End-of-year total assets ($M) among Citizens Bank Employee Stock Ownership and Retirement Savings Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$27M
Net Assets (End of Year)$14M
Net Income-$4M
Employer EIN850021005
Plan Effective Date1972-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Citizens Bank)

Sponsor-wide plan assets over time

All The Citizens Bank plans reported in each filing year

Latest sponsor-wide plan assets
$40M 14.525386824813575% vs 2022
2024 filing year
$34M$36M$38M$40M$42M 202220232024 $35.2M $40.3M ▲ +14.5%
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 Scatter plot of 6 data points. -5000500100015002000 -1000100200300400500 Total assets ($M) Participants Citizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 22.609578 · Participants: 96Citizens Bank Employee Stock Ownership and Retirement Savings PlanEmployee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 462.103687 · Participants: 1640Employee Stock Ownership Plan of Applied Research Associates, Inc.Ppic Employee Stock Ownership Plan, Total assets ($M): 43.6561 · Participants: 131Ppic Employee Stock Ownership PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 15.165201 · Participants: 16Commerce Bancshares of Roswell, Inc. Employee Stock Ownership PlanMiller Engineers, Inc. Employee Stock Ownership Plan, Total assets ($M): 14.155084 · Participants: 241Miller Engineers, Inc. Employee Stock Ownership PlanJack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 13.73941 · Participants: 98Jack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan
Citizens Bank Employee Stock Ownership and Retirement Savings Plan vs. nearby ESOP plans in New Mexico, assets vs. participants
Compare Citizens Bank Employee Stock Ownership and Retirement Savings Plan side-by-side with 3 peers →

Citizens Bank Employee Stock Ownership and Retirement Savings Plan's out-of-state ESOP peers by assets and headcount

Outside New Mexico, the nearest ESOP by assets is Ewing-Foley, Inc. Employee Stock Ownership Plan in CA ($23M); by covered participants it is Torrent Employee Stock Ownership Plan in NC (96 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (96 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 Employee Stock Ownership and Retirement Savings Plan assets move in 2022? ▼
Citizens Bank Employee Stock Ownership and Retirement Savings Plan declined sharply - down 17.1% during 2022, from $27M to $23M. Reported net income was -$4M.
How have The Citizens Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Citizens Bank's sponsor-wide assets grew 14.5%, from $35M to $40M.
Where does Citizens Bank Employee Stock Ownership and Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Citizens Bank Employee Stock Ownership and Retirement Savings Plan ranks in the 79th 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 ESOP plans are similar in size to Citizens Bank Employee Stock Ownership and Retirement Savings Plan? ▼
Among ESOP plans in other states, the closest by assets is Ewing-Foley, Inc. Employee Stock Ownership Plan in CA ($23M, 89 participants).
Which ESOP plans cover a similar participant headcount to Citizens Bank Employee Stock Ownership and Retirement Savings Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Torrent Employee Stock Ownership Plan in NC (96 participants, $310K 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 850021005.

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.