401(k) · DOL Form 5500 · 2023

Citizens and Farmers Bank 401(k) Plan

Data updated 2026-08-25

$54M
Total assets Below avg plan size
357
Participants Below avg headcount
86th
Percentile by assets National rank
$150,305
Avg per participant Above avg balance/head
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Official DOL plan name: Sba Defined Contribution Plan for Citizens and Farmers Bank · Sponsored by Citizens and Farmers Bank · Virginia · Finance & Insurance

$54M in assets, 357 participants

Citizens and Farmers Bank's Sba Defined Contribution Plan for Citizens and Farmers Bank reported $54M in total assets and 357 participants in its 2023 DOL Form 5500 filing, ranking in the 86th 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.

  • #6,992 in Finance & Insurance (8,869 peers)

Coverage in Virginia

Sba Defined Contribution Plan for Citizens and Farmers Bank covers 357 participants in Virginia, about 46% of the average Virginia filer (state average ~782 per filing). Assets: $54M.

#6,992
in Finance & Insurance (8,869 peers)
+31.2%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Sba Defined Contribution Plan for Citizens and Farmers Bank's outsized position by total assets

Sba Defined Contribution Plan for Citizens and Farmers Bank vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$53,658,971 Top 14% higher than 86% of 127,068 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 2023

Sba Defined Contribution Plan for Citizens and Farmers Bank among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sba Defined Contribution Plan for Citizens and Farmers Bank sits mid-pack in the medium band (357 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sba Defined Contribution Plan for Citizens and Farmers Bank reported net income rose from -$8M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Sba Defined Contribution Plan for Citizens and Farmers Bank end-of-year assets rose from $41M in the plan year 2022 filing to $54M in the plan year 2023 filing.
  • Sba Defined Contribution Plan for Citizens and Farmers Bank reported participants rose from 347 in the plan year 2022 filing to 357 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 540169510 · Citizens and Farmers Bank PY 2023 · 401(k)

Sba Defined Contribution Plan for Citizens and Farmers Bank · $54M · 357 · 86th

  • PHOTO $54M
  • IND 357
  • EOY 86th
  • 5500 401(k)
  • ASSETS near Automation Anywhere, Inc. 401(k) Plan
  • PCT ind #6992

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 Defined Contribution Plan for Citizens and Farmers Bank in the asset neighbourhood

Sba Defined Contribution Plan for Citizens and Farmers BankSba Defined Contribution Pla…$54MAutomation Anywhere, Inc. 401(k) PlanAutomation Anywhere, Inc. 40…$54MSouthwestern Michigan Emergency Services, P.C. Profit Sharing Retirement PlanSouthwestern Michigan Emerge…$54MJust Born, Inc. Savings and Investment Plan (Salaried)Just Born, Inc. Savings and …$54MTruenorth Companies, L.C. 401(k) Profit Sharing PlanTruenorth Companies, L.C. 40…$54M
End-of-year total assets ($M) among Sba Defined Contribution Plan for Citizens and Farmers Bank and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$54M
Net Income$5M
Employer EIN540169510
Plan Effective Date1984-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Citizens and Farmers Bank)

Sponsor-wide plan assets over time

All Citizens and 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 401(k) Plans in Virginia

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

Sba Defined Contribution Plan for Citizens and Farmers Bank vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Sba Defined Contribution Plan for Citizens and Farmers Bank, Total assets ($B): 0.053658971 · Participants: 357Sba Defined Contribution Plan for Citizens and Farmers BankNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Sba Defined Contribution Plan for Citizens and Farmers Bank vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Sba Defined Contribution Plan for Citizens and Farmers Bank side-by-side with 3 peers →

Sba Defined Contribution Plan for Citizens and Farmers Bank's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Automation Anywhere, Inc. 401(k) Plan in CA ($54M); by covered participants it is Nexius Solutions, Inc. 401(k) Plan in DE (357 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (357 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sba Defined Contribution Plan for Citizens and Farmers Bank assets move in 2023? ▼
Sba Defined Contribution Plan for Citizens and Farmers Bank surged - up 31.2% during 2023, from $41M to $54M. Reported net income was $5M.
How have Citizens and Farmers Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Citizens and Farmers Bank's sponsor-wide assets grew 37.8%, from $59M to $82M.
Where does Sba Defined Contribution Plan for Citizens and Farmers Bank rank by assets among Form 5500 filers? ▼
Sba Defined Contribution Plan for Citizens and Farmers Bank ranks in the 86th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Sba Defined Contribution Plan for Citizens and Farmers Bank? ▼
Among 401(k) plans in other states, the closest by assets is Automation Anywhere, Inc. 401(k) Plan in CA ($54M, 630 participants).
Which 401(k) plans cover a similar participant headcount to Sba Defined Contribution Plan for Citizens and Farmers Bank? ▼
Among 401(k) plans in other states, the closest by covered participants is Nexius Solutions, Inc. 401(k) Plan in DE (357 participants, $9M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.