401(k) · DOL Form 5500 · 2023

Citizens Bank Minnesota 401(k) Plan

Data updated 2026-08-25

$18M
Total assets Small plan by assets
115
Participants Small participant base
71st
Percentile by assets National rank
$157,118
Avg per participant Above avg balance/head
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Official DOL plan name: Citizens Bank Minnesota 401(k) Retirement Plan · Sponsored by Citizens Bank Minnesota · Minnesota · Finance & Insurance

$18M in assets, 115 participants

Citizens Bank Minnesota's Citizens Bank Minnesota 401(k) Retirement Plan reported $18M in total assets and 115 participants in its 2023 DOL Form 5500 filing, ranking in the 71st 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.

  • #5,041 in Finance & Insurance (8,869 peers)

Coverage in Minnesota

Citizens Bank Minnesota 401(k) Retirement Plan covers 115 participants in Minnesota, about 10% of the average Minnesota filer (state average ~1,126 per filing). Assets: $18M.

#5,041
in Finance & Insurance (8,869 peers)
+10.3%
assets growth YoY

Citizens Bank Minnesota 401(k) Retirement Plan's outsized position by total assets

Citizens Bank Minnesota 401(k) Retirement Plan vs every filed plan by assets

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

$18,068,551 Top 29% higher than 71% 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

Citizens Bank Minnesota 401(k) Retirement Plan 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. Citizens Bank Minnesota 401(k) Retirement Plan sits mid-pack in the medium band (115 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Citizens Bank Minnesota 401(k) Retirement Plan reported net income rose from -$2M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Citizens Bank Minnesota 401(k) Retirement Plan end-of-year assets rose from $16M in the plan year 2022 filing to $18M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410190880 · Citizens Bank Minnesota PY 2023 · 401(k)

Citizens Bank Minnesota 401(k) Retirement Plan · $18M · 115 · 71st

  • SCH $18M
  • EBSA 115
  • PART 71st
  • TYPE 401(k)
  • NET near Sun Pacific 401(k) Retirement Savings Plan
  • BOOK ind #5041

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 Minnesota →

Citizens Bank Minnesota 401(k) Retirement Plan in the asset neighbourhood

Citizens Bank Minnesota 401(k) Retirement PlanCitizens Bank Minnesota 401(…$18MSun Pacific 401(k) Retirement Savings PlanSun Pacific 401(k) Retiremen…$18MChristy Employees' Profit Sharing Plan and TrustChristy Employees' Profit Sh…$18MThe Allen Harim Group 401(k) PlanThe Allen Harim Group 401(k)…$18MThe Funk Companies 401(k) PlanThe Funk Companies 401(k) Pl…$18M
End-of-year total assets ($M) among Citizens Bank Minnesota 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Minnesota filing particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$18M
Net Income$2M
Employer EIN410190880
Plan Effective Date1968-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Citizens Bank Minnesota)

Sponsor-wide plan assets over time

All Citizens Bank Minnesota plans reported in each filing year

Latest sponsor-wide plan assets
$19M 13.99863791828389% vs 2022
2024 filing year
$16M$17M$18M$19M 202220232024 $16.4M $18.7M ▲ +14.0%
Year Plans Participants Total Assets
2022 1 114 $16M
2023 1 115 $18M
2024 1 106 $19M

Nearby 401(k) Plans in Minnesota

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

Citizens Bank Minnesota 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants Citizens Bank Minnesota 401(k) Retirement Plan, Total assets ($B): 0.018068551 · Participants: 115Citizens Bank Minnesota 401(k) Retirement PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
Citizens Bank Minnesota 401(k) Retirement Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Citizens Bank Minnesota 401(k) Retirement Plan side-by-side with 3 peers →

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

Outside Minnesota, the nearest 401(k) by assets is Sun Pacific 401(k) Retirement Savings Plan in CA ($18M); by covered participants it is St. Marys Foundry, Inc. 401(k) Savings Plan in OH (115 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($18M here).

Similar participant headcount

Nearest other-state filings by covered participants (115 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 Citizens Bank Minnesota 401(k) Retirement Plan assets move in 2023? ▼
Citizens Bank Minnesota 401(k) Retirement Plan grew at a solid clip - up 10.3% during 2023, from $16M to $18M. Reported net income was $2M.
How have Citizens Bank Minnesota plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Citizens Bank Minnesota's sponsor-wide assets grew 14.0%, from $16M to $19M.
Which 401(k) plans are similar in size to Citizens Bank Minnesota 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Sun Pacific 401(k) Retirement Savings Plan in CA ($18M, 1,593 participants).
Which 401(k) plans cover a similar participant headcount to Citizens Bank Minnesota 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is St. Marys Foundry, Inc. 401(k) Savings Plan in OH (115 participants, N/A 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 410190880.

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.