Defined Benefit (Pension) · DOL Form 5500 · 2023

Citizens & Farmers Bank Pension Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
291
Participants Below avg headcount
72nd
Percentile by assets National rank
$67,316
Avg per participant Below avg balance/head
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Official DOL plan name: Sba Cash Balance Pension Plan for Citizens & Farmers Bank · Sponsored by Citizens & Farmers Bank · Virginia · Finance & Insurance

$20M in assets, 291 participants

Citizens & Farmers Bank's Sba Cash Balance Pension Plan for Citizens & Farmers Bank reported $20M in total assets and 291 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #5,203 in Finance & Insurance (8,869 peers)

Coverage in Virginia

Sba Cash Balance Pension Plan for Citizens & Farmers Bank covers 291 participants in Virginia, about 37% of the average Virginia filer (state average ~782 per filing). Assets: $20M.

#5,203
in Finance & Insurance (8,869 peers)
+6.7%
assets growth YoY

Sba Cash Balance Pension Plan for Citizens & Farmers Bank's outsized position by total assets

Sba Cash Balance Pension Plan for Citizens & Farmers Bank vs every filed plan by assets

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

$19,588,944 Top 28% higher than 72% 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 Cash Balance Pension Plan for Citizens & 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 Cash Balance Pension Plan for Citizens & Farmers Bank sits mid-pack in the medium band (291 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sba Cash Balance Pension Plan for Citizens & Farmers Bank reported net income rose from -$5M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Sba Cash Balance Pension Plan for Citizens & Farmers Bank reported participants fell from 322 in the plan year 2022 filing to 291 in the plan year 2023 filing.
  • Sba Cash Balance Pension Plan for Citizens & Farmers Bank end-of-year assets rose from $18M in the plan year 2022 filing to $20M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 540169510 · Citizens & Farmers Bank PY 2023 · Defined Benefit (Pension)

Sba Cash Balance Pension Plan for Citizens & Farmers Bank · $20M · 291 · 72nd

  • IND $20M
  • IND 291
  • IND 72nd
  • IND Defined Benefit (Pension)
  • IND near Los Angeles Tourism and Convention Board Retirement Income Plan
  • IND ind #5203

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 Cash Balance Pension Plan for Citizens & Farmers Bank in the asset neighbourhood

Sba Cash Balance Pension Plan for Citizens & Farmers BankSba Cash Balance Pension Pla…$20MLos Angeles Tourism and Convention Board Retirement Income PlanLos Angeles Tourism and Conv…$20MSnell & Wilmer L.L.P. Retirement Plan for PartnersSnell & Wilmer L.L.P. Retire…$20MThe Russell Medical Center Retirement PlanThe Russell Medical Center R…$20MMettel Vip Plan$20M
End-of-year total assets ($M) among Sba Cash Balance Pension Plan for Citizens & Farmers Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$20M
Net Income$1M
Employer EIN540169510
Plan Effective Date1967-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Citizens & Farmers Bank)

Sponsor-wide plan assets over time

All Citizens & 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 Defined Benefit (Pension) Plans in Virginia

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Sba Cash Balance Pension Plan for Citizens & Farmers Bank vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Sba Cash Balance Pension Plan for Citizens & Farmers Bank, Total assets ($B): 0.019588944 · Participants: 291Sba Cash Balance Pension Plan for Citizens & Farmers BankNorthrop Grumman Pension Plan, Total assets ($B): 19.134846358 · Participants: 13674Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 10.184642779 · Participants: 54171Retirement Security PlanNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.450021632 · Participants: 7117Ng Space&mission Systems Corp Salaried Pension PlaSheet Metal Workers' National Pension Fund, Total assets ($B): 8.306466489 · Participants: 61272Sheet Metal Workers' National Pension FundDominion Energy Pension Plan, Total assets ($B): 7.570958933 · Participants: 12263Dominion Energy Pension Plan
Sba Cash Balance Pension Plan for Citizens & Farmers Bank vs. nearby Defined Benefit (Pension) plans in Virginia, assets vs. participants
Compare Sba Cash Balance Pension Plan for Citizens & Farmers Bank side-by-side with 3 peers →

Sba Cash Balance Pension Plan for Citizens & Farmers Bank's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Virginia, the nearest Defined Benefit (Pension) by assets is Los Angeles Tourism and Convention Board Retirement Income Plan in CA ($20M); by covered participants it is Wagi Cash Balance Plan in WA (291 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (291 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 Cash Balance Pension Plan for Citizens & Farmers Bank assets move in 2023? ▼
Sba Cash Balance Pension Plan for Citizens & Farmers Bank grew at a solid clip - up 6.7% during 2023, from $18M to $20M. Reported net income was $1M.
How have Citizens & Farmers Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Citizens & Farmers Bank's sponsor-wide assets grew 37.8%, from $59M to $82M.
Which Defined Benefit (Pension) plans are similar in size to Sba Cash Balance Pension Plan for Citizens & Farmers Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Los Angeles Tourism and Convention Board Retirement Income Plan in CA ($20M, 29 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sba Cash Balance Pension Plan for Citizens & Farmers Bank? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Wagi Cash Balance Plan in WA (291 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 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.