ESOP · DOL Form 5500 · 2023

The Citizens Bank ESOP

Data updated 2026-08-25

$21M
Total assets Small plan by assets
101
Participants Small participant base
74th
Percentile by assets National rank
$211,098
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

$21M in assets, 101 participants

The Citizens Bank's Citizens Bank Employee Stock Ownership and Retirement Savings Plan reported $21M in total assets and 101 participants in its 2023 DOL Form 5500 filing, ranking in the 74th 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.

  • #5,386 in Finance & Insurance (8,869 peers)

Coverage in New Mexico

Citizens Bank Employee Stock Ownership and Retirement Savings Plan covers 101 participants in New Mexico, about 28% of the average New Mexico filer (state average ~365 per filing). Assets: $21M.

#5,386
in Finance & Insurance (8,869 peers)
-5.7%
assets change YoY

The plan reported a net loss of $1M 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 2023 · DOL Form 5500

$21,320,873 Top 26% higher than 74% 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 Employee Stock Ownership and Retirement Savings 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 Employee Stock Ownership and Retirement Savings Plan sits mid-pack in the medium band (101 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Citizens Bank Employee Stock Ownership and Retirement Savings Plan reported net income rose from -$4M in the plan year 2022 filing to -$1M in the plan year 2023 filing.
  • Citizens Bank Employee Stock Ownership and Retirement Savings Plan end-of-year assets fell from $23M in the plan year 2022 filing to $21M in the plan year 2023 filing.
  • Citizens Bank Employee Stock Ownership and Retirement Savings Plan reported participants rose from 96 in the plan year 2022 filing to 101 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 850021005 · The Citizens Bank PY 2023 · ESOP

Citizens Bank Employee Stock Ownership and Retirement Savings Plan · $21M · 101 · 74th

  • RANK $21M
  • RANK 101
  • RANK 74th
  • RANK ESOP
  • RANK near Pta Corporation Employee Stock Ownership Plan
  • RANK ind #5386

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

Citizens Bank Employee Stock Ownership and Retirement Savings PlanCitizens Bank Employee Stock…$21MPta Corporation Employee Stock Ownership PlanPta Corporation Employee Sto…$21MApt Employee Stock Ownership PlanApt Employee Stock Ownership…$21MPaschal Associates Employee Stock Ownership PlanPaschal Associates Employee …$21MKerotest Industries, Inc. Employee Stock Ownership PlanKerotest Industries, Inc. Em…$21M
End-of-year total assets ($M) among Citizens Bank Employee Stock Ownership and Retirement Savings Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

New Mexico filing particulars

Total Assets (Beginning of Year)$23M
Net Assets (End of Year)$13M
Net Income-$1M
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. -50005001000150020002500 -2000200400600800 Total assets ($M) Participants Citizens Bank Employee Stock Ownership and Retirement Savings Plan, Total assets ($M): 21.320873 · Participants: 101Citizens Bank Employee Stock Ownership and Retirement Savings PlanEmployee Stock Ownership Plan of Applied Research Associates, Inc., Total assets ($M): 605.825813 · Participants: 1981Employee Stock Ownership Plan of Applied Research Associates, Inc.Ppic Employee Stock Ownership Plan, Total assets ($M): 58.69174 · Participants: 107Ppic Employee Stock Ownership PlanAzurite Professional Community Employee Stock Ownership Plan, Total assets ($M): 23.538133 · Participants: 259Azurite Professional Community Employee Stock Ownership PlanCommerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan, Total assets ($M): 18.971857 · Participants: 14Commerce Bancshares of Roswell, Inc. Employee Stock Ownership PlanJack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 16.98282 · Participants: 91Jack 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 Pta Corporation Employee Stock Ownership Plan in CT ($21M); by covered participants it is United Bancorp, Inc. of Martins Ferry, Ohio Employee Stock Ownership Plan in OH (101 participants). Same-state nearby plans are listed separately above.

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 Employee Stock Ownership and Retirement Savings Plan assets move in 2023? ▼
Citizens Bank Employee Stock Ownership and Retirement Savings Plan pulled back noticeably - down 5.7% during 2023, from $23M to $21M. Reported net income was -$1M.
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.
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 Pta Corporation Employee Stock Ownership Plan in CT ($21M, 183 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 United Bancorp, Inc. of Martins Ferry, Ohio Employee Stock Ownership Plan in OH (101 participants, $5M 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 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.