ESOP · DOL Form 5500 · 2023
The Citizens Bank ESOP
Data updated 2026-08-11
- $21M
- Total assets
- 101
- Participants
- 74th
- Percentile by assets
- $211,098
- Avg per participant
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.
- 74th percentile by assets (of 127,072 plans)
- #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.
- $21M
- total plan assets (2023 EOY)
- 101
- covered participants
- 74th
- percentile by assets (of 127,072 plans)
- $211,098
- avg assets per participant
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.
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.
Participants vs New Mexico filers
In New Mexico, the average filing covers about 365 participants across 466 plans. Citizens Bank Employee Stock Ownership and Retirement Savings Plan reports 101 participants - about 28% of that state average ($21M EOY assets).
New Mexico filing particulars
| Total Assets (Beginning of Year) | $23M |
|---|---|
| Net Assets (End of Year) | $13M |
| Net Income | -$1M |
| Employer EIN | 850021005 |
| Plan Effective Date | 1972-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Citizens Bank)
| 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
- Employee Stock Ownership Plan of Applied Research Associates, Inc. $606M · 1,981
- Ppic Employee Stock Ownership Plan $59M · 107
- Azurite Professional Community Employee Stock Ownership Plan $24M · 259
- Commerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan $19M · 14
- Jack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan $17M · 91
Similar-Sized ESOP Plans Nationally
ESOP plans in other states closest to Citizens Bank Employee Stock Ownership and Retirement Savings Plan by total assets, not by location.
Frequently Asked Questions
How did Citizens Bank Employee Stock Ownership and Retirement Savings Plan assets move in 2023? ▼
How have The Citizens Bank plan assets changed over time? ▼
Which ESOP plans are similar in size to Citizens Bank Employee Stock Ownership and Retirement Savings Plan? ▼
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Filing takeaways
Ways to act on Citizens Bank Employee Stock Ownership and Retirement Savings Plan's numbers.
- By total assets, Citizens Bank Employee Stock Ownership and Retirement Savings Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar ESOP plans in New Mexico. Compare plans
- The Citizens Bank's sponsor-wide assets have grown 14.5% since 2022 across 3 plan years on file. More Finance & Insurance plans