ESOP · DOL Form 5500 · 2023

First Citizens National Bank ESOP

Data updated 2026-08-11

$36M
Total assets: 285
Participants: 82nd
Percentile by assets: $125,008
Avg per participant

Official DOL plan name: First Citizens National Bank Employee Stock Ownership Plan and Trust · Sponsored by First Citizens National Bank · Tennessee · Finance & Insurance

$36M in assets, 285 participants

First Citizens National Bank's First Citizens National Bank Employee Stock Ownership Plan and Trust reported $36M in total assets and 285 participants in its 2023 DOL Form 5500 filing, ranking in the 82nd 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.

82nd percentile by assets (of 127,072 plans)
#6,373 in Finance & Insurance (8,869 peers)

Coverage in Tennessee

First Citizens National Bank Employee Stock Ownership Plan and Trust covers 285 participants in Tennessee, about 25% of the average Tennessee filer (state average ~1,126 per filing). Assets: $36M.

$36M
total plan assets (2023 EOY): 285
covered participants: 82nd
percentile by assets (of 127,072 plans): $125,008
avg assets per participant

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where First Citizens National Bank Employee Stock Ownership Plan and Trust sits by total assets

First Citizens National Bank Employee Stock Ownership Plan and Trust vs every filed plan by assets

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

$35,627,155 Top 18% higher than 82% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

First Citizens National Bank Employee Stock Ownership Plan and Trust reported net income fell from -$4M in the plan year 2022 filing to -$7M in the plan year 2023 filing.
First Citizens National Bank Employee Stock Ownership Plan and Trust end-of-year assets fell from $43M in the plan year 2022 filing to $36M in the plan year 2023 filing.
First Citizens National Bank Employee Stock Ownership Plan and Trust reported participants fell from 323 in the plan year 2022 filing to 285 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Tennessee

Industry

Finance & Insurance

Participants vs Tennessee filers

In Tennessee, the average filing covers about 1,126 participants across 2,384 plans. First Citizens National Bank Employee Stock Ownership Plan and Trust reports 285 participants - about 25% of that state average ($36M EOY assets).

Tennessee filing particulars

Total Assets (Beginning of Year)	$43M
Net Assets (End of Year)	$36M
Net Income	-$7M
Employer EIN	620201100
Plan Effective Date	1985-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (First Citizens National Bank)

Total plan assets by year, all First Citizens National Bank plans on file

Year	Plans	Participants	Total Assets
2022	2	625	$73M
2023	2	576	$68M
2024	2	565	$76M

Nearby ESOP Plans in Tennessee

Peer ESOP plans, same state, same plan type, ranked by total assets.

First Citizens National Bank Employee Stock Ownership Plan and Trust vs. nearby ESOP plans in Tennessee, assets vs. participants

Barr Brands International Amended and Restated Employee Stock Ownership Plan $427M · 401
Zander Group Holdings, Inc. Employee Stock Ownership Plan $221M · 190
National Health Corp Leveraged Employee Stock Ownership Plan $144M · 1,470
3ls, Inc. Employee Stock Ownership Plan $134M · 424
Smith Seckman Reid, Inc. Employee Stock Ownership Plan $99M · 483

Compare First Citizens National Bank Employee St… side-by-side with 3 peers →

Similar-Sized ESOP Plans Nationally

ESOP plans in other states closest to First Citizens National Bank Employee Stock Ownership Plan and Trust by total assets, not by location.

Larson Engineering, Inc. First Restated Employee Stock Ownership Plan and Trust (MN) $36M · 195
Techflow, Inc. Employee Stock Ownership Plan (CA) $36M · 258
Ci3 Employee Stock Ownership Plan (IA) $35M · 93
Aptura Employee Stock Ownership Plan (IN) $35M · 273

Frequently Asked Questions

How did First Citizens National Bank Employee Stock Ownership Plan and Trust assets move in 2023? ▼

First Citizens National Bank Employee Stock Ownership Plan and Trust declined sharply - down 16.6% during 2023, from $43M to $36M. Reported net income was -$7M.

How have First Citizens National Bank plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), First Citizens National Bank's sponsor-wide assets grew 3.7%, from $73M to $76M.

Where does First Citizens National Bank Employee Stock Ownership Plan and Trust rank by assets among Form 5500 filers? ▼

First Citizens National Bank Employee Stock Ownership Plan and Trust ranks in the 82nd 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 ESOP plans are similar in size to First Citizens National Bank Employee Stock Ownership Plan and Trust? ▼

Among ESOP plans in other states, the closest by assets is Larson Engineering, Inc. First Restated Employee Stock Ownership Plan and Trust in MN ($36M, 195 participants).

Next read for First Citizens National Bank Employee St…

Filing takeaways

Ways to act on First Citizens National Bank Employee Stock Ownership Plan and Trust's numbers.

By total assets, First Citizens National Bank Employee Stock Ownership Plan and Trust ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar ESOP plans in Tennessee. Compare plans
First Citizens National Bank's sponsor-wide assets have grown 3.7% since 2022 across 3 plan years on file. More Finance & Insurance plans

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 620201100.