401(k) · DOL Form 5500 · 2024

Citizens Bank Minnesota 401(k) Plan

Data updated 2026-08-25

$19M
Total assets Small plan by assets
106
Participants Small participant base
69th
Percentile by assets National rank
$176,137
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

$19M in assets, 106 participants

Citizens Bank Minnesota's Citizens Bank Minnesota 401(k) Retirement Plan reported $19M in total assets and 106 participants in its 2024 DOL Form 5500 filing, ranking in the 69th 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.

  • #4,569 in Finance & Insurance (8,549 peers)

Coverage in Minnesota

Citizens Bank Minnesota 401(k) Retirement Plan covers 106 participants in Minnesota, about 9% of the average Minnesota filer (state average ~1,126 per filing). Assets: $19M.

#4,569
in Finance & Insurance (8,549 peers)
+3.3%
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 2024 · DOL Form 5500

$18,670,551 Top 31% higher than 69% of 123,620 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 2024

Citizens Bank Minnesota 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 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 (106 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Citizens Bank Minnesota 401(k) Retirement Plan reported net income fell from $2M in the plan year 2023 filing to $602K in the plan year 2024 filing.
  • Citizens Bank Minnesota 401(k) Retirement Plan reported participants fell from 115 in the plan year 2023 filing to 106 in the plan year 2024 filing.
  • Citizens Bank Minnesota 401(k) Retirement Plan end-of-year assets rose from $18M in the plan year 2023 filing to $19M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 410190880 · Citizens Bank Minnesota PY 2024 · 401(k)

Citizens Bank Minnesota 401(k) Retirement Plan · $19M · 106 · 69th

  • EOY $19M
  • EOY 106
  • EOY 69th
  • EOY 401(k)
  • EOY near Verity Credit Union 401(k) Plan
  • EOY ind #4569

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(…$19MVerity Credit Union 401(k) PlanVerity Credit Union 401(k) P…$19MOjai Valley Inn 401(k) Savings PlanOjai Valley Inn 401(k) Savin…$19MButtonwillow Warehouse Company, Inc. 401(k) Profit Sharing PlanButtonwillow Warehouse Compa…$19MSilver Pine Medical Group Retirement PlanSilver Pine Medical Group Re…$19M
End-of-year total assets ($M) among Citizens Bank Minnesota 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$19M
Net Income$602K
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 -20020406080 Total assets ($B) Participants Citizens Bank Minnesota 401(k) Retirement Plan, Total assets ($B): 0.018670551 · Participants: 106Citizens Bank Minnesota 401(k) Retirement PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.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 Verity Credit Union 401(k) Plan in WA ($19M); by covered participants it is The Architect 401(k) Plan - Radiant Complexions Dermatology Clinic, Inc. in IA (106 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (106 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Citizens Bank Minnesota 401(k) Retirement Plan edged up modestly - up 3.3% during 2024, from $18M to $19M. Reported net income was $602K.
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 Verity Credit Union 401(k) Plan in WA ($19M, 140 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 The Architect 401(k) Plan - Radiant Complexions Dermatology Clinic, Inc. in IA (106 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.