Defined Benefit (Pension) · DOL Form 5500 · 2024

Citizens & Farmers Bank Pension Plan

Data updated 2026-08-25

$21M
Total assets Small plan by assets
265
Participants Below avg headcount
71st
Percentile by assets National rank
$79,841
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

$21M in assets, 265 participants

Citizens & Farmers Bank's Sba Cash Balance Pension Plan for Citizens & Farmers Bank reported $21M in total assets and 265 participants in its 2024 DOL Form 5500 filing, ranking in the 71st 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.

  • #4,844 in Finance & Insurance (8,549 peers)

Coverage in Virginia

Sba Cash Balance Pension Plan for Citizens & Farmers Bank covers 265 participants in Virginia, about 34% of the average Virginia filer (state average ~782 per filing). Assets: $21M.

#4,844
in Finance & Insurance (8,549 peers)
+8.0%
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 2024 · DOL Form 5500

$21,157,840 Top 29% higher than 71% 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

Sba Cash Balance Pension Plan for Citizens & Farmers Bank 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. Sba Cash Balance Pension Plan for Citizens & Farmers Bank sits mid-pack in the medium band (265 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sba Cash Balance Pension Plan for Citizens & Farmers Bank reported net income rose from $1M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Sba Cash Balance Pension Plan for Citizens & Farmers Bank reported participants fell from 291 in the plan year 2023 filing to 265 in the plan year 2024 filing.
  • Sba Cash Balance Pension Plan for Citizens & Farmers Bank end-of-year assets rose from $20M in the plan year 2023 filing to $21M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 540169510 · Citizens & Farmers Bank PY 2024 · Defined Benefit (Pension)

Sba Cash Balance Pension Plan for Citizens & Farmers Bank · $21M · 265 · 71st

  • IND $21M
  • IND 265
  • IND 71st
  • IND Defined Benefit (Pension)
  • IND near Mutual of Enumclaw Insurance Company Retirement Plan
  • IND ind #4844

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

Banco De La Nacion Argentina Retirement PlanBanco De La Nacion Argentina…$21MSba Cash Balance Pension Plan for Citizens & Farmers BankSba Cash Balance Pension Pla…$21MMutual of Enumclaw Insurance Company Retirement PlanMutual of Enumclaw Insurance…$21MThe National Board of Boiler and Pressure Vessel Inspectors Pension PlanThe National Board of Boiler…$21MR. G. Barry Corporation Associates' Retirement PlanR. G. Barry Corporation Asso…$21M
End-of-year total assets ($M) among Sba Cash Balance Pension Plan for Citizens & Farmers Bank and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Virginia filing particulars

Total Assets (Beginning of Year)$20M
Net Assets (End of Year)$21M
Net Income$2M
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 -505101520 Total assets ($B) Participants Sba Cash Balance Pension Plan for Citizens & Farmers Bank, Total assets ($B): 0.02115784 · Participants: 265Sba Cash Balance Pension Plan for Citizens & Farmers BankNorthrop Grumman Pension Plan, Total assets ($B): 18.781759216 · Participants: 12678Northrop Grumman Pension PlanRetirement Security Plan, Total assets ($B): 11.481735153 · Participants: 56633Retirement Security PlanSheet Metal Workers' National Pension Fund, Total assets ($B): 8.902237059 · Participants: 63530Sheet Metal Workers' National Pension FundNg Space&mission Systems Corp Salaried Pension Pla, Total assets ($B): 8.398702873 · Participants: 6737Ng Space&mission Systems Corp Salaried Pension PlaDominion Energy Pension Plan, Total assets ($B): 8.332769083 · Participants: 11758Dominion 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 Mutual of Enumclaw Insurance Company Retirement Plan in WA ($21M); by covered participants it is Pension Plan for Employees of North Star Mutual Insurance Company in MN (265 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (265 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 Sba Cash Balance Pension Plan for Citizens & Farmers Bank assets move in 2024? ▼
Sba Cash Balance Pension Plan for Citizens & Farmers Bank grew at a solid clip - up 8.0% during 2024, from $20M to $21M. Reported net income was $2M.
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 Mutual of Enumclaw Insurance Company Retirement Plan in WA ($21M, 341 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 Pension Plan for Employees of North Star Mutual Insurance Company in MN (265 participants, $65M 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 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.