401(k) · DOL Form 5500 · 2024

Citizens Bank 401(k) Plan

Data updated 2026-08-25

$24M
Total assets Small plan by assets: 237
Participants Below avg headcount: 74th
Percentile by assets National rank: $101,884
Avg per participant Below avg balance/head

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Official DOL plan name: Citizens Bank Salary Savings Plan · Sponsored by Citizens Bank · Tennessee · Finance & Insurance

$24M in assets, 237 participants

Citizens Bank's Citizens Bank Salary Savings Plan reported $24M in total assets and 237 participants in its 2024 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.

#5,114 in Finance & Insurance (8,549 peers)

Coverage in Tennessee

Citizens Bank Salary Savings Plan covers 237 participants in Tennessee, about 21% of the average Tennessee filer (state average ~1,126 per filing). Assets: $24M.

#5,114
in Finance & Insurance (8,549 peers): +17.3%
assets growth YoY

Citizens Bank Salary Savings Plan's outsized position by total assets

Citizens Bank Salary Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$24,146,423 Top 26% higher than 74% of 123,620 filed plans

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

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Citizens Bank Salary Savings 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 Salary Savings Plan sits mid-pack in the medium band (237 participants).

Micro (1-10) 33,766 filings (27%) Small (11-100) 26,107 filings (21%) Medium (101-1,000) 54,251 filings (43%) Large (1,001-10,000) 10,349 filings (8%) Mega (10,000+) 1,399 filings (1%)

Citizens Bank Salary Savings Plan end-of-year assets rose from $21M in the plan year 2023 filing to $24M in the plan year 2024 filing.
Citizens Bank Salary Savings Plan reported net income rose from $3M in the plan year 2023 filing to $4M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 621580428 · Citizens Bank PY 2024 · 401(k)

Citizens Bank Salary Savings Plan · $24M · 237 · 74th

EBSA $24M
EBSA 237
EBSA 74th
EBSA 401(k)
EBSA near Mueller Associates, Inc. 401(k) Plan
EBSA ind #5114

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 Tennessee →

End-of-year total assets ($M) among Citizens Bank Salary Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Tennessee filing particulars

Total Assets (Beginning of Year)	$21M
Net Assets (End of Year)	$24M
Net Income	$4M
Employer EIN	621580428
Plan Effective Date	1989-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Citizens Bank)

Latest sponsor-wide plan assets: $24M 40.382368688012946% vs 2022; 2024 filing year

Year	Plans	Participants	Total Assets
2022	1	229	$17M
2023	1	237	$21M
2024	1	237	$24M

Nearby 401(k) Plans in Tennessee

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Citizens Bank Salary Savings Plan vs. nearby 401(k) plans in Tennessee, assets vs. participants

Fedex Corporation Retirement Savings Plan $25.4B · 113,079
Hca 401(k) Plan $23.8B · 307,086
Federal Express Corporation Pilots Retirement Savings Plan $5.3B · 5,830
International Paper Company Salaried Savings Plan $5.0B · 12,564
Chs/Community Health Systems, Inc. Retirement Savings Plan $4.8B · 59,441

Compare Citizens Bank Salary Savings Plan side-by-side with 3 peers →

Citizens Bank Salary Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Tennessee, the nearest 401(k) by assets is Mueller Associates, Inc. 401(k) Plan in MD ($24M); by covered participants it is Mesa Global 401(k) Retirement Plan in NC (237 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($24M here).

Mueller Associates, Inc. 401(k) Plan (MD) $24M · 44
Phillips Auctioneers, LLC 401(k) Profit Sharing Plan and Trust (NY) $24M · 240
Entertainment Technology Partners, LLC (Etp) 401(k) Plan (FL) $24M · 356
Partners in Health 401(k) Plan (MA) $24M · 345

Similar participant headcount

Nearest other-state filings by covered participants (237 participants); asset peers above are excluded.

Mesa Global 401(k) Retirement Plan (NC) 237 · 0 off
Trax 401(k) Plan (MA) 237 · 0 off
Dellbrook Construction 401(k) Retirement Plan (MA) 237 · 0 off
Tague Lumber, Inc. 401(k) Profit Sharing Plan (PA) 237 · 0 off

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 Salary Savings Plan assets move in 2024? ▼

Citizens Bank Salary Savings Plan grew sharply - up 17.3% during 2024, from $21M to $24M. Reported net income was $4M.

How have Citizens Bank plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Citizens Bank's sponsor-wide assets grew 40.4%, from $17M to $24M.

Which 401(k) plans are similar in size to Citizens Bank Salary Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Mueller Associates, Inc. 401(k) Plan in MD ($24M, 44 participants).

Which 401(k) plans cover a similar participant headcount to Citizens Bank Salary Savings Plan? ▼

Among 401(k) plans in other states, the closest by covered participants is Mesa Global 401(k) Retirement Plan in NC (237 participants, $8M 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 621580428.