ESOP · DOL Form 5500 · 2024
The Citizens Bank ESOP
Data updated 2026-08-11
- $24M
- Total assets
- 90
- Participants
- 74th
- Percentile by assets
- $266,250
- 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
$24M in assets, 90 participants
The Citizens Bank's Citizens Bank Employee Stock Ownership and Retirement Savings Plan reported $24M in total assets and 90 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.
- 74th percentile by assets (of 123,622 plans)
- #5,107 in Finance & Insurance (8,549 peers)
The Citizens Bank multi-year trail
The Citizens Bank's plans moved +14.5% in assets from 2022 to 2024; this filing shows Citizens Bank Employee Stock Ownership and Retirement Savings Plan at $24M / 90 participants.
- $24M
- total plan assets (2024 EOY)
- 90
- covered participants
- 74th
- percentile by assets (of 123,622 plans)
- $266,250
- avg assets per participant
Where Citizens Bank Employee Stock Ownership and Retirement Savings Plan sits by total assets
Citizens Bank Employee Stock Ownership and Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$23,962,536 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
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Citizens Bank Employee Stock Ownership and Retirement Savings Plan reported net income rose from -$1M in the plan year 2023 filing to $3M in the plan year 2024 filing.
- Citizens Bank Employee Stock Ownership and Retirement 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 Employee Stock Ownership and Retirement Savings Plan reported participants fell from 101 in the plan year 2023 filing to 90 in the plan year 2024 filing.
The Citizens Bank across 3 plan years on file
Across the 3 plan years The Citizens Bank has on file (2022-2024), sponsor-wide plan assets have moved from $35M to $40M, a gain of 14.5%, while reported participants moved from 196 to 174 (-11.2%). Peak year by sponsor assets: 2024 ($40M); trough: 2022 ($35M).
The Citizens Bank multi-year asset trail
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 196 | $35M |
| 2023 | 2 | 190 | $36M |
| 2024 | 2 | 174 | $40M |
The Citizens Bank filing trail (2024)
| Total Assets (Beginning of Year) | $21M |
|---|---|
| Net Assets (End of Year) | $16M |
| Net Income | $3M |
| Employer EIN | 850021005 |
| Plan Effective Date | 1972-01-01 |
| Filing Status | FILING RECEIVED |
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. $611M · 2,198
- Ppic Employee Stock Ownership Plan $49M · 111
- Commerce Bancshares of Roswell, Inc. Employee Stock Ownership Plan $28M · 18
- Jack B. Henderson Construction Company, Inc. Employee Stock Ownership Plan $22M · 118
- Mesa Verde Enterprises Holdings, Inc. ESOP $12M · 151
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 2024? ▼
How have The Citizens Bank plan assets changed over time? ▼
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Multi-year trail
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