CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN
Plan Contact
- Address: 7553 NW BARRY ROAD,KANSAS CITY,MO
- Contact person: DIANE GARBER
- Phone: (816) 459-4000
Plan General Information
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN Total Retirement Plan Assets
At the end of 2021, the total retirement plan assets of CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN is $38,125,312.00.This plan was established in 2022.
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN Total Number of Retirement Plan Participants
At the end of 2021, the total number of retirement plan participants in CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN is 300
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN Average Participant Retirement Account Value
In 2021, the average participant retirement account value for CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN is $127,084.00
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN Estimated Average Employee Contribution Amount
In 2021, the estimated average employee contribution amount per participant for CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN is $3,127.00.
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN Estimated Average Employer Match
In 2021, the estimated average employer match for an employee in CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN is approximately $1,440.00
Investing in this additonal $1,440.00 for 20 years would give you extra $92,161.00, assuming a 10% annual return.
Investing in this additonal $1,440.00 for 20 years would give you extra $92,161.00, assuming a 10% annual return.
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN Total Employer Contribution and Match Rate
In 2021, CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN allocates $432,008.00 to match its employees' contributions, providing an employer match rate of 46.05% of their contributions
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN Total Retirement Plan Asset Growth Rate
In 2021, the total retirement plan asset growth rate of CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN is 14.48%.
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2021, the estimated aggregate retirement account investment gain/loss for CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN is 13.96%. This measures the effectiveness of the plan participants' investments in the year.
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN Expense Ratio
In 2021, the investment and administrative expense ratio of CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN is 0.00%.
Enrollment Features
CITIZENS BANCSHARES COMPANY RETIREMENT BENEFITS PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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