Citizens and Farmers Bank 401(k) match, vesting and fees
What Citizens and Farmers Bank's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Voya Retirement Insurance & Annuity | 2024 Schedule C ↗ |
| Independent auditor | Yount, Hyde, Barbour, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2024 filing, the latest that names one. The other rows are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 208 defined-contribution plans in finance and insurance with 500 to 999 participants.
| Citizens and Farmers Bank: employer contribution per participant | $2,693 | |
| Peer median | $3,090 |
| Citizens and Farmers Bank: average balance | $131,969 | |
| Peer median | $119,169 |
| Citizens and Farmers Bank: admin expenses ÷ assets | 0.57% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $48.7M at the end of plan year 2021 to $68.5M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 527 | $68.5M | $1.4M | $2,693 | 0.57% | Not published | Form 5500 ↗ |
| 2024 | 517 | $60.5M | $1.4M | $2,762 | 0.59% | Not published | Form 5500 ↗ |
| 2023 | 550 | $53.7M | $1.3M | $2,370 | 0.56% | Not published | Form 5500 ↗ |
| 2022 | 467 | $40.9M | $1.1M | $2,403 | 0.55% | Not published | Form 5500 ↗ |
| 2021 | 435 | $48.7M | $1.1M | $2,481 | 0.58% | Not published | Form 5500 ↗ |
Other Citizens and Farmers Bank plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Sba Cash Balance Pension Plan for Citizens & Farmers Bank
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Yount Hyde & Barbour, PC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Citizens and Farmers Bank match 401(k) contributions?
The match terms for the Sba Defined Contribution Plan for Citizens and Farmers Bank have not been published from its filing yet. The plan year 2025 filing reports $1.4M in employer contributions, about $2,693 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Citizens and Farmers Bank 401(k) match vested?
The vesting schedule for the Sba Defined Contribution Plan for Citizens and Farmers Bank is not in the data published so far. Your Summary Plan Description states it.
Who manages the Citizens and Farmers Bank 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Voya Retirement Insurance & Annuity. The plan administrator is Citizens and Farmers Bank.
I left Citizens and Farmers Bank. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Citizens and Farmers Bank, (804) 843-2360) or the recordkeeper, Voya Retirement Insurance & Annuity. The Citizens and Farmers Bank old 401(k) page lists the contacts from every plan filing. Find an old Citizens and Farmers Bank 401(k)
Data from the public Form 5500 annual reports Citizens and Farmers Bank filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Citizens and Farmers Bank. Not financial advice. Report a correction · Methodology