401(k) · DOL Form 5500 · 2022
Citizens Financial Group, Inc. 401(k) Plan
Data updated 2026-08-11
- $2.5B
- Total assets
- 17,454
- Participants
- 100th
- Percentile by assets
- $143,488
- Avg per participant
Official DOL plan name: Cfg Retirement Savings Plan · Sponsored by Citizens Financial Group, Inc. · Rhode Island · Finance & Insurance
$2.5B in assets, 17,454 participants
Citizens Financial Group, Inc.'s Cfg Retirement Savings Plan reported $2.5B in total assets and 17,454 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- 100th percentile by assets (of 139,126 plans)
- #9,165 in Finance & Insurance (9,261 peers)
Coverage in Rhode Island
Cfg Retirement Savings Plan covers 17,454 participants in Rhode Island, 12x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $2.5B.
- $2.5B
- total plan assets (2022 EOY)
- 17,454
- covered participants
- 100th
- percentile by assets (of 139,126 plans)
- $143,488
- avg assets per participant
The plan reported a net loss of $480M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Rhode Island filers
In Rhode Island, the average filing covers about 1,449 participants across 434 plans. Cfg Retirement Savings Plan reports 17,454 participants - 12x that state average ($2.5B EOY assets).
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $2.8B |
|---|---|
| Net Assets (End of Year) | $2.5B |
| Net Income | -$480M |
| Employer EIN | 050412693 |
| Plan Effective Date | 1978-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Citizens Financial Group, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 21,615 | $3.7B |
| 2023 | 3 | 22,715 | $4.2B |
| 2024 | 3 | 21,136 | $4.6B |
Nearby 401(k) Plans in Rhode Island
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Cfg Retirement Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants
- CVS Health Future Fund 401(k) Plan $24.2B · 273,274
- Textron Savings Plan $5.0B · 25,353
- Unfi 401(k) Plan $2.5B · 24,670
- Fm Global 401(k) Savings Plan $1.4B · 3,865
- Igt 401(k) Retirement Savings Plan $1.0B · 5,633
Scale composition for Cfg Retirement Savings Plan
Cfg Retirement Savings Plan reports $2.5B in end-of-year assets across 17,454 participants (0.020% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.019% of 93,925,755 covered participants) - about $143,488 per participant (1.0x the national average assets-per-participant) . Net income for plan year 2022 was -$480M.
This plan identity (EIN 050412693, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.5B to $3.2B (+29.8%) while covered participants moved from 17,454 to 17,893 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 17,454 | $2.5B | This page |
| 2023 | 19,047 | $2.9B | Open filing |
| 2024 · index core | 17,893 | $3.2B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- Cfg Retirement Savings Plan (401(k), $3.2B, 17,893 participants)
- Cfg Pension Plan (Defined Benefit (Pension), $1.2B, 2,962 participants)
- Investors Bank Pension Plan (Defined Benefit (Pension), $146M, 281 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Cfg Retirement Savings Plan by total assets, not by location.
- Ball Corporation 401(k) and Employee Stock Ownership Plan (CO) $2.5B · 10,671
- The Northern Trust Company Thrift-Incentive Plan (IL) $2.5B · 9,107
- Barclays 401(k) Plan (NY) $2.5B · 10,071
- Intuit Inc. 401(k) Plan (CA) $2.5B · 18,288
Frequently Asked Questions
How did Cfg Retirement Savings Plan assets move in 2022? ▼
How have Citizens Financial Group, Inc. plan assets changed over time? ▼
Where does Cfg Retirement Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Cfg Retirement Savings Plan? ▼
Next read for Cfg Retirement Savings Plan
Filing takeaways
Ways to act on Cfg Retirement Savings Plan's numbers.
- By total assets, Cfg Retirement Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Rhode Island. Compare plans
- Citizens Financial Group, Inc.'s sponsor-wide assets have grown 24.4% since 2022 across 3 plan years on file. More Finance & Insurance plans