401(k) · DOL Form 5500 · 2022
Citizens Financial Group, Inc. 401(k) Plan
Data updated 2026-08-25
- $2.5B
- Total assets Very large vs avg
- 17,454
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $143,488
- Avg per participant Near avg balance/head
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.
- #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.
- #9,165
- in Finance & Insurance (9,261 peers)
- -11.1%
- assets change YoY
- 25×
- vs typical plan assets (national mean)
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.
Cfg Retirement Savings Plan's outsized position by total assets
Cfg Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$2,504,448,168 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Cfg Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cfg Retirement Savings Plan is a mega filing (17,454 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 050412693 · Citizens Financial Group, Inc. PY 2022 · 401(k)
Cfg Retirement Savings Plan · $2.5B · 17,454 · 100th
- EBSA $2.5B
- EBSA 17,454
- EBSA 100th
- EBSA 401(k)
- EBSA near Ball Corporation 401(k) and Employee Stock Ownership Plan
- EBSA ind #9165
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 Rhode Island →
Cfg Retirement Savings Plan in the asset neighbourhood
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.)
Sponsor-wide plan assets over time
All Citizens Financial Group, Inc. plans reported in each filing year
- Latest sponsor-wide plan assets
- $4.6B 24.39108783593405% vs 2022
- 2024 filing year
| 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.
- 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)
Cfg Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Rhode Island, the nearest 401(k) by assets is Ball Corporation 401(k) and Employee Stock Ownership Plan in CO ($2.5B); by covered participants it is Aramark Retirement Savings Plan for Salaried Employees in PA (17,463 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($2.5B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (17,454 participants); asset peers above are excluded.
- Aramark Retirement Savings Plan for Salaried Employees (PA) 17,463 · 9 off
- Foot Locker 401(k) Plan (NY) 17,511 · 57 off
- Medline Industries, LP Retirement Plan (IL) 17,377 · 77 off
- Nextep 401(k) Retirement Savings Plan (OK) 17,366 · 88 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.