Defined Benefit (Pension) · DOL Form 5500 · 2022
Citizens Financial Group, Inc. Pension Plan
Data updated 2026-08-11
- $1.1B
- Total assets
- 3,600
- Participants
- 99th
- Percentile by assets
- $293,704
- Avg per participant
Official DOL plan name: Cfg Pension Plan · Sponsored by Citizens Financial Group, Inc. · Rhode Island · Finance & Insurance
$1.1B in assets, 3,600 participants
Citizens Financial Group, Inc.'s Cfg Pension Plan reported $1.1B in total assets and 3,600 participants in its 2022 DOL Form 5500 filing, ranking in the 99th 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.
- 99th percentile by assets (of 139,126 plans)
- #9,067 in Finance & Insurance (9,261 peers)
Coverage in Rhode Island
Cfg Pension Plan covers 3,600 participants in Rhode Island, 2.5x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $1.1B.
- $1.1B
- total plan assets (2022 EOY)
- 3,600
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $293,704
- avg assets per participant
The plan reported a net loss of $338M 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 Pension Plan reports 3,600 participants - 2.5x that state average ($1.1B EOY assets).
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | -$338M |
| Employer EIN | 050412693 |
| Plan Effective Date | 1961-03-23 |
| 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 Defined Benefit (Pension) Plans in Rhode Island
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Cfg Pension Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants
- The Bank of America Pension Plan $18.8B · 59,906
- Textron Master Retirement Plan $5.0B · 7,702
- Factory Mutual Insurance Company Pension Plan $2.7B · 3,598
- Bell Helicopter Textron Master Retirement Plan $2.1B · 2,995
- Amica Pension Fund $1.7B · 2,750
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Cfg Pension Plan by total assets, not by location.
- Cytec Retirement Plan (NJ) $1.1B · 989
- Wa State Plumbing and Pipefitting Industry Pension Plan (WA) $1.1B · 4,860
- Nisource Pension Plan (IN) $1.1B · 2,283
- International Union of Operating Engineers Local 4 Pension Fund (MA) $1.0B · 3,379
Frequently Asked Questions
How did Cfg Pension Plan assets move in 2022? ▼
How have Citizens Financial Group, Inc. plan assets changed over time? ▼
Where does Cfg Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Cfg Pension Plan? ▼
Next read for Cfg Pension Plan
Filing takeaways
Ways to act on Cfg Pension Plan's numbers.
- By total assets, Cfg Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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