Defined Benefit (Pension) · DOL Form 5500 · 2022

Citizens Financial Group, Inc. Pension Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
3,600
Participants Above avg headcount
99th
Percentile by assets National rank
$293,704
Avg per participant High balance/head
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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.

  • #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.

#9,067
in Finance & Insurance (9,261 peers)
-24.2%
assets change YoY
11×
vs typical plan assets (national mean)

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.

Cfg Pension Plan's outsized position by total assets

Cfg Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,057,335,024 Top 1% higher than 99% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Cfg Pension Plan's large-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 Pension Plan lands in the large band (3,600 participants).

Form 5500 schedule snapshot

Filing strip 050412693 · Citizens Financial Group, Inc. PY 2022 · Defined Benefit (Pension)

Cfg Pension Plan · $1.1B · 3,600 · 99th

  • TYPE $1.1B
  • TYPE 3,600
  • TYPE 99th
  • TYPE Defined Benefit (Pension)
  • TYPE near Cytec Retirement Plan
  • TYPE ind #9067

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 Pension Plan in the asset neighbourhood

Cfg Pension Plan$1.1BCytec Retirement Plan$1.1BWa State Plumbing and Pipefitting Industry Pension PlanWa State Plumbing and Pipefi…$1.1BNisource Pension Plan$1.1BInternational Union of Operating Engineers Local 4 Pension FundInternational Union of Opera…$1.0B
End-of-year total assets ($B) among Cfg Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Rhode Island filing particulars

Total Assets (Beginning of Year)$1.4B
Net Assets (End of Year)$1.1B
Net Income-$338M
Employer EIN050412693
Plan Effective Date1961-03-23
Filing StatusFILING 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
$3.5B$4B$4.5B$5B 202220232024 $3.7B $4.6B ▲ +24.3%
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 Scatter plot of 6 data points. -20000020000400006000080000 05101520 Total assets ($B) Participants Cfg Pension Plan, Total assets ($B): 1.057335024 · Participants: 3600Cfg Pension PlanThe Bank of America Pension Plan, Total assets ($B): 18.835300915 · Participants: 59906The Bank of America Pension PlanTextron Master Retirement Plan, Total assets ($B): 4.972448304 · Participants: 7702Textron Master Retirement PlanFactory Mutual Insurance Company Pension Plan, Total assets ($B): 2.658220492 · Participants: 3598Factory Mutual Insurance Company Pension PlanBell Helicopter Textron Master Retirement Plan, Total assets ($B): 2.134460957 · Participants: 2995Bell Helicopter Textron Master Retirement PlanAmica Pension Fund, Total assets ($B): 1.727351006 · Participants: 2750Amica Pension Fund
Cfg Pension Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants
Compare Cfg Pension Plan side-by-side with 3 peers →

Cfg Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Rhode Island, the nearest Defined Benefit (Pension) by assets is Cytec Retirement Plan in NJ ($1.1B); by covered participants it is Kellogg Company Pension Plan in MI (3,604 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (3,600 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Cfg Pension Plan assets move in 2022? ▼
Cfg Pension Plan declined sharply - down 24.2% during 2022, from $1.4B to $1.1B. Reported net income was -$338M.
How have Citizens Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Citizens Financial Group, Inc.'s sponsor-wide assets grew 24.4%, from $3.7B to $4.6B.
Where does Cfg Pension Plan rank by assets among Form 5500 filers? ▼
Cfg Pension Plan ranks in the 99th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Cfg Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Cytec Retirement Plan in NJ ($1.1B, 989 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Cfg Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Kellogg Company Pension Plan in MI (3,604 participants, $1.2B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 050412693.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.