401(k) · DOL Form 5500 · 2022

The PNC Financial Services Group, Inc. 401(k) Plan

Data updated 2026-08-25

$8.1B
Total assets Very large vs avg
59,451
Participants Very large workforce
100th
Percentile by assets National rank
$136,535
Avg per participant Near avg balance/head
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Official DOL plan name: The PNC Financial Services Group, Inc. Incentive Savings Plan · Sponsored by The PNC Financial Services Group, Inc. · Pennsylvania · Finance & Insurance

$8.1B in assets, 59,451 participants

The PNC Financial Services Group, Inc.'s The PNC Financial Services Group, Inc. Incentive Savings Plan reported $8.1B in total assets and 59,451 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.

  • #9,241 in Finance & Insurance (9,261 peers)

Coverage in Pennsylvania

The PNC Financial Services Group, Inc. Incentive Savings Plan covers 59,451 participants in Pennsylvania, 72x the typical Pennsylvania plan (state average ~822 per filing). Assets: $8.1B.

#9,241
in Finance & Insurance (9,261 peers)
-18.2%
assets change YoY
81×
vs typical plan assets (national mean)

The plan reported a net loss of $1.8B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

The PNC Financial Services Group, Inc. Incentive Savings Plan's outsized position by total assets

The PNC Financial Services Group, Inc. Incentive Savings Plan vs every filed plan by assets

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

$8,117,130,000 Highest reported value at or above every one 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

The PNC Financial Services Group, Inc. Incentive 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. The PNC Financial Services Group, Inc. Incentive Savings Plan is a mega filing (59,451 participants), the rightmost band on the breakdown.

DOL schedule card

Filing strip 251435979 · The PNC Financial Services Group, Inc. PY 2022 · 401(k)

The PNC Financial Services Group, Inc. Incentive Savings Plan · $8.1B · 59,451 · 100th

  • BOOK $8.1B
  • VS-ST 59,451
  • BOY 100th
  • SCH 401(k)
  • EBSA near Nokia Savings/401(k) Plan
  • PART ind #9241

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 Pennsylvania →

The PNC Financial Services Group, Inc. Incentive Savings Plan in the asset neighbourhood

Bae Systems Employees' Savings and Investment PlanBae Systems Employees' Savin…$8.2BNokia Savings/401(k) Plan$8.2BThe PNC Financial Services Group, Inc. Incentive Savings PlanThe PNC Financial Services G…$8.1BThe Travelers 401(k) Savings PlanThe Travelers 401(k) Savings…$8.0BMcKinsey & Company, Inc. (Psrp) Profit Sharing Retirement PlanMcKinsey & Company, Inc. (Ps…$8.0B
End-of-year total assets ($B) among The PNC Financial Services Group, Inc. Incentive Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$9.9B
Net Assets (End of Year)$8.1B
Net Income-$1.8B
Employer EIN251435979
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The PNC Financial Services Group, Inc.)

Sponsor-wide plan assets over time

All The PNC Financial Services Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15.7B 16.26505244329938% vs 2022
2024 filing year
$13B$14B$15B$16B 202220232024 $13.5B $15.7B ▲ +16.3%
Year Plans Participants Total Assets
2022 2 123,182 $13.5B
2023 2 125,377 $15.0B
2024 2 113,383 $15.7B

Nearby 401(k) Plans in Pennsylvania

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The PNC Financial Services Group, Inc. Incentive Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000120000 6810121416 Total assets ($B) Participants The PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 8.11713 · Participants: 59451The PNC Financial Services Group, Inc. Incentive Savings PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 14.751564896 · Participants: 97769Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 11.46087279 · Participants: 66147Cigna 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 8.097254785 · Participants: 17073The Vanguard Retirement and Savings PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 7.823164827 · Participants: 25071The Bank of New York Mellon Corporation 401(k) Savings PlanGsk 401(k) Plan, Total assets ($B): 6.963710013 · Participants: 14527Gsk 401(k) Plan
The PNC Financial Services Group, Inc. Incentive Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare The PNC Financial Services Group, Inc. Incentive Savings Plan side-by-side with 3 peers →

Scale composition for The PNC Financial Services Group, Inc. Incentive Savings Plan

The PNC Financial Services Group, Inc. Incentive Savings Plan reports $8.1B in end-of-year assets across 59,451 participants (0.066% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.063% of 93,925,755 covered participants) - about $136,535 per participant (99% of the national average assets-per-participant) . Net income for plan year 2022 was -$1.8B.

This plan identity (EIN 251435979, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $8.1B to $10.2B (+25.5%) while covered participants moved from 59,451 to 54,604 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 59,451 $8.1B This page
2023 61,697 $9.3B Open filing
2024 · index core 54,604 $10.2B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

The PNC Financial Services Group, Inc. Incentive Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Nokia Savings/401(k) Plan in NJ ($8.2B); by covered participants it is Enterprise Holdings Retirement Savings Plan in MO (59,568 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (59,451 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 The PNC Financial Services Group, Inc. Incentive Savings Plan assets move in 2022? ▼
The PNC Financial Services Group, Inc. Incentive Savings Plan declined sharply - down 18.2% during 2022, from $9.9B to $8.1B. Reported net income was -$1.8B.
How have The PNC Financial Services Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The PNC Financial Services Group, Inc.'s sponsor-wide assets grew 16.3%, from $13.5B to $15.7B.
Where does The PNC Financial Services Group, Inc. Incentive Savings Plan rank by assets among Form 5500 filers? ▼
The PNC Financial Services Group, Inc. Incentive Savings Plan ranks in the 100th 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 401(k) plans are similar in size to The PNC Financial Services Group, Inc. Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nokia Savings/401(k) Plan in NJ ($8.2B, 7,340 participants).
Which 401(k) plans cover a similar participant headcount to The PNC Financial Services Group, Inc. Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Enterprise Holdings Retirement Savings Plan in MO (59,568 participants, $4.5B 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 251435979.

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.