Defined Benefit (Pension) · DOL Form 5500 · 2022

First-Citizens Bank & Trust Company Pension Plan

Data updated 2026-08-25

$201M
Total assets Near avg plan size
316
Participants Below avg headcount
96th
Percentile by assets National rank
$636,914
Avg per participant High balance/head
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Official DOL plan name: First Citizens Bank & Trust Company, Inc. Pension Plan · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance

$201M in assets, 316 participants

First-Citizens Bank & Trust Company's First Citizens Bank & Trust Company, Inc. Pension Plan reported $201M in total assets and 316 participants in its 2022 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,573 in Finance & Insurance (9,261 peers)

Coverage in North Carolina

First Citizens Bank & Trust Company, Inc. Pension Plan covers 316 participants in North Carolina, about 39% of the average North Carolina filer (state average ~819 per filing). Assets: $201M.

#8,573
in Finance & Insurance (9,261 peers)
-18.5%
assets change YoY
2.0×
vs typical plan assets (national mean)

The plan reported a net loss of $46M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

First Citizens Bank & Trust Company, Inc. Pension Plan's outsized position by total assets

First Citizens Bank & Trust Company, Inc. Pension Plan vs every filed plan by assets

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

$201,264,772 Top 4% higher than 96% 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

First Citizens Bank & Trust Company, Inc. Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Citizens Bank & Trust Company, Inc. Pension Plan sits mid-pack in the medium band (316 participants).

Plan-year Form 5500 strip

Filing strip 560223230 · First-Citizens Bank & Trust Company PY 2022 · Defined Benefit (Pension)

First Citizens Bank & Trust Company, Inc. Pension Plan · $201M · 316 · 96th

  • VS-ST $201M
  • VS-ST 316
  • VS-ST 96th
  • VS-ST Defined Benefit (Pension)
  • VS-ST near Pension Plan of Children's Hospital Medical Center of Akron
  • VS-ST ind #8573

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 North Carolina →

First Citizens Bank & Trust Company, Inc. Pension Plan in the asset neighbourhood

Webster Bank Pension Plan$201MNECA Local Union No 313 IBEW Pension PlanNECA Local Union No 313 IBEW…$201MElmhurst Memorial Hospital Retirement PlanElmhurst Memorial Hospital R…$201MFirst Citizens Bank & Trust Company, Inc. Pension PlanFirst Citizens Bank & Trust …$201MPension Plan of Children's Hospital Medical Center of AkronPension Plan of Children's H…$201M
End-of-year total assets ($M) among First Citizens Bank & Trust Company, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$247M
Net Assets (End of Year)$201M
Net Income-$46M
Employer EIN560223230
Plan Effective Date1970-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First-Citizens Bank & Trust Company)

Sponsor-wide plan assets over time

All First-Citizens Bank & Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$4.7B 42.94084502286285% vs 2022
2024 filing year
$3B$3.5B$4B$4.5B$5B 202220232024 $3.29B $4.7B ▲ +42.9%
Year Plans Participants Total Assets
2022 5 9,372 $3.3B
2023 5 8,612 $4.1B
2024 5 17,863 $4.7B

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

First Citizens Bank & Trust Company, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -505101520 Total assets ($B) Participants First Citizens Bank & Trust Company, Inc. Pension Plan, Total assets ($B): 0.201264772 · Participants: 316First Citizens Bank & Trust Company, Inc. Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 17.0193439 · Participants: 12452Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 12.462364023 · Participants: 37931Truist Financial Corporation Pension PlanDuke Energy Legacy Pension Plan, Total assets ($B): 4.0414 · Participants: 346Duke Energy Legacy Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 3.182 · Participants: 16132Duke Energy Retirement Cash Balance PlanTime Warner Cable Pension Plan, Total assets ($B): 2.583220843 · Participants: 18624Time Warner Cable Pension Plan
First Citizens Bank & Trust Company, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare First Citizens Bank & Trust Company, Inc. Pension Plan side-by-side with 3 peers →

First Citizens Bank & Trust Company, Inc. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Pension Plan of Children's Hospital Medical Center of Akron in OH ($201M); by covered participants it is Ora Orthopedics, P.C. Cash Balance Plan in IA (316 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($201M here).

Similar participant headcount

Nearest other-state filings by covered participants (316 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 First Citizens Bank & Trust Company, Inc. Pension Plan assets move in 2022? ▼
First Citizens Bank & Trust Company, Inc. Pension Plan declined sharply - down 18.5% during 2022, from $247M to $201M. Reported net income was -$46M.
How have First-Citizens Bank & Trust Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), First-Citizens Bank & Trust Company's sponsor-wide assets grew 42.9%, from $3.3B to $4.7B.
Where does First Citizens Bank & Trust Company, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
First Citizens Bank & Trust Company, Inc. Pension Plan ranks in the 96th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to First Citizens Bank & Trust Company, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan of Children's Hospital Medical Center of Akron in OH ($201M, 1,037 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to First Citizens Bank & Trust Company, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ora Orthopedics, P.C. Cash Balance Plan in IA (316 participants, $5M 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 560223230.

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.