Defined Benefit (Pension) · DOL Form 5500 · 2022
First Citizens Bank & Trust Company Pension Plan
Data updated 2026-08-11
- $316M
- Total assets
- 794
- Participants
- 97th
- Percentile by assets
- $397,749
- Avg per participant
Official DOL plan name: Cit Group, Inc. Retirement Plan · Sponsored by First Citizens Bank & Trust Company · North Carolina · Finance & Insurance
$316M in assets, 794 participants
First Citizens Bank & Trust Company's Cit Group, Inc. Retirement Plan reported $316M in total assets and 794 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.
- 97th percentile by assets (of 139,126 plans)
- #8,755 in Finance & Insurance (9,261 peers)
Where Cit Group, Inc. Retirement Plan sits by assets
Cit Group, Inc. Retirement Plan sits in the top 5% of all filed plans by assets, $316M for 794 participants (~$397,749/participant), down 18.6% in 2022.
- $316M
- total plan assets (2022 EOY)
- 794
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $397,749
- avg assets per participant
The plan reported a net loss of $72M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Cit Group, Inc. Retirement Plan vs the 2022 asset distribution
By assets, Cit Group, Inc. Retirement Plan outranks 97% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 3.2x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2022)
| Total Assets (Beginning of Year) | $388M |
|---|---|
| Net Assets (End of Year) | $316M |
| Net Income | -$72M |
| Employer EIN | 560223230 |
| Plan Effective Date | 1990-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (First Citizens Bank & Trust Company)
| 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.
Cit Group, Inc. Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
- Honeywell Retirement Earnings Plan $17.0B · 12,452
- Truist Financial Corporation Pension Plan $12.5B · 37,931
- Duke Energy Legacy Pension Plan $4.0B · 346
- Duke Energy Retirement Cash Balance Plan $3.2B · 16,132
- Time Warner Cable Pension Plan $2.6B · 18,624
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Cit Group, Inc. Retirement Plan by total assets, not by location.
- Kemper Corporation Pension Plan (IL) $316M · 839
- Otter Tail Corporation Pension Plan (MN) $315M · 365
- Kirby Pension Plan (TX) $316M · 1,248
- Jones Day Pension Plan (OH) $317M · 568
Frequently Asked Questions
How did Cit Group, Inc. Retirement Plan assets move in 2022? ▼
How have First Citizens Bank & Trust Company plan assets changed over time? ▼
Where does Cit Group, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Cit Group, Inc. Retirement Plan? ▼
Next read for Cit Group, Inc. Retirement Plan
Scale reading
Ways to act on Cit Group, Inc. Retirement Plan's numbers.
- By total assets, Cit Group, Inc. Retirement Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Carolina. Compare plans
- First Citizens Bank & Trust Company's sponsor-wide assets have grown 42.9% since 2022 across 3 plan years on file. More Finance & Insurance plans