Defined Benefit (Pension) · DOL Form 5500 · 2022

First Citizens Bank & Trust Company Pension Plan

Data updated 2026-08-25

$316M
Total assets Above avg plan size
794
Participants Near avg headcount
97th
Percentile by assets National rank
$397,749
Avg per participant High balance/head
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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.

  • #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.

#8,755
in Finance & Insurance (9,261 peers)
-18.6%
assets change YoY
3.2×
vs typical plan assets (national mean)

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's outsized position by total assets

Cit Group, Inc. Retirement Plan vs every filed plan by assets

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

$315,812,942 Top 3% higher than 97% 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

Cit Group, Inc. Retirement 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. Cit Group, Inc. Retirement Plan sits mid-pack in the medium band (794 participants).

Form 5500 schedule snapshot

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

Cit Group, Inc. Retirement Plan · $316M · 794 · 97th

  • EIN $316M
  • RANK 794
  • PHOTO 97th
  • IND Defined Benefit (Pension)
  • EOY near Kemper Corporation Pension Plan
  • 5500 ind #8755

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 →

Cit Group, Inc. Retirement Plan in the asset neighbourhood

Jones Day Pension Plan$317MKirby Pension Plan$316MCit Group, Inc. Retirement PlanCit Group, Inc. Retirement P…$316MKemper Corporation Pension PlanKemper Corporation Pension P…$316MOtter Tail Corporation Pension PlanOtter Tail Corporation Pensi…$315M
End-of-year total assets ($M) among Cit Group, Inc. Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$388M
Net Assets (End of Year)$316M
Net Income-$72M
Employer EIN560223230
Plan Effective Date1990-01-01
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.

Cit Group, Inc. Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -505101520 Total assets ($B) Participants Cit Group, Inc. Retirement Plan, Total assets ($B): 0.315812942 · Participants: 794Cit Group, Inc. Retirement 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
Cit Group, Inc. Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Cit Group, Inc. Retirement Plan side-by-side with 3 peers →

Cit Group, Inc. Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Kemper Corporation Pension Plan in IL ($316M); by covered participants it is Stanford University Staff Retirement Annuity Plan in CA (794 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($316M here).

Similar participant headcount

Nearest other-state filings by covered participants (794 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 Cit Group, Inc. Retirement Plan assets move in 2022? ▼
Cit Group, Inc. Retirement Plan declined sharply - down 18.6% during 2022, from $388M to $316M. Reported net income was -$72M.
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 Cit Group, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Cit Group, Inc. Retirement Plan ranks in the 97th 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 Cit Group, Inc. Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Kemper Corporation Pension Plan in IL ($316M, 839 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Cit Group, Inc. Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Stanford University Staff Retirement Annuity Plan in CA (794 participants, $203M 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.