Defined Benefit (Pension) · DOL Form 5500 · 2023

Citizens Financial Group, Inc. Pension Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
3,296
Participants Above avg headcount
99th
Percentile by assets National rank
$347,220
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Cfg Pension Plan · Sponsored by Citizens Financial Group, Inc. · Rhode Island · Finance & Insurance

$1.1B in assets, 3,296 participants

Citizens Financial Group, Inc.'s Cfg Pension Plan reported $1.1B in total assets and 3,296 participants in its 2023 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.

  • #8,664 in Finance & Insurance (8,869 peers)

Coverage in Rhode Island

Cfg Pension Plan covers 3,296 participants in Rhode Island, 2.3x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $1.1B.

#8,664
in Finance & Insurance (8,869 peers)
+8.2%
assets growth YoY
11×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$1,144,438,285 Top 1% higher than 99% of 127,068 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 2023

Cfg Pension Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cfg Pension Plan lands in the large band (3,296 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Cfg Pension Plan reported net income rose from -$338M in the plan year 2022 filing to $87M in the plan year 2023 filing.
  • Cfg Pension Plan reported participants fell from 3,600 in the plan year 2022 filing to 3,296 in the plan year 2023 filing.
  • Cfg Pension Plan end-of-year assets rose from $1.1B in the plan year 2022 filing to $1.1B in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 050412693 · Citizens Financial Group, Inc. PY 2023 · Defined Benefit (Pension)

Cfg Pension Plan · $1.1B · 3,296 · 99th

  • SCH $1.1B
  • SCH 3,296
  • SCH 99th
  • SCH Defined Benefit (Pension)
  • SCH near Molson Coors Pension Plan
  • SCH ind #8664

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

Tribune Media Company Retirement PlanTribune Media Company Retire…$1.1BCfg Pension Plan$1.1BMolson Coors Pension Plan$1.1BNiagara Mohawk Pension Plan$1.1BUfcw Intl Union Pension Plan for EmployeesUfcw Intl Union Pension Plan…$1.1B
End-of-year total assets ($B) among Cfg Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Rhode Island filing particulars

Total Assets (Beginning of Year)$1.1B
Net Assets (End of Year)$1.1B
Net Income$87M
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. -200000200004000060000 0510152025 Total assets ($B) Participants Cfg Pension Plan, Total assets ($B): 1.144438285 · Participants: 3296Cfg Pension PlanThe Bank of America Pension Plan, Total assets ($B): 19.18921965 · Participants: 56519The Bank of America Pension PlanTextron Master Retirement Plan, Total assets ($B): 5.244382313 · Participants: 7320Textron Master Retirement PlanFactory Mutual Insurance Company Pension Plan, Total assets ($B): 2.905288129 · Participants: 3478Factory Mutual Insurance Company Pension PlanBell Helicopter Textron Master Retirement Plan, Total assets ($B): 2.242403648 · Participants: 2800Bell Helicopter Textron Master Retirement PlanAmica Pension Fund, Total assets ($B): 1.772694319 · Participants: 2338Amica 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 Molson Coors Pension Plan in WI ($1.1B); by covered participants it is Iron Workers' Mid-America Pension Plan in IL (3,302 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 (3,296 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Cfg Pension Plan grew at a solid clip - up 8.2% during 2023, from $1.1B to $1.1B. Reported net income was $87M.
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 127,072 plans that reported assets for plan year 2023 (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 Molson Coors Pension Plan in WI ($1.1B, 1,511 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 Iron Workers' Mid-America Pension Plan in IL (3,302 participants, $928M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.