Defined Benefit (Pension) · DOL Form 5500 · 2023

First-Citizens Bank & Trust Company Pension Plan

Data updated 2026-08-25

$1.0B
Total assets Very large vs avg: 1,030
Participants Near avg headcount: 99th
Percentile by assets National rank: $1.0M
Avg per participant High balance/head

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Official DOL plan name: First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance

$1.0B in assets, 1,030 participants

First-Citizens Bank & Trust Company's First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan reported $1.0B in total assets and 1,030 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.

#8,648 in Finance & Insurance (8,869 peers)

Where First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan sits by assets

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan sits among the largest 1% of all filed plans, $1.0B for 1,030 participants (~$1.0M/participant), up 15.5% in 2023.

#8,648
in Finance & Insurance (8,869 peers): +15.5%
assets growth YoY: 10×
vs typical plan assets (national mean)

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan's outsized position by total assets

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,036,698,685 Top 1% higher than 99% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

First-Citizens Bank & Trust Company and Adopting Related Employers 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. First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan lands in the large band (1,030 participants).

Micro (1-10) 35,718 filings (27%) Small (11-100) 27,089 filings (21%) Medium (101-1,000) 55,445 filings (43%) Large (1,001-10,000) 10,273 filings (8%) Mega (10,000+) 1,374 filings (1%)

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan reported net income rose from -$201M in the plan year 2022 filing to $139M in the plan year 2023 filing.
First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan end-of-year assets rose from $897M in the plan year 2022 filing to $1.0B in the plan year 2023 filing.
First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan reported participants fell from 1,125 in the plan year 2022 filing to 1,030 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 560223230 · First-Citizens Bank & Trust Company PY 2023 · Defined Benefit (Pension)

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan · $1.0B · 1,030 · 99th

PCT $1.0B
PCT 1,030
PCT 99th
PCT Defined Benefit (Pension)
PCT near Exelon Pension Plan
PCT ind #8648

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 →

End-of-year total assets ($B) among First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$897M
Net Assets (End of Year)	$1.0B
Net Income	$139M
Employer EIN	560223230
Plan Effective Date	1951-01-01
Filing Status	FILING RECEIVED

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

Latest sponsor-wide plan assets: $4.7B 42.94084502286285% vs 2022; 2024 filing year

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 and Adopting Related Employers Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants

Honeywell Retirement Earnings Plan $16.6B · 11,145
Truist Financial Corporation Pension Plan $14.6B · 45,818
Duke Energy Retirement Cash Balance Plan $4.0B · 14,485
Duke Energy Legacy Pension Plan $3.4B · 371
Employees' Retirement Plan of Duke University $2.6B · 21,020

Compare First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan side-by-side with 3 peers →

First-Citizens Bank & Trust Company and Adopting Related Employers 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 Exelon Pension Plan in IL ($1.0B); by covered participants it is Sundstrand De Puerto Rico Pension Plan in CT (1,030 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.0B here).

Exelon Pension Plan (IL) $1.0B · 2,228
Erie Insurance Group Retirement Plan for Employees (PA) $1.0B · 6,507
National Fuel Gas Company Retirement Plan (NY) $1.0B · 548
Novo Nordisk Inc. Money Purchase Plan (NJ) $1.0B · 5,135

Similar participant headcount

Nearest other-state filings by covered participants (1,030 participants); asset peers above are excluded.

Sundstrand De Puerto Rico Pension Plan (CT) 1,030 · 0 off
National Fuel Gas Company Retirement Plan (NY) 1,029 · 1 off
Pension Plan for Bargaining Employees of Evraz Rocky Mountain Steel (IL) 1,029 · 1 off
Local Union 786 Building Material Pension Fund (IL) 1,031 · 1 off

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 First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan assets move in 2023? ▼

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan grew sharply - up 15.5% during 2023, from $897M to $1.0B. Reported net income was $139M.

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 and Adopting Related Employers Pension Plan rank by assets among Form 5500 filers? ▼

First-Citizens Bank & Trust Company and Adopting Related Employers 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 First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Exelon Pension Plan in IL ($1.0B, 2,228 participants).

Which Defined Benefit (Pension) plans cover a similar participant headcount to First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Sundstrand De Puerto Rico Pension Plan in CT (1,030 participants, $48M 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 560223230.