Defined Benefit (Pension) · DOL Form 5500 · 2023

First-Citizens Bank & Trust Company Pension Plan

Data updated 2026-08-11

$1.0B
Total assets: 1,030
Participants: 99th
Percentile by assets: $1.0M
Avg per participant

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.

99th percentile by assets (of 127,072 plans)
#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.

$1.0B
total plan assets (2023 EOY): 1,030
covered participants: 99th
percentile by assets (of 127,072 plans): $1.0M
avg assets per participant

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 →

State

North Carolina

Industry

Finance & Insurance

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan vs the 2023 asset distribution

By assets, First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan outranks 99% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 10x the national average plan size of $100M (721 average participants).

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)

Total plan assets by year, all First-Citizens Bank & Trust Company plans on file

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 … side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan by total assets, not by location.

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

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).

Next read for First-Citizens Bank & Trust Company and …

Scale reading

Ways to act on First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan's numbers.

By total assets, First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan ranks among the largest 1% of all filed plans. 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

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.