Defined Benefit (Pension) · DOL Form 5500 · 2023

First-Citizens Bank & Trust Company Pension Plan

Data updated 2026-08-25

$232M
Total assets Near avg plan size
288
Participants Below avg headcount
95th
Percentile by assets National rank
$804,004
Avg per participant High balance/head
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Official DOL plan name: First Citizens Bank & Trust Company, Inc. Pension Plan · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance

$232M in assets, 288 participants

First-Citizens Bank & Trust Company's First Citizens Bank & Trust Company, Inc. Pension Plan reported $232M in total assets and 288 participants in its 2023 DOL Form 5500 filing, ranking in the 95th 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.

  • #8,191 in Finance & Insurance (8,869 peers)

Coverage in North Carolina

First Citizens Bank & Trust Company, Inc. Pension Plan covers 288 participants in North Carolina, about 35% of the average North Carolina filer (state average ~819 per filing). Assets: $232M.

#8,191
in Finance & Insurance (8,869 peers)
+15.0%
assets growth YoY
2.3×
vs typical plan assets (national mean)

First Citizens Bank & Trust Company, Inc. Pension Plan's outsized position by total assets

First Citizens Bank & Trust Company, Inc. Pension Plan vs every filed plan by assets

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

$231,553,022 Top 5% higher than 95% 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

First Citizens Bank & Trust Company, Inc. Pension Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First Citizens Bank & Trust Company, Inc. Pension Plan sits mid-pack in the medium band (288 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First Citizens Bank & Trust Company, Inc. Pension Plan reported net income rose from -$46M in the plan year 2022 filing to $30M in the plan year 2023 filing.
  • First Citizens Bank & Trust Company, Inc. Pension Plan end-of-year assets rose from $201M in the plan year 2022 filing to $232M in the plan year 2023 filing.
  • First Citizens Bank & Trust Company, Inc. Pension Plan reported participants fell from 316 in the plan year 2022 filing to 288 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

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

First Citizens Bank & Trust Company, Inc. Pension Plan · $232M · 288 · 95th

  • EBSA $232M
  • EBSA 288
  • EBSA 95th
  • EBSA Defined Benefit (Pension)
  • EBSA near Indiana Farm Bureau Retirement Plan
  • EBSA ind #8191

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 →

First Citizens Bank & Trust Company, Inc. Pension Plan in the asset neighbourhood

First Citizens Bank & Trust Company, Inc. Pension PlanFirst Citizens Bank & Trust …$232MIndiana Farm Bureau Retirement PlanIndiana Farm Bureau Retireme…$231MThe Continental Pilots Retirement PlanThe Continental Pilots Retir…$231MPark National Corporation Defined Benefit Pension PlanPark National Corporation De…$231MRetirement Plan for Employees of MatsonRetirement Plan for Employee…$231M
End-of-year total assets ($M) among First Citizens Bank & Trust Company, Inc. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$201M
Net Assets (End of Year)$232M
Net Income$30M
Employer EIN560223230
Plan Effective Date1970-01-01
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.

First Citizens Bank & Trust Company, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -505101520 Total assets ($B) Participants First Citizens Bank & Trust Company, Inc. Pension Plan, Total assets ($B): 0.231553022 · Participants: 288First Citizens Bank & Trust Company, Inc. Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.613752395 · Participants: 11145Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.582387965 · Participants: 45818Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.0264 · Participants: 14485Duke Energy Retirement Cash Balance PlanDuke Energy Legacy Pension Plan, Total assets ($B): 3.3721 · Participants: 371Duke Energy Legacy Pension PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.616859519 · Participants: 21020Employees' Retirement Plan of Duke University
First Citizens Bank & Trust Company, Inc. Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare First Citizens Bank & Trust Company, Inc. Pension Plan side-by-side with 3 peers →

First Citizens Bank & Trust Company, Inc. 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 Indiana Farm Bureau Retirement Plan in IN ($231M); by covered participants it is G.I. Associates, LLC Defined Benefit Pension Plan and Trust in WI (288 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($232M here).

Similar participant headcount

Nearest other-state filings by covered participants (288 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 First Citizens Bank & Trust Company, Inc. Pension Plan assets move in 2023? ▼
First Citizens Bank & Trust Company, Inc. Pension Plan grew sharply - up 15.0% during 2023, from $201M to $232M. Reported net income was $30M.
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, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
First Citizens Bank & Trust Company, Inc. Pension Plan ranks in the 95th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to First Citizens Bank & Trust Company, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Indiana Farm Bureau Retirement Plan in IN ($231M, 364 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to First Citizens Bank & Trust Company, Inc. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is G.I. Associates, LLC Defined Benefit Pension Plan and Trust in WI (288 participants, $17M 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.

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.