Defined Benefit (Pension) · DOL Form 5500 · 2023

First Citizens Bank & Trust Company Pension Plan

Data updated 2026-08-25

$321M
Total assets Above avg plan size
685
Participants Below avg headcount
96th
Percentile by assets National rank
$468,579
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

$321M in assets, 685 participants

First Citizens Bank & Trust Company's Cit Group, Inc. Retirement Plan reported $321M in total assets and 685 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #8,330 in Finance & Insurance (8,869 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, $321M for 685 participants (~$468,579/participant), up 1.6% in 2023.

#8,330
in Finance & Insurance (8,869 peers)
+1.6%
assets growth YoY
3.2×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$320,976,920 Top 4% higher than 96% 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

Cit Group, Inc. Retirement 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. Cit Group, Inc. Retirement Plan sits mid-pack in the medium band (685 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Cit Group, Inc. Retirement Plan reported net income rose from -$72M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Cit Group, Inc. Retirement Plan reported participants fell from 794 in the plan year 2022 filing to 685 in the plan year 2023 filing.
  • Cit Group, Inc. Retirement Plan end-of-year assets rose from $316M in the plan year 2022 filing to $321M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

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

Cit Group, Inc. Retirement Plan · $321M · 685 · 96th

  • TYPE $321M
  • NET 685
  • BOOK 96th
  • VS-ST Defined Benefit (Pension)
  • BOY near Protective Life Corporation Pension Plan
  • SCH ind #8330

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

Essential Utilities, Inc. Pension PlanEssential Utilities, Inc. Pe…$322MUnity Health System Retirement PlanUnity Health System Retireme…$321MProtective Life Corporation Pension PlanProtective Life Corporation …$321MCit Group, Inc. Retirement PlanCit Group, Inc. Retirement P…$321MLvmh Affiliates' Retirement PlanLvmh Affiliates' Retirement …$319M
End-of-year total assets ($M) among Cit Group, Inc. Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$316M
Net Assets (End of Year)$321M
Net Income$5M
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. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Cit Group, Inc. Retirement Plan, Total assets ($B): 0.32097692 · Participants: 685Cit Group, Inc. Retirement 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
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 Protective Life Corporation Pension Plan in AL ($321M); by covered participants it is National Fuel Gas Company Retirement Plan in NY (685 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($321M here).

Similar participant headcount

Nearest other-state filings by covered participants (685 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 Cit Group, Inc. Retirement Plan assets move in 2023? ▼
Cit Group, Inc. Retirement Plan edged up modestly - up 1.6% during 2023, from $316M to $321M. Reported net income was $5M.
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 96th 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 Cit Group, Inc. Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Protective Life Corporation Pension Plan in AL ($321M, 3,222 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 National Fuel Gas Company Retirement Plan in NY (685 participants, $941M 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.