401(k) · DOL Form 5500 · 2023
First-Citizens Bank & Trust Company 401(k) Plan
Data updated 2026-08-25
- $344M
- Total assets Above avg plan size
- 832
- Participants Near avg headcount
- 96th
- Percentile by assets National rank
- $412,945
- Avg per participant High balance/head
Official DOL plan name: First-Citizens Bank & Trust Company Legacy 401(k) Plan · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance
$344M in assets, 832 participants
First-Citizens Bank & Trust Company's First-Citizens Bank & Trust Company Legacy 401(k) Plan reported $344M in total assets and 832 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.
- #8,353 in Finance & Insurance (8,869 peers)
Where First-Citizens Bank & Trust Company Legacy 401(k) Plan sits by assets
First-Citizens Bank & Trust Company Legacy 401(k) Plan sits in the top 5% of all filed plans by assets, $344M for 832 participants (~$412,945/participant), up 8.4% in 2023.
- #8,353
- in Finance & Insurance (8,869 peers)
- +8.4%
- assets growth YoY
- 3.4×
- vs typical plan assets (national mean)
First-Citizens Bank & Trust Company Legacy 401(k) Plan's outsized position by total assets
First-Citizens Bank & Trust Company Legacy 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$343,569,961 Top 4% higher than 96% 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 Legacy 401(k) 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 Legacy 401(k) Plan sits mid-pack in the medium band (832 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- First-Citizens Bank & Trust Company Legacy 401(k) Plan reported net income rose from -$80M in the plan year 2022 filing to $28M in the plan year 2023 filing.
- First-Citizens Bank & Trust Company Legacy 401(k) Plan reported participants fell from 931 in the plan year 2022 filing to 832 in the plan year 2023 filing.
- First-Citizens Bank & Trust Company Legacy 401(k) Plan end-of-year assets rose from $317M in the plan year 2022 filing to $344M in the plan year 2023 filing.
DOL schedule card
Filing strip 560223230 · First-Citizens Bank & Trust Company PY 2023 · 401(k)
First-Citizens Bank & Trust Company Legacy 401(k) Plan · $344M · 832 · 96th
- NET $344M
- NET 832
- NET 96th
- NET 401(k)
- NET near Sullivan & Cromwell LLP Employees' Savings Plan
- NET ind #8353
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 Legacy 401(k) Plan in the asset neighbourhood
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $317M |
|---|---|
| Net Assets (End of Year) | $344M |
| Net Income | $28M |
| Employer EIN | 560223230 |
| Plan Effective Date | 1984-07-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 5 | 9,372 | $3.3B |
| 2023 | 5 | 8,612 | $4.1B |
| 2024 | 5 | 17,863 | $4.7B |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- The Bank of America 401(k) Plan $54.8B · 173,899
- Honeywell 401(k) Plan $15.4B · 40,004
- Duke Energy Retirement Savings Plan $10.4B · 28,121
- Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
- Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174
First-Citizens Bank & Trust Company Legacy 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Sullivan & Cromwell LLP Employees' Savings Plan in NY ($343M); by covered participants it is Gsc Enterprises, Inc 401(k) Plan in TX (832 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($344M here).
- Sullivan & Cromwell LLP Employees' Savings Plan (NY) $343M · 338
- Emblemhealth Services Company, LLC 401(k) Plan (NY) $344M · 1,580
- Tpg Global, LLC 401(k) Profit Sharing Plan (TX) $343M · 877
- Shutterfly, LLC 401(k) Plan (CA) $343M · 6,670
Similar participant headcount
Nearest other-state filings by covered participants (832 participants); asset peers above are excluded.
- Gsc Enterprises, Inc 401(k) Plan (TX) 832 · 0 off
- Hmh 401(k) Savings Plan - Humc & Pmc Grandfathered Participants (NJ) 832 · 0 off
- The Berge Group Retirement Savings Plan (AZ) 832 · 0 off
- Butler Machinery Company Retirement Plan (ND) 832 · 0 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.