401(k) · DOL Form 5500 · 2023

First-Citizens Bank & Trust Company 401(k) Plan

Data updated 2026-08-11

$344M
Total assets: 832
Participants: 96th
Percentile by assets: $412,945
Avg per participant

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.

96th percentile by assets (of 127,072 plans)
#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.

$344M
total plan assets (2023 EOY): 832
covered participants: 96th
percentile by assets (of 127,072 plans): $412,945
avg assets per participant

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.

See the national 2022→2023 release diff →

State

North Carolina

Industry

Finance & Insurance

First-Citizens Bank & Trust Company Legacy 401(k) Plan vs the 2023 asset distribution

By assets, First-Citizens Bank & Trust Company Legacy 401(k) Plan outranks 96% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 3.4x the national average plan size of $100M (721 average participants).

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)

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 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First-Citizens Bank & Trust Company Legacy 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

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

Compare First-Citizens Bank & Trust Company Lega… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to First-Citizens Bank & Trust Company Legacy 401(k) Plan by total assets, not by location.

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

Frequently Asked Questions

How did First-Citizens Bank & Trust Company Legacy 401(k) Plan assets move in 2023? ▼

First-Citizens Bank & Trust Company Legacy 401(k) Plan grew at a solid clip - up 8.4% during 2023, from $317M to $344M. Reported net income was $28M.

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 Legacy 401(k) Plan rank by assets among Form 5500 filers? ▼

First-Citizens Bank & Trust Company Legacy 401(k) 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 401(k) plans are similar in size to First-Citizens Bank & Trust Company Legacy 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Sullivan & Cromwell LLP Employees' Savings Plan in NY ($343M, 338 participants).

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

Scale reading

Ways to act on First-Citizens Bank & Trust Company Legacy 401(k) Plan's numbers.

By total assets, First-Citizens Bank & Trust Company Legacy 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) 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.