401(k) · DOL Form 5500 · 2023

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

Data updated 2026-08-25

$2.2B
Total assets Very large vs avg
5,777
Participants Above avg headcount
99th
Percentile by assets National rank
$378,497
Avg per participant High balance/head
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Official DOL plan name: First-Citizens Bank & Trust Company 401(k) Plan · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance

$2.2B in assets, 5,777 participants

First-Citizens Bank & Trust Company's First-Citizens Bank & Trust Company 401(k) Plan reported $2.2B in total assets and 5,777 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.

  • #8,754 in Finance & Insurance (8,869 peers)

Coverage in North Carolina

First-Citizens Bank & Trust Company 401(k) Plan covers 5,777 participants in North Carolina, 7.1x the typical North Carolina plan (state average ~819 per filing). Assets: $2.2B.

#8,754
in Finance & Insurance (8,869 peers)
+40.6%
assets growth YoY
22×
vs typical plan assets (national mean)

First-Citizens Bank & Trust Company 401(k) Plan's outsized position by total assets

First-Citizens Bank & Trust Company 401(k) Plan vs every filed plan by assets

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

$2,186,576,973 Top 1% higher than 99% 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 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. First-Citizens Bank & Trust Company 401(k) Plan lands in the large band (5,777 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • First-Citizens Bank & Trust Company 401(k) Plan reported net income rose from -$66M in the plan year 2022 filing to $631M in the plan year 2023 filing.
  • First-Citizens Bank & Trust Company 401(k) Plan end-of-year assets rose from $1.6B in the plan year 2022 filing to $2.2B in the plan year 2023 filing.
  • First-Citizens Bank & Trust Company 401(k) Plan reported participants fell from 6,206 in the plan year 2022 filing to 5,777 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 560223230 · First-Citizens Bank & Trust Company PY 2023 · 401(k)

First-Citizens Bank & Trust Company 401(k) Plan · $2.2B · 5,777 · 99th

  • IND $2.2B
  • EOY 5,777
  • 5500 99th
  • ASSETS 401(k)
  • PCT near Finra Savings Plus Plan
  • EIN ind #8754

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 401(k) Plan in the asset neighbourhood

First-Citizens Bank & Trust Company 401(k) PlanFirst-Citizens Bank & Trust …$2.2BPrecision Castparts Corp. 401(k) Retirement Savings PlanPrecision Castparts Corp. 40…$2.2BAmentum 401(k) Retirement PlanAmentum 401(k) Retirement Pl…$2.2BFinra Savings Plus Plan$2.2BCapgemini Safe Harbor 401(k) PlanCapgemini Safe Harbor 401(k)…$2.2B
End-of-year total assets ($B) among First-Citizens Bank & Trust Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$1.6B
Net Assets (End of Year)$2.2B
Net Income$631M
Employer EIN560223230
Plan Effective Date2008-01-01
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 401(k) Plans in North Carolina

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

First-Citizens Bank & Trust Company 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants First-Citizens Bank & Trust Company 401(k) Plan, Total assets ($B): 2.186576973 · Participants: 5777First-Citizens Bank & Trust Company 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
First-Citizens Bank & Trust Company 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare First-Citizens Bank & Trust Company 401(k) Plan side-by-side with 3 peers →

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

First-Citizens Bank & Trust Company 401(k) Plan reports $2.2B in end-of-year assets across 5,777 participants (0.018% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $378,497 per participant (2.7x the national average assets-per-participant) . Net income for plan year 2023 was $631M.

This plan identity (EIN 560223230, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.6B to $2.7B (+72.8%) while covered participants moved from 6,206 to 15,251 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 6,206 $1.6B Open filing
2023 5,777 $2.2B This page
2024 · index core 15,251 $2.7B Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

First-Citizens Bank & Trust Company 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Finra Savings Plus Plan in DC ($2.2B); by covered participants it is Consilio 401(k) Plan in DC (5,782 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($2.2B here).

Similar participant headcount

Nearest other-state filings by covered participants (5,777 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 401(k) Plan assets move in 2023? ▼
First-Citizens Bank & Trust Company 401(k) Plan surged - up 40.6% during 2023, from $1.6B to $2.2B. Reported net income was $631M.
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 401(k) Plan rank by assets among Form 5500 filers? ▼
First-Citizens Bank & Trust Company 401(k) 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 401(k) plans are similar in size to First-Citizens Bank & Trust Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Finra Savings Plus Plan in DC ($2.2B, 3,958 participants).
Which 401(k) plans cover a similar participant headcount to First-Citizens Bank & Trust Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Consilio 401(k) Plan in DC (5,782 participants, $216M 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.