401(k) · DOL Form 5500 · 2023
First-Citizens Bank & Trust Company 401(k) Plan
Data updated 2026-08-11
- $2.2B
- Total assets
- 5,777
- Participants
- 99th
- Percentile by assets
- $378,497
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $2.2B
- total plan assets (2023 EOY)
- 5,777
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $378,497
- avg assets per participant
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. First-Citizens Bank & Trust Company 401(k) Plan reports 5,777 participants - 7.1x that state average ($2.2B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $1.6B |
|---|---|
| Net Assets (End of Year) | $2.2B |
| Net Income | $631M |
| Employer EIN | 560223230 |
| Plan Effective Date | 2008-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (First-Citizens Bank & Trust Company)
| 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
- 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
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 (401(k), $2.7B, 15,251 participants)
- First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan (Defined Benefit (Pension), $1.1B, 950 participants)
- First-Citizens Bank & Trust Company Legacy 401(k) Plan (401(k), $363M, 753 participants)
- Cit Group, Inc. Retirement Plan (Defined Benefit (Pension), $314M, 643 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to First-Citizens Bank & Trust Company 401(k) Plan by total assets, not by location.
- Finra Savings Plus Plan (DC) $2.2B · 3,958
- Capgemini Safe Harbor 401(k) Plan (NY) $2.2B · 11,756
- Precision Castparts Corp. 401(k) Retirement Savings Plan (OR) $2.2B · 16,687
- Amentum 401(k) Retirement Plan (VA) $2.2B · 22,820
Frequently Asked Questions
How did First-Citizens Bank & Trust Company 401(k) Plan assets move in 2023? ▼
How have First-Citizens Bank & Trust Company plan assets changed over time? ▼
Where does First-Citizens Bank & Trust Company 401(k) Plan rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on First-Citizens Bank & Trust Company 401(k) Plan's numbers.
- By total assets, First-Citizens Bank & Trust Company 401(k) Plan ranks among the largest 1% of all filed plans. 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