401(k) · DOL Form 5500 · 2022
First-Citizens Bank & Trust Company 401(k) Plan
Data updated 2026-08-11
- $1.6B
- Total assets
- 6,206
- Participants
- 99th
- Percentile by assets
- $250,509
- Avg per participant
Official DOL plan name: The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance
$1.6B in assets, 6,206 participants
First-Citizens Bank & Trust Company's The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp reported $1.6B in total assets and 6,206 participants in its 2022 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 139,126 plans)
- #9,123 in Finance & Insurance (9,261 peers)
Coverage in North Carolina
The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp covers 6,206 participants in North Carolina, 7.6x the typical North Carolina plan (state average ~819 per filing). Assets: $1.6B.
- $1.6B
- total plan assets (2022 EOY)
- 6,206
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $250,509
- avg assets per participant
The plan reported a net loss of $66M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp reports 6,206 participants - 7.6x that state average ($1.6B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $669M |
|---|---|
| Net Assets (End of Year) | $1.6B |
| Net Income | -$66M |
| 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.
The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp vs. nearby 401(k) plans in North Carolina, assets vs. participants
- The Bank of America 401(k) Plan $47.1B · 169,036
- Honeywell 401(k) Plan $14.6B · 39,007
- Duke Energy Retirement Savings Plan $9.4B · 27,731
- Truist Financial Corporation 401(k) Savings Plan $9.0B · 51,871
- Lowes 401(k) Plan $7.4B · 284,864
Scale composition for The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp
The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp reports $1.6B in end-of-year assets across 6,206 participants (0.013% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $250,509 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2022 was -$66M.
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 | This page |
| 2023 | 5,777 | $2.2B | Open filing |
| 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 The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp by total assets, not by location.
- Southern Glazer's 401(k) Plan (FL) $1.6B · 17,622
- Allianz Asset Management of America L.P. 401(k) Savings and Retirement Plan (CA) $1.6B · 2,665
- Triad 401(k) Retirement Plan (NM) $1.5B · 8,535
- Ukg Retirement Savings Plan (FL) $1.5B · 10,754
Frequently Asked Questions
How did The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp assets move in 2022? ▼
How have First-Citizens Bank & Trust Company plan assets changed over time? ▼
Where does The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp rank by assets among Form 5500 filers? ▼
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Filing takeaways
Ways to act on The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp's numbers.
- By total assets, The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp 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