Defined Benefit (Pension) · DOL Form 5500 · 2023

Citizens Financial Group, Inc. Pension Plan

Data updated 2026-08-25

$140M
Total assets Near avg plan size
372
Participants Below avg headcount
93rd
Percentile by assets National rank
$376,168
Avg per participant High balance/head
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Official DOL plan name: Investors Bank Pension Plan · Sponsored by Citizens Financial Group, Inc. · Rhode Island · Finance & Insurance

$140M in assets, 372 participants

Citizens Financial Group, Inc.'s Investors Bank Pension Plan reported $140M in total assets and 372 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd 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.

  • #7,924 in Finance & Insurance (8,869 peers)

Coverage in Rhode Island

Investors Bank Pension Plan covers 372 participants in Rhode Island, about 26% of the average Rhode Island filer (state average ~1,449 per filing). Assets: $140M.

#7,924
in Finance & Insurance (8,869 peers)
+4.4%
assets growth YoY
1.4×
vs typical plan assets (national mean)

Investors Bank Pension Plan's outsized position by total assets

Investors Bank Pension Plan vs every filed plan by assets

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

$139,934,625 Top 7% higher than 93% 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

Investors Bank Pension 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. Investors Bank Pension Plan sits mid-pack in the medium band (372 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Investors Bank Pension Plan reported net income rose from $732K in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Investors Bank Pension Plan reported participants fell from 561 in the plan year 2022 filing to 372 in the plan year 2023 filing.
  • Investors Bank Pension Plan end-of-year assets rose from $134M in the plan year 2022 filing to $140M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 050412693 · Citizens Financial Group, Inc. PY 2023 · Defined Benefit (Pension)

Investors Bank Pension Plan · $140M · 372 · 93rd

  • PART $140M
  • TYPE 372
  • NET 93rd
  • BOOK Defined Benefit (Pension)
  • VS-ST near Bcom3 Cash Balance Plan
  • BOY ind #7924

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 Rhode Island →

Investors Bank Pension Plan in the asset neighbourhood

International Brotherhood of Boilermakers Officers and Employees' Pension PlanInternational Brotherhood of…$140MStagehands Local Two Retirement PlanStagehands Local Two Retirem…$140MBcom3 Cash Balance Plan$140MInvestors Bank Pension Plan$140MNew York Central Mutual Fire Insurance Company Retirement Income PlanNew York Central Mutual Fire…$140M
End-of-year total assets ($M) among Investors Bank Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Rhode Island filing particulars

Total Assets (Beginning of Year)$134M
Net Assets (End of Year)$140M
Net Income$6M
Employer EIN050412693
Plan Effective Date2022-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Citizens Financial Group, Inc.)

Sponsor-wide plan assets over time

All Citizens Financial Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4.6B 24.39108783593405% vs 2022
2024 filing year
$3.5B$4B$4.5B$5B 202220232024 $3.7B $4.6B ▲ +24.3%
Year Plans Participants Total Assets
2022 3 21,615 $3.7B
2023 3 22,715 $4.2B
2024 3 21,136 $4.6B

Nearby Defined Benefit (Pension) Plans in Rhode Island

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Investors Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -50510152025 Total assets ($B) Participants Investors Bank Pension Plan, Total assets ($B): 0.139934625 · Participants: 372Investors Bank Pension PlanThe Bank of America Pension Plan, Total assets ($B): 19.18921965 · Participants: 56519The Bank of America Pension PlanTextron Master Retirement Plan, Total assets ($B): 5.244382313 · Participants: 7320Textron Master Retirement PlanFactory Mutual Insurance Company Pension Plan, Total assets ($B): 2.905288129 · Participants: 3478Factory Mutual Insurance Company Pension PlanBell Helicopter Textron Master Retirement Plan, Total assets ($B): 2.242403648 · Participants: 2800Bell Helicopter Textron Master Retirement PlanAmica Pension Fund, Total assets ($B): 1.772694319 · Participants: 2338Amica Pension Fund
Investors Bank Pension Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants
Compare Investors Bank Pension Plan side-by-side with 3 peers →

Investors Bank Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Rhode Island, the nearest Defined Benefit (Pension) by assets is Bcom3 Cash Balance Plan in IL ($140M); by covered participants it is Plumbers and Pipefitters Local Union No. 803 Pension Fund in FL (372 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (372 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 Investors Bank Pension Plan assets move in 2023? ▼
Investors Bank Pension Plan edged up modestly - up 4.4% during 2023, from $134M to $140M. Reported net income was $6M.
How have Citizens Financial Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Citizens Financial Group, Inc.'s sponsor-wide assets grew 24.4%, from $3.7B to $4.6B.
Where does Investors Bank Pension Plan rank by assets among Form 5500 filers? ▼
Investors Bank Pension Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Investors Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Bcom3 Cash Balance Plan in IL ($140M, 432 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Investors Bank Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Plumbers and Pipefitters Local Union No. 803 Pension Fund in FL (372 participants, $48M 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 050412693.

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.