Defined Benefit (Pension) · DOL Form 5500 · 2024

First-Citizens Bank & Trust Company Pension Plan

Data updated 2026-07-24

$1.1B
Total assets: 950
Participants: 99th
Percentile by assets: $1.1M
Avg per participant

Official DOL plan name: First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance

$1.1B in assets, 950 participants

First-Citizens Bank & Trust Company's First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan reported $1.1B in total assets and 950 participants in its 2024 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 116,472 plans)

Where First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan sits by assets

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan sits among the largest 1% of all filed plans, $1.1B for 950 participants (~$1.1M/participant), up 5.2% in 2024.

$1.1B
total plan assets (2024 EOY): 950
covered participants: 99th
percentile by assets (of 116,472 plans): $1.1M
avg assets per participant

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan reported net income fell from $139M in the plan year 2023 filing to $54M in the plan year 2024 filing.
First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan reported participants fell from 1,030 in the plan year 2023 filing to 950 in the plan year 2024 filing.
First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan end-of-year assets rose from $1.0B in the plan year 2023 filing to $1.1B in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Carolina

Industry

Finance & Insurance

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan vs the 2024 asset distribution

By assets, First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan outranks 99% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 11x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$1.0B
Net Assets (End of Year)	$1.1B
Net Income	$54M
Employer EIN	560223230
Plan Effective Date	1951-01-01
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 Defined Benefit (Pension) Plans in North Carolina

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

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants

Honeywell Retirement Earnings Plan $16.6B · 9,923
Truist Financial Corporation Pension Plan $14.7B · 38,548
Duke Energy Retirement Cash Balance Plan $4.7B · 13,576
The Hearst Corporation Retirement Plan $2.4B · 1,745
Duke Energy Legacy Pension Plan $2.4B · 300

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

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan by total assets, not by location.

Molson Coors Pension Plan (WI) $1.1B · 1,596
Centerpoint Energy Retirement Plan (TX) $1.1B · 4,963
Fmc Corporation Employees' Retirement Program (PA) $1.1B · 124
Tribune Media Company Retirement Plan (IL) $1.1B · 430

Frequently Asked Questions

How did First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan assets move in 2024? ▼

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan grew at a solid clip - up 5.2% during 2024, from $1.0B to $1.1B. Reported net income was $54M.

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 and Adopting Related Employers Pension Plan rank by assets among Form 5500 filers? ▼

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan ranks in the 99th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Molson Coors Pension Plan in WI ($1.1B, 1,596 participants).

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

Scale reading

Ways to act on First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan's numbers.

By total assets, First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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 2024.

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.