Defined Benefit (Pension) · DOL Form 5500 · 2024
First-Citizens Bank & Trust Company Pension Plan
Data updated 2026-08-11
- $243M
- Total assets
- 266
- Participants
- 95th
- Percentile by assets
- $914,139
- Avg per participant
Official DOL plan name: First Citizens Bank & Trust Company, Inc. Pension Plan · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance
$243M in assets, 266 participants
First-Citizens Bank & Trust Company's First Citizens Bank & Trust Company, Inc. Pension Plan reported $243M in total assets and 266 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 123,622 plans)
- #7,859 in Finance & Insurance (8,549 peers)
Coverage in North Carolina
First Citizens Bank & Trust Company, Inc. Pension Plan covers 266 participants in North Carolina, about 32% of the average North Carolina filer (state average ~819 per filing). Assets: $243M.
- $243M
- total plan assets (2024 EOY)
- 266
- covered participants
- 95th
- percentile by assets (of 123,622 plans)
- $914,139
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- First Citizens Bank & Trust Company, Inc. Pension Plan reported net income fell from $30M in the plan year 2023 filing to $12M in the plan year 2024 filing.
- First Citizens Bank & Trust Company, Inc. Pension Plan reported participants fell from 288 in the plan year 2023 filing to 266 in the plan year 2024 filing.
- First Citizens Bank & Trust Company, Inc. Pension Plan end-of-year assets rose from $232M in the plan year 2023 filing to $243M in the plan year 2024 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, Inc. Pension Plan reports 266 participants - about 32% of that state average ($243M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $232M |
|---|---|
| Net Assets (End of Year) | $243M |
| Net Income | $12M |
| Employer EIN | 560223230 |
| Plan Effective Date | 1970-01-01 |
| 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 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, Inc. 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
- Employees' Retirement Plan of Duke University $2.8B · 22,655
- The Hearst Corporation Retirement Plan $2.4B · 1,745
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to First Citizens Bank & Trust Company, Inc. Pension Plan by total assets, not by location.
- Catholic Medical Center Pension Plan (NH) $243M · 352
- The Teknor Apex Company Retirement Plan (RI) $243M · 759
- Baxter Healthcare of Puerto Rico Pension Plan (IL) $244M · 656
- Retirement Plan for Employees of Matson (CA) $242M · 729
Frequently Asked Questions
How did First Citizens Bank & Trust Company, Inc. Pension Plan assets move in 2024? ▼
How have First-Citizens Bank & Trust Company plan assets changed over time? ▼
Where does First Citizens Bank & Trust Company, Inc. Pension Plan rank by assets among Form 5500 filers? ▼
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Next read for First Citizens Bank & Trust Company, Inc…
Filing takeaways
Ways to act on First Citizens Bank & Trust Company, Inc. Pension Plan's numbers.
- By total assets, First Citizens Bank & Trust Company, Inc. Pension Plan ranks in the top 5% of all filed plans by assets. 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