401(k) · DOL Form 5500 · 2024
Citizens Financial Group, Inc. 401(k) Plan
Data updated 2026-08-25
- $3.2B
- Total assets Very large vs avg
- 17,893
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $181,632
- Avg per participant Above avg balance/head
Official DOL plan name: Cfg Retirement Savings Plan · Sponsored by Citizens Financial Group, Inc. · Rhode Island · Finance & Insurance
$3.2B in assets, 17,893 participants
Citizens Financial Group, Inc.'s Cfg Retirement Savings Plan reported $3.2B in total assets and 17,893 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.
- #8,463 in Finance & Insurance (8,549 peers)
Coverage in Rhode Island
Cfg Retirement Savings Plan covers 17,893 participants in Rhode Island, 12x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $3.2B.
- #8,463
- in Finance & Insurance (8,549 peers)
- +10.9%
- assets growth YoY
- 33×
- vs typical plan assets (national mean)
Cfg Retirement Savings Plan's outsized position by total assets
Cfg Retirement Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$3,249,944,772 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Cfg Retirement Savings Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cfg Retirement Savings Plan is a mega filing (17,893 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Cfg Retirement Savings Plan reported net income fell from $426M in the plan year 2023 filing to $320M in the plan year 2024 filing.
- Cfg Retirement Savings Plan end-of-year assets rose from $2.9B in the plan year 2023 filing to $3.2B in the plan year 2024 filing.
- Cfg Retirement Savings Plan reported participants fell from 19,047 in the plan year 2023 filing to 17,893 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 050412693 · Citizens Financial Group, Inc. PY 2024 · 401(k)
Cfg Retirement Savings Plan · $3.2B · 17,893 · 100th
- VS-ST $3.2B
- VS-ST 17,893
- VS-ST 100th
- VS-ST 401(k)
- VS-ST near Colgate-Palmolive Company Employees Savings & Investment Plan
- VS-ST ind #8463
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 →
Cfg Retirement Savings Plan in the asset neighbourhood
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $2.9B |
|---|---|
| Net Assets (End of Year) | $3.2B |
| Net Income | $320M |
| Employer EIN | 050412693 |
| Plan Effective Date | 1978-01-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 21,615 | $3.7B |
| 2023 | 3 | 22,715 | $4.2B |
| 2024 | 3 | 21,136 | $4.6B |
Nearby 401(k) Plans in Rhode Island
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- CVS Health Future Fund 401(k) Plan $30.1B · 240,493
- Textron Savings Plan $6.1B · 26,609
- Unfi 401(k) Plan $2.8B · 26,416
- Factory Mutual Insurance Company 401(k) Savings Plan $1.9B · 4,005
- Igt 401(k) Retirement Savings Plan $1.4B · 6,006
Scale composition for Cfg Retirement Savings Plan
Cfg Retirement Savings Plan reports $3.2B in end-of-year assets across 17,893 participants (0.026% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.019% of 93,925,755 covered participants) - about $181,632 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2024 was $320M.
This plan identity (EIN 050412693, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.5B to $3.2B (+29.8%) while covered participants moved from 17,454 to 17,893 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 17,454 | $2.5B | Open filing |
| 2023 | 19,047 | $2.9B | Open filing |
| 2024 · index core | 17,893 | $3.2B | This page |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Cfg Pension Plan (Defined Benefit (Pension), $1.2B, 2,962 participants)
- Investors Bank Pension Plan (Defined Benefit (Pension), $146M, 281 participants)
Cfg Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Rhode Island, the nearest 401(k) by assets is Colgate-Palmolive Company Employees Savings & Investment Plan in NY ($3.3B); by covered participants it is Ampex Brands Retirement Savings Plan in TX (17,897 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.2B here).
- Colgate-Palmolive Company Employees Savings & Investment Plan (NY) $3.3B · 5,766
- Discover Financial Services 401(k) Plan (IL) $3.2B · 20,344
- Ameren Corporation Savings Investment Plan (MO) $3.2B · 9,504
- Navy Federal 401(k) Savings Plan (VA) $3.2B · 24,276
Similar participant headcount
Nearest other-state filings by covered participants (17,893 participants); asset peers above are excluded.
- Ampex Brands Retirement Savings Plan (TX) 17,897 · 4 off
- American Red Cross Savings Plan (DC) 17,898 · 5 off
- Peraton Corp. Retirement Savings Plan (VA) 17,852 · 41 off
- Amalgamated Transit Union National 401(k) Pension Plan (IL) 17,983 · 90 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.