Defined Benefit (Pension) · DOL Form 5500 · 2024
Citizens Financial Group, Inc. Pension Plan
Data updated 2026-08-11
- $1.2B
- Total assets
- 2,962
- Participants
- 99th
- Percentile by assets
- $405,432
- Avg per participant
Official DOL plan name: Cfg Pension Plan · Sponsored by Citizens Financial Group, Inc. · Rhode Island · Finance & Insurance
$1.2B in assets, 2,962 participants
Citizens Financial Group, Inc.'s Cfg Pension Plan reported $1.2B in total assets and 2,962 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 123,622 plans)
- #8,334 in Finance & Insurance (8,549 peers)
Coverage in Rhode Island
Cfg Pension Plan covers 2,962 participants in Rhode Island, 2.0x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $1.2B.
- $1.2B
- total plan assets (2024 EOY)
- 2,962
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $405,432
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Cfg Pension Plan reported net income fell from $87M in the plan year 2023 filing to $16M in the plan year 2024 filing.
- Cfg Pension Plan reported participants fell from 3,296 in the plan year 2023 filing to 2,962 in the plan year 2024 filing.
- Cfg Pension Plan end-of-year assets rose from $1.1B in the plan year 2023 filing to $1.2B in the plan year 2024 filing.
Participants vs Rhode Island filers
In Rhode Island, the average filing covers about 1,449 participants across 434 plans. Cfg Pension Plan reports 2,962 participants - 2.0x that state average ($1.2B EOY assets).
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.2B |
| Net Income | $16M |
| Employer EIN | 050412693 |
| Plan Effective Date | 1961-03-23 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Citizens Financial Group, Inc.)
| 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.
Cfg Pension Plan vs. nearby Defined Benefit (Pension) plans in Rhode Island, assets vs. participants
- The Bank of America Pension Plan $19.0B · 53,831
- Textron Master Retirement Plan $5.5B · 6,888
- Factory Mutual Insurance Company Pension Plan $3.0B · 3,656
- Bell Helicopter Textron Master Retirement Plan $2.3B · 2,671
- Amica Pension Fund $1.7B · 2,172
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Cfg Pension Plan by total assets, not by location.
- Non-Contributory Retirement Program for Certain Empl of Bcbssc (SC) $1.2B · 4,087
- Retirement Plan for Hospital Employees (CA) $1.2B · 2,045
- Precision Castparts Corp. Retirement Plan (OR) $1.2B · 1,890
- Kellanova Pension Plan (IL) $1.2B · 2,765
Frequently Asked Questions
How did Cfg Pension Plan assets move in 2024? ▼
How have Citizens Financial Group, Inc. plan assets changed over time? ▼
Where does Cfg Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Cfg Pension Plan? ▼
Next read for Cfg Pension Plan
Filing takeaways
Ways to act on Cfg Pension Plan's numbers.
- By total assets, Cfg 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 Rhode Island. Compare plans
- Citizens Financial Group, Inc.'s sponsor-wide assets have grown 24.4% since 2022 across 3 plan years on file. More Finance & Insurance plans