401(k) · DOL Form 5500 · 2024

First-Citizens Bank & Trust Company 401(k) Plan

Data updated 2026-07-24

$2.7B
Total assets: 15,251
Participants: 99th
Percentile by assets: $176,151
Avg per participant

Official DOL plan name: First-Citizens Bank & Trust Company 401(k) Plan · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance

$2.7B in assets, 15,251 participants

First-Citizens Bank & Trust Company's First-Citizens Bank & Trust Company 401(k) Plan reported $2.7B in total assets and 15,251 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)

Coverage in North Carolina

First-Citizens Bank & Trust Company 401(k) Plan covers 15,251 participants in North Carolina, 18x the typical North Carolina plan (state average ~846 per filing). Assets: $2.7B.

$2.7B
total plan assets (2024 EOY): 15,251
covered participants: 99th
percentile by assets (of 116,472 plans): $176,151
avg assets per participant

First-Citizens Bank & Trust Company 401(k) Plan reported participants rose from 5,777 in the plan year 2023 filing to 15,251 in the plan year 2024 filing.
First-Citizens Bank & Trust Company 401(k) Plan end-of-year assets rose from $2.2B in the plan year 2023 filing to $2.7B in the plan year 2024 filing.
First-Citizens Bank & Trust Company 401(k) Plan reported net income fell from $631M in the plan year 2023 filing to $500M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Carolina

Industry

Finance & Insurance

Participants vs North Carolina filers

In North Carolina, the average filing covers about 846 participants across 3,325 plans. First-Citizens Bank & Trust Company 401(k) Plan reports 15,251 participants - 18x that state average ($2.7B EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$2.2B
Net Assets (End of Year)	$2.7B
Net Income	$500M
Employer EIN	560223230
Plan Effective Date	2008-01-01
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 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

First-Citizens Bank & Trust Company 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

The Bank of America 401(k) Plan $62.9B · 168,963
Honeywell 401(k) Plan $16.3B · 39,468
Duke Energy Retirement Savings Plan $11.3B · 27,341
Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699

Compare First-Citizens Bank & Trust Company 401(… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to First-Citizens Bank & Trust Company 401(k) Plan by total assets, not by location.

Ochsner Clinic Foundation 401(k) Plan (LA) $2.7B · 32,229
Gartner Inc. Savings and Investment Plan (CT) $2.7B · 10,650
Ntt Data Americas 401(k) Plan (TX) $2.7B · 12,621
Lyondellbasell Savings Plan (TX) $2.7B · 8,059

Frequently Asked Questions

How did First-Citizens Bank & Trust Company 401(k) Plan assets move in 2024? ▼

First-Citizens Bank & Trust Company 401(k) Plan grew sharply - up 22.9% during 2024, from $2.2B to $2.7B. Reported net income was $500M.

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 401(k) Plan rank by assets among Form 5500 filers? ▼

First-Citizens Bank & Trust Company 401(k) 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 401(k) plans are similar in size to First-Citizens Bank & Trust Company 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Ochsner Clinic Foundation 401(k) Plan in LA ($2.7B, 32,229 participants).

Next read for First-Citizens Bank & Trust Company 401(…

Filing takeaways

Ways to act on First-Citizens Bank & Trust Company 401(k) Plan's numbers.

By total assets, First-Citizens Bank & Trust Company 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) 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.