401(k) · DOL Form 5500 · 2024
First-Citizens Bank & Trust Company 401(k) Plan
Data updated 2026-08-11
- $363M
- Total assets
- 753
- Participants
- 96th
- Percentile by assets
- $482,442
- Avg per participant
Official DOL plan name: First-Citizens Bank & Trust Company Legacy 401(k) Plan · Sponsored by First-Citizens Bank & Trust Company · North Carolina · Finance & Insurance
$363M in assets, 753 participants
First-Citizens Bank & Trust Company's First-Citizens Bank & Trust Company Legacy 401(k) Plan reported $363M in total assets and 753 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.
- 96th percentile by assets (of 123,622 plans)
- #8,025 in Finance & Insurance (8,549 peers)
Where First-Citizens Bank & Trust Company Legacy 401(k) Plan sits by assets
First-Citizens Bank & Trust Company Legacy 401(k) Plan sits in the top 5% of all filed plans by assets, $363M for 753 participants (~$482,442/participant), up 5.7% in 2024.
- $363M
- total plan assets (2024 EOY)
- 753
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $482,442
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- First-Citizens Bank & Trust Company Legacy 401(k) Plan reported net income fell from $28M in the plan year 2023 filing to $20M in the plan year 2024 filing.
- First-Citizens Bank & Trust Company Legacy 401(k) Plan reported participants fell from 832 in the plan year 2023 filing to 753 in the plan year 2024 filing.
- First-Citizens Bank & Trust Company Legacy 401(k) Plan end-of-year assets rose from $344M in the plan year 2023 filing to $363M in the plan year 2024 filing.
First-Citizens Bank & Trust Company Legacy 401(k) Plan vs the 2024 asset distribution
By assets, First-Citizens Bank & Trust Company Legacy 401(k) Plan outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.6x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $344M |
|---|---|
| Net Assets (End of Year) | $363M |
| Net Income | $20M |
| Employer EIN | 560223230 |
| Plan Effective Date | 1984-07-01 |
| 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 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
First-Citizens Bank & Trust Company Legacy 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to First-Citizens Bank & Trust Company Legacy 401(k) Plan by total assets, not by location.
- Spend Life Wisely Company, Inc. Employee Stock Ownership Plan with 401(k) Features (OK) $363M · 1,941
- Knobbe Martens Olson & Bear, LLP 401(k) Retirement Savings Plan (CA) $363M · 694
- Roku, Inc. 401(k) Plan (CA) $363M · 2,448
- Kraton Savings Plan (TX) $363M · 1,198
Frequently Asked Questions
How did First-Citizens Bank & Trust Company Legacy 401(k) Plan assets move in 2024? ▼
How have First-Citizens Bank & Trust Company plan assets changed over time? ▼
Where does First-Citizens Bank & Trust Company Legacy 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to First-Citizens Bank & Trust Company Legacy 401(k) Plan? ▼
Next read for First-Citizens Bank & Trust Company Lega…
Scale reading
Ways to act on First-Citizens Bank & Trust Company Legacy 401(k) Plan's numbers.
- By total assets, First-Citizens Bank & Trust Company Legacy 401(k) Plan ranks in the top 5% of all filed plans by assets. 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