Defined Benefit (Pension) · DOL Form 5500 · 2024
First Citizens Bank & Trust Company Pension Plan
Data updated 2026-08-11
- $314M
- Total assets
- 643
- Participants
- 96th
- Percentile by assets
- $487,661
- Avg per participant
Official DOL plan name: Cit Group, Inc. Retirement Plan · Sponsored by First Citizens Bank & Trust Company · North Carolina · Finance & Insurance
$314M in assets, 643 participants
First Citizens Bank & Trust Company's Cit Group, Inc. Retirement Plan reported $314M in total assets and 643 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)
- #7,962 in Finance & Insurance (8,549 peers)
Where Cit Group, Inc. Retirement Plan sits by assets
Cit Group, Inc. Retirement Plan sits in the top 5% of all filed plans by assets, $314M for 643 participants (~$487,661/participant), down 2.3% in 2024.
- $314M
- total plan assets (2024 EOY)
- 643
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $487,661
- avg assets per participant
The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Cit Group, Inc. Retirement Plan reported net income fell from $5M in the plan year 2023 filing to -$7M in the plan year 2024 filing.
- Cit Group, Inc. Retirement Plan reported participants fell from 685 in the plan year 2023 filing to 643 in the plan year 2024 filing.
- Cit Group, Inc. Retirement Plan end-of-year assets fell from $321M in the plan year 2023 filing to $314M in the plan year 2024 filing.
Cit Group, Inc. Retirement Plan vs the 2024 asset distribution
By assets, Cit Group, Inc. Retirement Plan outranks 96% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 3.1x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $321M |
|---|---|
| Net Assets (End of Year) | $314M |
| Net Income | -$7M |
| Employer EIN | 560223230 |
| Plan Effective Date | 1990-01-01 |
| 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.
Cit Group, Inc. Retirement 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 Cit Group, Inc. Retirement Plan by total assets, not by location.
- Pension Plan for Employees of Hns Management Co Inc Represented by Atu (CT) $314M · 1,013
- Wec Energy Group Retirement Plan for Pgl and Nsg (WI) $314M · 413
- Arthur J. Gallagher & Co. Employees' Pension Plan (IL) $313M · 982
- Lexmark Retirement Growth Account Plan (KY) $313M · 606
Frequently Asked Questions
How did Cit Group, Inc. Retirement Plan assets move in 2024? ▼
How have First Citizens Bank & Trust Company plan assets changed over time? ▼
Where does Cit Group, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Cit Group, Inc. Retirement Plan? ▼
Next read for Cit Group, Inc. Retirement Plan
Scale reading
Ways to act on Cit Group, Inc. Retirement Plan's numbers.
- By total assets, Cit Group, Inc. Retirement 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