Defined Benefit (Pension) · DOL Form 5500 · 2024

First Citizens Bank & Trust Company Pension Plan

Data updated 2026-08-25

$314M
Total assets Above avg plan size
643
Participants Below avg headcount
96th
Percentile by assets National rank
$487,661
Avg per participant High balance/head
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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.

  • #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.

#7,962
in Finance & Insurance (8,549 peers)
-2.3%
assets change YoY
3.1×
vs typical plan assets (national mean)

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.

Cit Group, Inc. Retirement Plan's outsized position by total assets

Cit Group, Inc. Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$313,566,083 Top 4% higher than 96% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Cit Group, Inc. Retirement Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Cit Group, Inc. Retirement Plan sits mid-pack in the medium band (643 participants).

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.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 560223230 · First Citizens Bank & Trust Company PY 2024 · Defined Benefit (Pension)

Cit Group, Inc. Retirement Plan · $314M · 643 · 96th

  • ASSETS $314M
  • ASSETS 643
  • ASSETS 96th
  • ASSETS Defined Benefit (Pension)
  • ASSETS near Pension Plan for Employees of Hns Management Co Inc Represented by Atu
  • ASSETS ind #7962

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 North Carolina →

Cit Group, Inc. Retirement Plan in the asset neighbourhood

Wec Energy Group Retirement Plan for Pgl and NsgWec Energy Group Retirement …$314MPension Plan for Employees of Hns Management Co Inc Represented by AtuPension Plan for Employees o…$314MCit Group, Inc. Retirement PlanCit Group, Inc. Retirement P…$314MArthur J. Gallagher & Co. Employees' Pension PlanArthur J. Gallagher & Co. Em…$313MLexmark Retirement Growth Account PlanLexmark Retirement Growth Ac…$313M
End-of-year total assets ($M) among Cit Group, Inc. Retirement Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$321M
Net Assets (End of Year)$314M
Net Income-$7M
Employer EIN560223230
Plan Effective Date1990-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (First Citizens Bank & Trust Company)

Sponsor-wide plan assets over time

All First Citizens Bank & Trust Company plans reported in each filing year

Latest sponsor-wide plan assets
$4.7B 42.94084502286285% vs 2022
2024 filing year
$3B$3.5B$4B$4.5B$5B 202220232024 $3.29B $4.7B ▲ +42.9%
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 Scatter plot of 6 data points. -1000001000020000300004000050000 -505101520 Total assets ($B) Participants Cit Group, Inc. Retirement Plan, Total assets ($B): 0.313566083 · Participants: 643Cit Group, Inc. Retirement PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.577892612 · Participants: 9923Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.698665729 · Participants: 38548Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.678 · Participants: 13576Duke Energy Retirement Cash Balance PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.784844379 · Participants: 22655Employees' Retirement Plan of Duke UniversityThe Hearst Corporation Retirement Plan, Total assets ($B): 2.397551709 · Participants: 1745The Hearst Corporation Retirement Plan
Cit Group, Inc. Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Cit Group, Inc. Retirement Plan side-by-side with 3 peers →

Cit Group, Inc. Retirement Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Pension Plan for Employees of Hns Management Co Inc Represented by Atu in CT ($314M); by covered participants it is Iuoe Local 98 Pension Plan in MA (644 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (643 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Cit Group, Inc. Retirement Plan assets move in 2024? ▼
Cit Group, Inc. Retirement Plan edged down modestly - down 2.3% during 2024, from $321M to $314M. Reported net income was -$7M.
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 Cit Group, Inc. Retirement Plan rank by assets among Form 5500 filers? ▼
Cit Group, Inc. Retirement Plan ranks in the 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Cit Group, Inc. Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Pension Plan for Employees of Hns Management Co Inc Represented by Atu in CT ($314M, 1,013 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Cit Group, Inc. Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Iuoe Local 98 Pension Plan in MA (644 participants, $215M in assets).

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.