401(k) · DOL Form 5500 · 2024

The PNC Financial Services Group, Inc. 401(k) Plan

Data updated 2026-08-25

$10.2B
Total assets Mega-plan scale
54,604
Participants Very large workforce
100th
Percentile by assets National rank
$186,610
Avg per participant Above avg balance/head
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Official DOL plan name: The PNC Financial Services Group, Inc. Incentive Savings Plan · Sponsored by The PNC Financial Services Group, Inc. · Pennsylvania · Finance & Insurance

$10.2B in assets, 54,604 participants

The PNC Financial Services Group, Inc.'s The PNC Financial Services Group, Inc. Incentive Savings Plan reported $10.2B in total assets and 54,604 participants in its 2024 DOL Form 5500 filing, ranking in the 100th 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.

  • #8,527 in Finance & Insurance (8,549 peers)

Coverage in Pennsylvania

The PNC Financial Services Group, Inc. Incentive Savings Plan covers 54,604 participants in Pennsylvania, 66x the typical Pennsylvania plan (state average ~822 per filing). Assets: $10.2B.

#8,527
in Finance & Insurance (8,549 peers)
+9.1%
assets growth YoY
102×
vs typical plan assets (national mean)

The PNC Financial Services Group, Inc. Incentive Savings Plan's outsized position by total assets

The PNC Financial Services Group, Inc. Incentive Savings Plan vs every filed plan by assets

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

$10,189,629,000 Highest reported value at or above every one 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

The PNC Financial Services Group, Inc. Incentive Savings Plan's mega-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The PNC Financial Services Group, Inc. Incentive Savings Plan is a mega filing (54,604 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • The PNC Financial Services Group, Inc. Incentive Savings Plan reported net income fell from $1.2B in the plan year 2023 filing to $850M in the plan year 2024 filing.
  • The PNC Financial Services Group, Inc. Incentive Savings Plan reported participants fell from 61,697 in the plan year 2023 filing to 54,604 in the plan year 2024 filing.
  • The PNC Financial Services Group, Inc. Incentive Savings Plan end-of-year assets rose from $9.3B in the plan year 2023 filing to $10.2B in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 251435979 · The PNC Financial Services Group, Inc. PY 2024 · 401(k)

The PNC Financial Services Group, Inc. Incentive Savings Plan · $10.2B · 54,604 · 100th

  • TYPE $10.2B
  • TYPE 54,604
  • TYPE 100th
  • TYPE 401(k)
  • TYPE near Ubs 401(k) Plan Trust
  • TYPE ind #8527

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 Pennsylvania →

The PNC Financial Services Group, Inc. Incentive Savings Plan in the asset neighbourhood

United Airlines 401(k) Savings PlanUnited Airlines 401(k) Savin…$10.3BHp Inc. 401(k) Plan$10.3BUbs 401(k) Plan Trust$10.2BThe PNC Financial Services Group, Inc. Incentive Savings PlanThe PNC Financial Services G…$10.2B401(k) Savings Plan$10.1B
End-of-year total assets ($B) among The PNC Financial Services Group, Inc. Incentive Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$9.3B
Net Assets (End of Year)$10.2B
Net Income$850M
Employer EIN251435979
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The PNC Financial Services Group, Inc.)

Sponsor-wide plan assets over time

All The PNC Financial Services Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$15.7B 16.26505244329938% vs 2022
2024 filing year
$13B$14B$15B$16B 202220232024 $13.5B $15.7B ▲ +16.3%
Year Plans Participants Total Assets
2022 2 123,182 $13.5B
2023 2 125,377 $15.0B
2024 2 113,383 $15.7B

Nearby 401(k) Plans in Pennsylvania

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

The PNC Financial Services Group, Inc. Incentive Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 510152025 Total assets ($B) Participants The PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 10.189629 · Participants: 54604The PNC Financial Services Group, Inc. Incentive Savings PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 19.687957793 · Participants: 90495Comcast Corporation Retirement - Investment PlanThe Cigna Group 401(k) Plan, Total assets ($B): 14.20308608 · Participants: 63634The Cigna Group 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 11.084818612 · Participants: 18066The Vanguard Retirement and Savings PlanThermo Fisher Scientific Inc. 401(k) Retirement Plan, Total assets ($B): 10.263366209 · Participants: 36150Thermo Fisher Scientific Inc. 401(k) Retirement PlanThe Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 9.909165024 · Participants: 24183The Bank of New York Mellon Corporation 401(k) Savings Plan
The PNC Financial Services Group, Inc. Incentive Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare The PNC Financial Services Group, Inc. Incentive Savings Plan side-by-side with 3 peers →

Scale composition for The PNC Financial Services Group, Inc. Incentive Savings Plan

The PNC Financial Services Group, Inc. Incentive Savings Plan reports $10.2B in end-of-year assets across 54,604 participants (0.083% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.058% of 93,925,755 covered participants) - about $186,610 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2024 was $850M.

This plan identity (EIN 251435979, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $8.1B to $10.2B (+25.5%) while covered participants moved from 59,451 to 54,604 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 59,451 $8.1B Open filing
2023 61,697 $9.3B Open filing
2024 · index core 54,604 $10.2B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

The PNC Financial Services Group, Inc. Incentive Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Ubs 401(k) Plan Trust in NJ ($10.2B); by covered participants it is Banner Health Employees 401(k) Plan in AZ (54,731 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10.2B here).

Similar participant headcount

Nearest other-state filings by covered participants (54,604 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 The PNC Financial Services Group, Inc. Incentive Savings Plan assets move in 2024? ▼
The PNC Financial Services Group, Inc. Incentive Savings Plan grew at a solid clip - up 9.1% during 2024, from $9.3B to $10.2B. Reported net income was $850M.
How have The PNC Financial Services Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The PNC Financial Services Group, Inc.'s sponsor-wide assets grew 16.3%, from $13.5B to $15.7B.
Where does The PNC Financial Services Group, Inc. Incentive Savings Plan rank by assets among Form 5500 filers? ▼
The PNC Financial Services Group, Inc. Incentive Savings Plan ranks in the 100th percentile by end-of-year assets among 123,622 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 The PNC Financial Services Group, Inc. Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ubs 401(k) Plan Trust in NJ ($10.2B, 21,350 participants).
Which 401(k) plans cover a similar participant headcount to The PNC Financial Services Group, Inc. Incentive Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Banner Health Employees 401(k) Plan in AZ (54,731 participants, $4.9B 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 251435979.

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.