Citizens Financial Group 401(k) and pension plans

Citizens Financial Group, Inc., Johnston, RI. EIN 05-0412693. Annual reports 2009–2024. Also filed as RBS Citizens Financial Group, Inc.

Citizens Financial Group, Inc. has 3 active retirement plans on file. The largest is the CFG Retirement Savings Plan, with 25,795 participants and $3.2 billion in assets in 2024. Empower has been its recordkeeper since 2014.

Active plans: 3
Participants: 37,996
Plan assets: $4.6 billion
401(k) recordkeeper: Empower
Plans on file: 3
Industry: Finance and insurance

All 3 plans

Active plans first

CFG Retirement Savings Plan

401(k)Active

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 002Employer EIN 05-0412693
Participants (2024): 25,795
Net assets (2024): $3.2 billion
Recordkeeper: EmpowerEarlier: J.P. Morgan (2009–2013)
Plan administrator: Citizens Financial Group, Inc.
One Citizens Bank Way
Johnston, RI 07078
(973) 924-5422As filed for 2024
In effect since: January 1, 1978

Plans merged into this one: Investors Bank Employee 401(k) Plan (2022); Franklin American Mortgage Company 401(k) Plan (2018).

Earlier sponsor: RBS Citizens Financial Group, Inc. (2012–2013).

Earlier plan names: RBS Americas Retirement Savings Plan; Citizens Financial Group, Inc. Retirement Savings Plan.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	25,795	$3.2 billion	Empower
2023	26,647	$2.9 billion	Empower
2022	27,059	$2.5 billion	Empower
2021	24,909	$2.8 billion	Empower
2020	24,682	$2.5 billion	Empower
2019	24,771	$2.2 billion	Empower
2018	23,793	$1.8 billion	Empower
2017	23,802	$1.8 billion	Empower
2016	23,824	$1.5 billion	Empower
2015	28,591	$1.4 billion	Empower
2014	29,726	$1.4 billion	Empower
2013	32,286	$2.0 billion	J.P. Morgan
2012	32,685	$1.7 billion	J.P. Morgan
2011	33,897	$1.5 billion	J.P. Morgan
2010	34,028	$1.4 billion	J.P. Morgan
2009	32,824	$1.2 billion	J.P. Morgan

CFG Pension Plan

Pension (defined benefit), frozenActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 001Employer EIN 05-0412693
Participants (2024): 11,051
Net assets (2024): $1.2 billion
Last listed administrator: WTW2011–2020
Plan administrator: Citizens Financial Group, Inc.
One Citizens Bank Way, JCC111
Johnston, RI 02919
(401) 757-4715As filed for 2024
In effect since: March 23, 1961

Earlier sponsor: RBS Citizens Financial Group, Inc. (2012).

Earlier plan names: RBS Americas Pension Plan.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	11,051	$1.2 billion	not listed
2023	11,406	$1.1 billion	not listed
2022	11,753	$1.1 billion	not listed
2021	12,134	$1.4 billion	not listed
2020	12,529	$1.3 billion	WTW
2019	13,002	$1.2 billion	WTW
2018	13,409	$1.1 billion	WTW
2017	13,781	$1.2 billion	WTW
2016	14,335	$1.0 billion	WTW
2015	14,938	$992 million	WTW
2014	15,835	$1.0 billion	WTW
2013	18,859	$1.0 billion	WTW
2012	20,043	$1.0 billion	WTW
2011	26,462	$1.1 billion	WTW
2010	28,509	$975 million	not listed
2009	30,892	$930 million	not listed

Investors Bank Pension Plan

Pension (defined benefit), frozenActive

Active. The plan filed its annual report for the 2024 plan year.

Plan number: 014Employer EIN 05-0412693
Participants (2024): 1,150
Net assets (2024): $146 million
Plan administrator: Citizens Financial Group, Inc.
One Citizens Bank Way, JCC111
Johnston, RI 02919
(401) 757-4715As filed for 2024
In effect since: July 1, 2022

Year by year, 2022 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	1,150	$146 million	not listed
2023	1,264	$140 million	not listed
2022	1,329	$134 million	not listed

If you had money in one of these plans

Call Empower (empower.com), which runs the CFG Retirement Savings Plan. With your Social Security number and the plan name, it can tell you whether you still have a balance and, if not, where it went.
Or call the plan administrator listed on the plan below ((973) 924-5422). That number was filed for 2024; ask for the benefits or retirement plan office.
Still stuck? The Department of Labor's benefits advisers help for free: askebsa.dol.gov or 1-866-444-3272. Never pay anyone to find your own money.

What these numbers are

They come from the Form 5500 annual reports each plan files with the Department of Labor, as the plan filed them. A plan year is usually a calendar year.
Participants counts everyone in the plan at year end: current employees, former employees who still have a balance or a pension coming, and retirees or beneficiaries being paid.
The recordkeeper is the service provider whose Schedule C entry says it keeps the plan's records. Small plans do not file Schedule C, so some plans show none.
We cannot see anyone's account. Only the plan or its recordkeeper can tell you your balance.

Sources: U.S. Department of Labor, Form 5500 datasets and PBGC trusteed plans. How we read them.

All 3 plans

CFG Retirement Savings Plan

CFG Pension Plan

Investors Bank Pension Plan

If you had money in one of these plans

What these numbers are

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