First-Citizens Bank & Trust 401(k) and pension plans

First-Citizens Bank & Trust Company, Raleigh, NC. EIN 56-0223230. Annual reports 2009–2024. Also filed as First Citizens Bank and Trust Company Inc.; First Citizens Bank and Trust Company, Inc.; First Citizens Bank & Trust Company; Cit Group Inc.

First-Citizens Bank & Trust Company has 5 active retirement plans on file. The largest is the First-Citizens Bank & Trust Company 401(k) Plan, with 20,246 participants and $2.7 billion in assets in 2024. Fidelity has been its recordkeeper since 2023.

Active plans: 5
Participants: 30,745
Plan assets: $4.7 billion
401(k) recordkeeper: Fidelity
Plans on file: 5
Industry: Finance and insurance

All 5 plans

Active plans first

First-Citizens Bank & Trust Company 401(k) Plan

401(k)Active

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

Plan number: 003Employer EIN 56-0223230
Participants (2024): 20,246
Net assets (2024): $2.7 billion
Recordkeeper: FidelityEarlier: T. Rowe Price (2015–2022)
Plan administrator: First-Citizens Bank & Trust Company
4300 Six Forks Road
Raleigh, NC 27609
(919) 716-2768As filed for 2024
In effect since: January 1, 2008

Plans merged into this one: Cit Group, Inc. Savings Incentive Plan (2022).

Earlier plan names: The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Emp; The Enhanced Capital Accumulation Plan for the Emp Loyees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp; The Enhanced Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers Emp.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	20,246	$2.7 billion	Fidelity
2023	19,738	$2.2 billion	Fidelity
2022	8,842	$1.6 billion	T. Rowe Price
2021	8,113	$669 million	T. Rowe Price
2020	7,717	$545 million	T. Rowe Price
2019	7,884	$450 million	T. Rowe Price
2018	7,080	$340 million	T. Rowe Price
2017	7,011	$334 million	T. Rowe Price
2016	6,179	$263 million	T. Rowe Price
2015	5,920	$226 million	T. Rowe Price
2014	4,133	$155 million	not listed
2013	3,124	$133 million	not listed
2012	2,939	$103 million	not listed
2011	5,351	$82.1 million	not listed
2010	5,241	$68.8 million	not listed
2009	5,023	$48.3 million	not listed

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan

Pension (defined benefit)Active

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

Plan number: 001Employer EIN 56-0223230
Participants (2024): 4,492
Net assets (2024): $1.1 billion
Administered by: WTW2016–2024
Plan administrator: First-Citizens Bank & Trust Company
4300 Six Forks Road, P.O. Box 27131
Raleigh, NC 27609
(919) 716-7166As filed for 2024
In effect since: January 1, 1951

Earlier plan names: First-Citizens Bank & Trust Company & Adopting Related Employers Pension Plan.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	4,492	$1.1 billion	WTW
2023	4,558	$1.0 billion	WTW
2022	4,631	$897 million	WTW
2021	4,710	$1.1 billion	WTW
2020	4,802	$1.0 billion	WTW
2019	4,877	$798 million	WTW
2018	4,949	$691 million	WTW
2017	5,036	$764 million	WTW
2016	5,078	$601 million	WTW
2015	5,193	$550 million	not listed
2014	5,282	$545 million	not listed
2013	5,352	$524 million	not listed
2012	5,546	$463 million	not listed
2011	5,797	$430 million	not listed
2010	5,905	$433 million	not listed
2009	6,165	$387 million	not listed

Cit Group, Inc. Retirement Plan

Cash balance pension, frozenActive

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

Plan number: 005Employer EIN 56-0223230
Participants (2024): 3,432
Net assets (2024): $314 million
Administered by: FidelityEarlier: Conduent (2009)
Plan administrator: First Citizens Bank & Trust Company
4300 Six Forks Road, P.O. Box 27131
Raleigh, NC 27609
(917) 716-7166As filed for 2024
In effect since: January 1, 1990

Earlier sponsor: Cit Group Inc. (2009–2021).

Earlier plan names: Cit Group Inc. Retirement Plan; Cit Group Inc Retirement Plan.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	3,432	$314 million	Fidelity
2023	3,534	$321 million	not listed
2022	3,630	$316 million	not listed
2021	3,748	$388 million	not listed
2020	3,858	$409 million	not listed
2019	4,021	$383 million	not listed
2018	4,225	$336 million	not listed
2017	4,355	$378 million	not listed
2016	4,534	$349 million	not listed
2015	4,672	$338 million	not listed
2014	4,805	$359 million	not listed
2013	4,974	$351 million	not listed
2012	5,176	$329 million	not listed
2011	5,456	$314 million	not listed
2010	5,663	$312 million	not listed
2009	5,964	$259 million	Conduent

First Citizens Bank & Trust Company, Inc. Pension Plan

Pension (defined benefit)Active

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

Plan number: 004Employer EIN 56-0223230
Participants (2024): 1,443
Net assets (2024): $243 million
Administered by: WTW2016–2024
Plan administrator: First-Citizens Bank & Trust Company
4300 Six Forks Road, P.O. Box 27131
Raleigh, NC 27609
(919) 716-7166As filed for 2024
In effect since: January 1, 1970

Earlier plan names: First Citizens Pension Plan; First Citizens Bank and Trust Company, Inc. Pension Plan; First Citizens Bank & Trust Company, Inc. Pension.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	1,443	$243 million	WTW
2023	1,465	$232 million	WTW
2022	1,500	$201 million	WTW
2021	1,528	$247 million	WTW
2020	1,552	$227 million	WTW
2019	1,577	$179 million	WTW
2018	1,590	$154 million	WTW
2017	1,609	$169 million	WTW
2016	1,640	$152 million	WTW
2015	1,675	$151 million	not listed
2014	1,708	$156 million	not listed
2013	1,750	$141 million	not listed
2012	1,807	$113 million	not listed
2011	1,835	$105 million	not listed
2010	1,876	$99.6 million	not listed
2009	1,972	$83.7 million	not listed

First-Citizens Bank & Trust Company Legacy 401(k) Plan

401(k)Active

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

Plan number: 002Employer EIN 56-0223230
Participants (2024): 1,132
Net assets (2024): $363 million
Recordkeeper: FidelityEarlier: T. Rowe Price (2015–2022)
Plan administrator: First-Citizens Bank & Trust Company
4300 Six Forks Road
Raleigh, NC 27609
(919) 716-2768As filed for 2024
In effect since: July 1, 1984

Earlier plan names: The Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company & Adopting Related Employers; The Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers.

Year by year, 2009 to 2024

Plan year	Participants	Net assets	Recordkeeper
2024	1,132	$363 million	Fidelity
2023	1,227	$344 million	Fidelity
2022	1,358	$317 million	T. Rowe Price
2021	1,492	$397 million	T. Rowe Price
2020	1,620	$372 million	T. Rowe Price
2019	1,720	$345 million	T. Rowe Price
2018	1,829	$296 million	T. Rowe Price
2017	1,939	$323 million	T. Rowe Price
2016	2,103	$289 million	T. Rowe Price
2015	2,272	$285 million	T. Rowe Price
2014	1,856	$242 million	not listed
2013	2,017	$238 million	not listed
2012	2,244	$214 million	not listed
2011	5,546	$199 million	not listed
2010	5,599	$205 million	not listed
2009	5,496	$181 million	not listed

If you had money in one of these plans

Call Fidelity (fidelity.com), which runs the First-Citizens Bank & Trust Company 401(k) 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 ((919) 716-2768). 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 5 plans

First-Citizens Bank & Trust Company 401(k) Plan

First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan

Cit Group, Inc. Retirement Plan

First Citizens Bank & Trust Company, Inc. Pension Plan

First-Citizens Bank & Trust Company Legacy 401(k) Plan

If you had money in one of these plans

What these numbers are

Other finance and insurance employers in NC