2023 Form 5500 filing — First-Citizens Bank & Trust Company 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20250307123818NAL0006147907001) for First-Citizens Bank & Trust Company 401(K) Plan, reported by First-Citizens Bank & Trust Company under EIN 56-0223230 and plan number 003. It reports 8,842 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250307123818NAL0006147907001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- First-Citizens Bank & Trust Company
- EIN
- 56-0223230
- Plan number
- 003
- Location
- Raleigh, NC
- Participants
- 8,842
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,186,576,973
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $2,186,576,973
- Employer contributions
- $110,136,951
- Participant contributions
- $118,317,917
- Total income / additions
- $789,936,676
- Benefits paid
- $158,203,381
- Administrative expenses
- $669,383
- Total expenses
- $158,936,238
- Net increase / (decrease)
- $631,000,438
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $434,429 | $0 |