Cit Group, Inc. Retirement Plan — Form 5500 plan (First Citizens Bank & Trust Company)
Plain-English plan 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, Cit Group, Inc. Retirement Plan is a benefit plan reported by First Citizens Bank & Trust Company under EIN 56-0223230 and plan number 005. The latest loaded filing year is 2023. The filing reports 3,630 participants and $320,976,920 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- First Citizens Bank & Trust Company
- EIN
- 56-0223230
- Plan number
- 005
- Plan type
- 2
- Location
- Raleigh, NC
- Latest filing year
- 2023
- Participants
- 3,630
- End-of-year plan assets
- $320,976,920
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,630 | H, C | 20250103122205NAL0003682449001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $320,976,920
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $320,976,920
- Net assets (BOY)
- $315,812,942
Income & contributions
- Total contributions
- $0
- Total income / additions
- $25,250,019
Expenses & distributions
- Benefits paid
- $19,597,750
- Administrative expenses
- $488,291
- Total expenses
- $20,086,041
- Net increase / (decrease)
- $5,163,978
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | NONE | $149,340 | $0 | 2023 |
| Northern Trust Company | TRUSTEE | $113,233 | $0 | 2023 |
| Blackrock | NONE | $72,703 | $0 | 2023 |
| Mercer | NONE | $68,765 | $0 | 2023 |
| Willis Towers Watson Us LLC | NONE | $56,250 | not reported in the loaded dataset | 2023 |
| Cherry Bekaert Llp | NONE | $28,000 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for First Citizens Bank & Trust Company
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Raleigh, NC
- Fidelity Investments Institutional — Schedule C compensation
- Northern Trust Company — Schedule C compensation
- Blackrock — Schedule C compensation
- Mercer — Schedule C compensation
- Willis Towers Watson Us LLC — Schedule C compensation
- Cherry Bekaert Llp — Schedule C compensation