First-Citizens Bank & Trust 401(k) match, vesting and fees
What First-Citizens Bank & Trust's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Cherry Bekaert (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 104 defined-contribution plans in finance and insurance with 10,000 to 49,999 participants.
| First-Citizens Bank & Trust: employer contribution per participant | $8,006 | |
| Peer median | $3,632 |
| First-Citizens Bank & Trust: average balance | $136,245 | |
| Peer median | $158,797 |
| First-Citizens Bank & Trust: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.04% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $2.2B at the end of plan year 2023 to $2.7B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 20,246 | $2.7B | $158M | $8,006 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 19,738 | $2.2B | $110M | $5,741 | 0.04% | Not published | Form 5500 ↗ |
Other First-Citizens Bank & Trust plans (4)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
First-Citizens Bank & Trust Company Legacy 401(k) Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Cherry Bekaert (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
First-Citizens Bank & Trust Company and Adopting Related Employers Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Willis Towers Watson US LLC | Schedule C ↗ |
| Independent auditor | Cherry Bekaert LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
First Citizens Bank & Trust Company, Inc. Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Willis Towers Watson US LLC | Schedule C ↗ |
| Independent auditor | Cherry Bekaert LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Cit Group, Inc. Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Cherry Bekaert LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does First-Citizens Bank & Trust match 401(k) contributions?
The match terms for the First-Citizens Bank & Trust Company 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $158M in employer contributions, about $8,006 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the First-Citizens Bank & Trust 401(k) match vested?
The vesting schedule for the First-Citizens Bank & Trust Company 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the First-Citizens Bank & Trust 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is First-Citizens Bank & Trust Company.
I left First-Citizens Bank & Trust. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (First-Citizens Bank & Trust Company, (919) 716-2768) or the recordkeeper, Fidelity Investments Institutional. The First-Citizens Bank & Trust old 401(k) page lists the contacts from every plan filing. Find an old First-Citizens Bank & Trust 401(k)
Data from the public Form 5500 annual reports First-Citizens Bank & Trust filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with First-Citizens Bank & Trust. Not financial advice. Report a correction · Methodology