Plan Snapshot
- Plan Sponsor: Citizens Financial Group, INC.
- Sponsor EIN: 050412693
- Sponsor Address: ONE CITIZENS BANK WAY, JOHNSTON, RI, 07078
- Plan Type: 401(k)
- Total Participants: 17,701
- Total Assets: $3.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 17,701 | $3.2B | $85.3M | $132.3M |
| 2023 | 17,893 | $2.9B | $82.3M | $132.6M |
| 2022 | 19,047 | $2.5B | $79.2M | $126.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| DELOITTE AND TOUCHE LLP | Auditor | $67,821 | — | $67,821 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DELOITTE AND TOUCHE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,821
- Estimated Expense Ratio: 0.002% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,773,491 | $1,693,086 | — | $67,821 | — |
| 2023 | $2,134,131 | $1,398,359 | — | $121,885 | — |
| 2022 | $2,055,514 | $1,418,284 | — | — | $94,800 |