Plan Snapshot
- Plan Sponsor: Citizens Financial Group, INC.
- Sponsor EIN: 050412693
- Sponsor Address: ONE CITIZENS BANK WAY, JOHNSTON, RI, 02919
- Plan Type: DB
- Total Participants: 2,727
- Total Assets: $1.2B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,727 | $1.2B | $0 | $0 |
| 2023 | 2,962 | $1.1B | $0 | $0 |
| 2022 | 3,296 | $1.1B | $0 | $0 |
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 |
|---|---|---|---|---|
| TOWERS WATSON DELAWARE INC | Actuary | $1,000,278 | — | $1,000,278 |
| PACIFIC INVESTMENT MGMT CO. | Other Service Provider | $508,911 | — | $508,911 |
| PRUDENTIAL TRUST CO. | Other Service Provider | $390,732 | — | $390,732 |
| JENNISON | Other Service Provider | $241,306 | — | $241,306 |
| BANK OF NEW YORK MELLON | Custodian / Trustee | $174,982 | — | $174,982 |
| MERCER INVESTMENT CONSULTING LLC | Other Service Provider | $165,544 | — | $165,544 |
| BLACKROCK INSTITUTIONAL TRUST CO. | Other Service Provider | $137,022 | — | $137,022 |
| DELOITTE | Auditor | $131,324 | — | $131,324 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TOWERS WATSON DELAWARE INC — Actuary
- DELOITTE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,750,099
- Estimated Expense Ratio: 0.229% 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 | $3,962,313 | $1,503,723 | — | $131,324 | — |
| 2023 | $4,276,942 | $1,498,144 | — | $60,375 | — |
| 2022 | $3,733,571 | $871,785 | — | — | $1,782,133 |