# First-Citizens Bank & Trust Company 401(k) Plan
Source: https://planprovider.pro/companies/first-citizens-bank-trust-company-401k-plan-002

> First-Citizens Bank & Trust Company's 401(k) plan: 669 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** First-Citizens Bank & Trust Company

- **Sponsor EIN:** 560223230

- **Sponsor Address:** 4300 SIX FORKS ROAD, RALEIGH, NC, 27609

- **Plan Type:** 401(k)

- **Total Participants:** 669

- **Total Assets:** $363.3M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **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|669|$363.3M|$3.2M|$6.9M|

| 2023|753|$343.6M|$3.4M|$7.2M|

| 2022|832|$316.8M|$3.4M|$7.3M|

## 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|

| FIDELITY INVESTMENTS INSTITUTIONAL|RECORDKEEPER|$11,418|—|$11,418|

| CHERRY BEKAERT|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $11,418

- **Estimated Expense Ratio:** 0.003% 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|$11,418|—|—|—|—|

| 2023|$17,495|—|—|—|—|

| 2022|$84,452|—|—|—|$900|

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