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: 15,787
- Total Assets: $2.7B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 15,787 | $2.7B | $157.9M | $154.3M |
| 2023 | 15,251 | $2.2B | $110.1M | $118.3M |
| 2022 | 5,777 | $1.6B | $36.8M | $39.7M |
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 | $566,431 | — | $566,431 |
| CHERRY BEKAERT | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $566,431
- Estimated Expense Ratio: 0.021% 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 | $566,432 | — | $3,000 | — | — |
| 2023 | $669,383 | — | $4,800 | — | — |
| 2022 | $458,647 | — | — | — | $1,800 |