# First-Citizens Bank & Trust Company 401(k) Plan
Source: https://planprovider.pro/companies/first-citizens-bank-trust-company-401k-plan-003

> First-Citizens Bank & Trust Company's 401(k) plan: 15,787 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:** 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](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:** $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|

## Similar Plans

- [First Bancorp](https://planprovider.pro/companies/first-bancorp-401k-plan) — 1,396 participants

- [Live Oak Banking Company](https://planprovider.pro/companies/live-oak-banking-company-401k-plan) — 1,037 participants

- [First-Citizens Bank & Trust Company](https://planprovider.pro/companies/first-citizens-bank-trust-company-plan-001) — 861 participants

- [First-Citizens Bank & Trust Company](https://planprovider.pro/companies/first-citizens-bank-trust-company-401k-plan-002) — 669 participants

- [The Fidelity Bank](https://planprovider.pro/companies/the-fidelity-bank-401k-plan-003) — 509 participants

- [Southern Bank And Trust Company](https://planprovider.pro/companies/southern-bank-and-trust-company-plan-003) — 466 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/first-citizens-bank-trust-company-401k-plan-003)

© 2026 PlanProvider.Pro