Plan Snapshot
- Plan Sponsor: First-Citizens Bank & Trust Company
- Sponsor EIN: 560223230
- Sponsor Address: 4300 SIX FORKS ROAD, RALEIGH, NC, 276095718
- Plan Type: DB
- Total Participants: 861
- Total Assets: $1.1B
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 | 861 | $1.1B | $0 | $0 |
| 2023 | 950 | $1.0B | $0 | $0 |
| 2022 | 1,030 | $897.5M | $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 |
|---|---|---|---|---|
| BLACKROCK ADVISORS, LLC | NONE | $738,762 | — | $738,762 |
| WILLIS TOWERS WATSON US LLC | NONE | $497,075 | — | $497,075 |
| CHERRY BEKAERT LLP | NONE | $31,500 | — | $31,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,267,337
- Estimated Expense Ratio: 0.116% 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 | $1,267,337 | — | $366,057 | $31,500 | — |
| 2023 | $589,636 | — | — | $32,000 | — |
| 2022 | $576,855 | — | — | — | $576,855 |