# First-Citizens Bank & Trust Company DB Plan
Source: https://planprovider.pro/companies/first-citizens-bank-trust-company-plan-004

> First-Citizens Bank & Trust Company's DB plan: 243 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, 276095718

- **Plan Type:** DB

- **Total Participants:** 243

- **Total Assets:** $243.2M

## 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|243|$243.2M|$0|$0|

| 2023|266|$231.6M|$0|$0|

| 2022|288|$201.3M|$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|

| WILLIS TOWERS WATSON US LLC|NONE|$164,481|—|$164,481|

| BLACKROCK ADVISORS, LLC|NONE|$101,825|—|$101,825|

| CHERRY BEKAERT LLP|NONE|$21,000|—|$21,000|

### Verified Provider Profiles

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

- [WILLIS TOWERS WATSON US LLC](https://planprovider.pro/provider/lincoln-financial-group) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $287,306

- **Estimated Expense Ratio:** 0.118% 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|$287,605|—|$84,764|$21,000|—|

| 2023|$190,799|—|—|$20,000|—|

| 2022|$179,534|—|—|—|$179,534|

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