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: 597
- Total Assets: $313.6M
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 | 597 | $313.6M | $0 | $0 |
| 2023 | 643 | $321.0M | $0 | $0 |
| 2022 | 685 | $315.8M | $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 |
|---|---|---|---|---|
| CHERRY BEKAERT LLP | Auditor | $21,000 | — | $21,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,000
- Estimated Expense Ratio: 0.007% 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 | $795,788 | $313,403 | $264,885 | $21,000 | — |
| 2023 | $488,291 | $141,468 | $149,340 | $28,000 | — |
| 2022 | $123,789 | $123,789 | — | — | — |