Plan Snapshot
- Plan Sponsor: The Pnc Financial Services Group, INC.
- Sponsor EIN: 251435979
- Sponsor Address: 249 FIFTH AVENUE, PITTSBURGH, PA, 152222709
- Plan Type: DB
- Plan Number: 002
- Total Participants: 51,855
- Total Assets: $5.5B
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 | 51,855 | $5.5B | $0 | $0 |
| 2023 | 53,273 | $5.6B | $0 | $0 |
| 2022 | 55,039 | $5.4B | $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 |
|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | Recordkeeper | $4,812,344 | — | $4,812,344 |
| ABERDEEN ASSET MGT., INC. | Other Service Provider | $2,771,389 | — | $2,771,389 |
| MARATHON ASSET MANAGEMENT | Other Service Provider | $2,447,163 | — | $2,447,163 |
| BLACKROCK FINANCIAL MANAGEMENT, INC | Other Service Provider | $2,120,935 | — | $2,120,935 |
| PRUDENTIAL INVESTMENT MGT., INC. | Recordkeeper | $1,469,558 | — | $1,469,558 |
| PIMCO FUNDS | Other Service Provider | $1,165,231 | — | $1,165,231 |
| SHENKMAN CAPITAL MANAGEMENT, INC | Other Service Provider | $1,089,582 | — | $1,089,582 |
| CENTERSQUARE INVESTMENT MANAGEMENT | Other Service Provider | $1,087,651 | — | $1,087,651 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $930,889 | — | $930,889 |
| VAUGHAN NELSON INVESTMENT MGMT | Other Service Provider | $848,385 | — | $848,385 |
| AEW CAPITAL MANAGEMENT | Other Service Provider | $844,702 | — | $844,702 |
| CAMBRIDGE ASSOCIATES LLC | Other Service Provider | $590,625 | — | $590,625 |
| MACQUARIE GROUP | Other Service Provider | $517,316 | — | $517,316 |
| WILLIS TOWERS WATSON | Other Service Provider | $344,395 | — | $344,395 |
| PNC FINANCIAL SERVICES | Other Service Provider | $126,379 | — | $126,379 |
| MORGAN LEWIS AND BOCKIUS | ERISA Attorney | $91,260 | — | $91,260 |
| BAKER TILLY US, LLP | Auditor | $88,226 | — | $88,226 |
| METROPOLITAN LIFE INSURANCE | Other Service Provider | $43,474 | — | $43,474 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ALIGHT SOLUTIONS LLC — Recordkeeper
- PRUDENTIAL INVESTMENT MGT., INC. — Recordkeeper
- MORGAN LEWIS AND BOCKIUS — ERISA Attorney
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $21,389,504
- Estimated Expense Ratio: 0.387% 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 | $36,253,000 | $16,325,000 | — | $39,000 | — |
| 2023 | $33,268,000 | — | $33,268,000 | — | — |
| 2022 | $32,653,000 | — | $32,653,000 | — | — |