First-Citizens Bank & Trust Company
60
Plan:
22
70
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 28 point difference between this plan's BrightScope Rating (60) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
15 additional years of work Up to $187,600 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
The Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 60. This plan is in the top 15% of plans for Account Balances and Total Plan Cost. The Capital Accumulation Plan for the Employees of First-Citizens Bank & Trust Company and Adopting Related Employers currently has over 5,500 active participants and over $204.6M in plan assets.
Retirement Plan Details
| Address |
P.O. Box 29522
Raleigh, NC 27626-0522 |
| Industry | Commercial Banking |
| Administrator | Ken Black |
| Net Plan Assets | $205,000,000 |
| Total Participants | 5,600 |
| Avg Account Balance | $37,000 |
Compare Other Companies in Peer Group
| Arvest Bank Group | 73.4 |
| Webster Financial | 73.0 |
| Bank of Oklahoma, N.A. | 72.7 |
| State Employees Credit Union | 71.8 |
| First Niagara Financial Group | 67.5 |
| Michigan Credit Union League | 57.0 |
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