Employers › Citizens Financial Group
Recordkeeping fees per participant · CFG Retirement Savings Plan · plan year 2024
$0.35
Higher than 1% of the 790 plans over $1B that report it.
= $8,384 / 23,881
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250930144855NAL0012421393001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930144855NAL0012421393001, received 2025-09-30
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-30.
Administrative expenses excluding investment management, per participant
$3.37
Higher than 3% of the 1,045 plans over $1B that report it.
= $80,405 / 23,881
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930144855NAL0012421393001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930144855NAL0012421393001, received 2025-09-30
Administrative expenses per participant
$74.26
Higher than 53% of the 1,076 plans over $1B that report it.
= $1,773,491 / 23,881
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930144855NAL0012421393001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930144855NAL0012421393001, received 2025-09-30
Administrative expenses as a share of assets
0.055%
Higher than 59% of the 1,076 plans over $1B that report it.
= $1,773,491 / $3,249,944,772
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930144855NAL0012421393001, received 2025-09-30
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930144855NAL0012421393001, received 2025-09-30
Employer contributions per participant
$3,571
Higher than 47% of the 1,135 plans over $1B that report it.
= $85,289,218 / 23,881
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930144855NAL0012421393001, received 2025-09-30
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930144855NAL0012421393001, received 2025-09-30
Employer share of total contributions
34.3%
Higher than 54% of the 1,135 plans over $1B that report it.
= $85,289,218 / $248,501,304
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930144855NAL0012421393001, received 2025-09-30
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930144855NAL0012421393001, received 2025-09-30
Employer match
“The Company sponsors a 401(k) Plan under which employee contributions are matched by the Company dollar for dollar up to 4% after the employee completes of one year of service.”
Form 10-K filed 2026-02-12, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250930144855NAL0012421393001, received 2025-09-30
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CITIZENS FINANCIAL GROUP, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Plan name | CFG RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Sponsor EIN / plan number | 05-0412693 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Sponsor location | JOHNSTON, RI | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Filing received | 2025-09-30 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Participants, beginning of year | 26,647 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Active participants | 17,701 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Participants, end of year | 25,795 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Participants with an account balance | 23,881 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Total assets, beginning of year | $2,930,113,664 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Total assets, end of year | $3,249,944,772 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Net assets, end of year | $3,249,746,010 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Total income | $679,564,710 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Net income | $319,840,967 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Employer contributions | $85,289,218 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Participant contributions | $132,337,115 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Other contributions (incl. rollovers) | $30,874,971 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Total contributions | $248,501,304 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Benefit payments | $356,869,038 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Total expenses (incl. benefit payments) | $359,723,743 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Total administrative expenses | $1,773,491 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Recordkeeping fees | $8,384 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| IQPA audit fees | $67,821 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Investment advisory and management fees | $1,693,086 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Administrative expenses excluding investment management | $80,405 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Held in common/collective trusts | $3,064,214,796 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Held in mutual funds | $6,523,793 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250930144855NAL0012421393001, received 2025-09-30 |
| Independent auditor | DELOITTE AND TOUCHE LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250930144855NAL0012421393001, received 2025-09-30 |
Position = column in the DOL layout for form year 2024. Filing 20250930144855NAL0012421393001, received 2025-09-30.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | 28 Investment management; 26 Investment advisory (participants); 50 Direct payment from the plan | $1,508,239 | no |
| EMPOWER ANNUITY INSURANCE COMPANYrecordkeeper | NONE | 64 Recordkeeping fees; 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan | $946,728 | yes |
| MERCER INVESTMENT CONSULTING INC | NONE | 99 Other fees; 27 Investment advisory (plan); 50 Direct payment from the plan | $107,678 | no |
| WILLIS TOWERS WATSON US LLC | NONE | 99 Other fees | $86,200 | no |
| DELOITTE & TOUCHE LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $67,821 | no |
| EMPOWER FINANCIAL SERVICES, INC. | NONE | 33 Securities brokerage | $5,260 | no |
| QDRO CONSULTANTS COMPANY, LLC | NONE | 99 Other fees; 16 Consulting (general); 50 Direct payment from the plan | $4,200 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250930144855NAL0012421393001, received 2025-09-30.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $2,930,113,664 | $3,249,944,772 | 10.9% |
| Participants with a balance | 24,530 | 23,881 | -2.6% |
| Administrative expenses | $2,134,131 | $1,773,491 | -16.9% |
| Recordkeeping fees per participant | $22.48 | $0.35 | -98.4% |
| Employer contributions | $82,306,230 | $85,289,218 | 3.6% |
Prior filing 20240925111010NAL0028904994001, received 2024-09-25; the plan years are contiguous.
Sponsor name as filed: CITIZENS FINANCIAL GROUP, INC.; SEC registrant: CITIZENS FINANCIAL GROUP INC/RI (CIK 759944, matched by EIN).