2023 Form 5500 filing — Cfg Retirement Savings Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240925111010NAL0028904994001) for Cfg Retirement Savings Plan, reported by Citizens Financial Group, Inc. under EIN 05-0412693 and plan number 002. It reports 27,059 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240925111010NAL0028904994001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Citizens Financial Group, Inc.
- EIN
- 05-0412693
- Plan number
- 002
- Location
- Johnston, RI
- Participants
- 27,059
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,930,113,664
- Total liabilities (EOY)
- $208,621
- Net assets (EOY)
- $2,929,905,043
- Employer contributions
- $82,306,230
- Participant contributions
- $132,632,753
- Total income / additions
- $715,881,780
- Benefits paid
- $286,422,835
- Administrative expenses
- $2,134,131
- Total expenses
- $290,214,532
- Net increase / (decrease)
- $425,667,248
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | NONE | $1,494,433 | $0 |
| Empower Advisory Group, LLC | NONE | $1,293,359 | not reported in the loaded dataset |
| Mercer Investment Consulting Inc | NONE | $103,750 | not reported in the loaded dataset |
| Willis Towers Watson Us LLC | NONE | $68,775 | not reported in the loaded dataset |
| Deloitte & Touche Llp | NONE | $63,000 | not reported in the loaded dataset |
| Sobel And Co LLC Cpa | NONE | $32,000 | not reported in the loaded dataset |
| Cliftonlarsonallen Llp | NONE | $26,885 | not reported in the loaded dataset |
| Qdro Consultants | NONE | $4,800 | not reported in the loaded dataset |