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Original filing (PDF)20250930152137NAL0016644371001
CITIZENS FINANCIAL GROUP, INC.
Form 5500
FILING_RECEIVED
CFG PENSION PLAN
Defined-benefit pension plan
Signals · 3
44% in single holdingNo recordkeeper disclosed8 service providers
Active participants
2,727
Accounts w/ balance
—
Plan assets (EOY)
$1.2B
Net assets (EOY)
$1.2B
How this plan invests
This plan
7 pooled trusts
Schedule D
4 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
78
Total plan cost
65
Vendor stack
55
Participation health
100
Knocking points off
- Top holding "Managed Portfolios, Net" is 44% of plan.
- 23 bps in Schedule C fees — 358% above peer band of 5 bps.
- No recordkeeper disclosed on Schedule C.
- Plan is frozen (1I) — no new benefit accrual.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for CITIZENS FINANCIAL GROUP, INC..
Plan sponsor
Name
CITIZENS FINANCIAL GROUP, INC.
EIN
05-0412693
Address
ONE CITIZENS BANK WAY · JCC111 · JOHNSTON, RI · 02919
Phone
(401) 757-4715
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-09-30
Pension benefit codes
1A · Pay-related DB formula
1I · Frozen plan — no new benefit accrual
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
DELOITTE & TOUCHE LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsTrustee
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| BANK OF NEW YORK MELLON | 13-5160382 | — | TRUSTEE | $175K | — |
Accountant / Auditor
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| DELOITTE | 13-3891517 | — | AUDITOR | $131K | — |
Actuary
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| TOWERS WATSON DELAWARE INC | 53-0181291 | — | ACTUARY | $1.0M | — |
Other
5| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PACIFIC INVESTMENT MGMT CO. | 33-0629048 | — | INVEST. MGMT. | $509K | — |
| PRUDENTIAL TRUST CO. | 23-2189568 | — | INVEST. MGMT. | $391K | — |
| JENNISON | 23-6994310 | — | INVEST.MGMT | $241K | — |
| MERCER INVESTMENT CONSULTING LLC | 61-0736136 | — | INVEST. ADV. | $166K | — |
| BLACKROCK INSTITUTIONAL TRUST CO. | 94-3112180 | — | INVEST. MGMT. | $137K | — |
Investments
3 direct securities · 7 pooled funds· $1.3B(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$961.7M
7 holdings
Uncategorized
$303.9M
3 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| LONG CORP BOND INDEX NON-LENDABLE BLACKROCK INSTITUTIONAL TRUST CO · EIN 27-5374945 / PN 001 | Common Collective Trust | — | — | $207.7M | 17.3% | |
| BLACKROCK EQUITY INDEX NON-LENDABLE BLACKROCK INSTITUTIONAL TRUST CO · EIN 80-0300291 / PN 001 | Common Collective Trust | — | — | $188.5M | 15.7% | |
| Managed Portfolios, Net | — | — | $194.9M | $166.9M | 13.9% | |
| MFS INTERNATIONAL EQUITY CLASS 4 MFS HERITAGE TRUST COMPANY · EIN 57-1187281 / PN 013 | Common Collective Trust | — | — | $165.5M | 13.8% | |
| PRU US LONG DURATION CORP BD PRUDENTIAL TRUST CO · EIN 23-6994310 / PN 159 | Common Collective Trust | — | — | $163.8M | 13.6% | |
| FIDELITY GLOBAL LOW VOLATILITY EQUI FIDELITY INSTITUTIONAL ASSET MANAGEMENT · EIN 20-4659714 / PN 145 | Common Collective Trust | — | — | $96.6M | 8.0% | |
| ARTISAN SUSTAINABLE EMERGING MARKET ARTISAN PARTNERS · EIN 26-3653822 / PN 021 | Common Collective Trust | — | — | $80.8M | 6.7% | |
| Purchase SHORT TERM INVESTMENT FUNDS 76,000 — | — | — | — | $76.0M | 6.3% | |
| Sale FIDELITY INV MMKT TREAS 680 VAR RT 12/31/2049 DD 09/22/11 $— | — | — | $61.0M | $61.0M | 5.1% | |
| JENNISON SMALL/MID CAP EQUITY FUND JENNISON · EIN 23-6994310 / PN 232 | Common Collective Trust | — | — | $58.8M | 4.9% |