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Original filing (PDF)20251015111601NAL0005902896001
THE PNC FINANCIAL SERVICES GROUP, INC.
Form 5500
FILING_RECEIVED
THE PNC FINANCIAL SERVICES GROUP, INC. PENSION PLAN
Defined-benefit pension plan
Signals · 3
99% in single holdingNo recordkeeper disclosed18 service providers
Active participants
51,855
Accounts w/ balance
—
Plan assets (EOY)
$5.5B
Net assets (EOY)
$5.5B
How this plan invests
This plan
14 pooled trusts
Schedule D
82 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 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
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Assets held by The Bank of New York Mellon, N.A." is 99% of plan.
- 39 bps in Schedule C fees — 674% above peer band of 5 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for THE PNC FINANCIAL SERVICES GROUP, INC..
Plan sponsor
Name
THE PNC FINANCIAL SERVICES GROUP, INC.
EIN
25-1435979
Address
249 FIFTH AVENUE · 21ST FLOOR, P-1-POPP-21-B · PITTSBURGH, PA · 152222709
Phone
(412) 807-6258
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Name
THE PNC FINANCIAL SERVICES GROUP, INC. ADMINISTRATIVE COMMITTEE
EIN
25-1435979
City
PITTSBURGH, PA
Phone
(412) 807-6258
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
1A · Pay-related DB formula
1C · Cash balance or similar hybrid DB
Audit & trust (Schedule H)
Auditor
BAKER TILLY US, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
18 rowsOther
18| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ALIGHT SOLUTIONS LLC | 82-1061233 | — | NONE | $4.8M | — |
| ABERDEEN ASSET MGT., INC. | 51-0368279 | — | NONE | $2.8M | — |
| MARATHON ASSET MANAGEMENT | — | — | NONE | $2.4M | — |
| BLACKROCK FINANCIAL MANAGEMENT, INC | — | BOSTON, MA | NONE | $2.1M | — |
| PRUDENTIAL INVESTMENT MGT., INC. | 22-2540245 | — | NONE | $1.5M | — |
| PIMCO FUNDS | 95-2632339 | — | NONE | $1.2M | — |
| SHENKMAN CAPITAL MANAGEMENT, INC | 13-3280361 | — | NONE | $1.1M | — |
| CENTERSQUARE INVESTMENT MANAGEMENT | 23-2817243 | — | NONE | $1.1M | — |
| THE BANK OF NEW YORK MELLON | 13-5160382 | — | NONE | $931K | — |
| VAUGHAN NELSON INVESTMENT MGMT | 04-3304963 | — | NONE | $848K | — |
| AEW CAPITAL MANAGEMENT | 04-3329433 | — | NONE | $845K | — |
| CAMBRIDGE ASSOCIATES LLC | — | BOSTON, MA | NONE | $591K | — |
| MACQUARIE GROUP | — | — | NONE | $517K | — |
| WILLIS TOWERS WATSON | 23-1159360 | — | NONE | $344K | — |
| PNC FINANCIAL SERVICES | 25-1435979 | — | PLAN SPONSER | $126K | — |
| MORGAN LEWIS AND BOCKIUS | — | CHICAGO, IL | NONE | $91K | — |
| BAKER TILLY US, LLP | 30-1413443 | — | NONE | $88K | — |
| METROPOLITAN LIFE INSURANCE | — | WICHITA, KS | NONE | $43K | — |
Investments
82 direct securities · 14 pooled funds· $7.9B(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.
Uncategorized
$5.5B
82 holdings
Common Collective Trust
$2.4B
14 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Assets held by The Bank of New York Mellon, N.A. | — | — | $4.5B | $5.5B | 99.1% | |
| BGI EQUITY INDEX FUND A BLACKROCK INSTL TRUST COMPANY N.A. · EIN 94-6052285 / PN 001 | Common Collective Trust | — | — | $384.5M | 7.0% | |
| MARATHON-LONDON INTL FD GROUP TRUST MARATHON ASSETS MANAGEMENT · EIN 61-6506892 / PN 001 | Common Collective Trust | — | — | $344.0M | 6.2% | |
| ABERDEEN EMERGING MARKETS EQUITY FD ABERDEEN ASSET MANAGENET, INC · EIN 36-7180580 / PN 001 | Common Collective Trust | — | — | $244.2M | 4.4% | |
| BLACKROCK IND MTG BD BLACKROCK INSTL TRUST COMPANY N.A. · EIN 94-6581672 / PN 001 | Common Collective Trust | — | — | $239.5M | 4.3% | |
| ACWI EX-US SUPERFUND BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A. · EIN 94-3321088 / PN 001 | Common Collective Trust | — | — | $202.4M | 3.7% | |
| RUSSELL MIDCAP INDEX FUND C BLACKROCK INSTL TRUST COMPANY N.A. · EIN 83-1809892 / PN 001 | Common Collective Trust | — | — | $181.4M | 3.3% | |
| ABERDEEN EAFE PLUS FUND ABERDEEN ASSET MANAGEMENT, INC · EIN 36-0711678 / PN 001 | Common Collective Trust | — | — | $166.4M | 3.0% | |
| BGI RUSSELL 1000 VALUE BLACKROCK EQ INDEX · EIN 94-3405569 / PN 001 | Common Collective Trust | — | — | $164.1M | 3.0% | |
| URDANG GLOBAL REAL ESTATE FD THE BANK OF NEW YORK MELLON · EIN 13-6154008 / PN 073 | Common Collective Trust | — | — | $129.2M | 2.3% | |
| PRISA PRUDENTIAL REAL ESTATE PRUDENTIAL RE INV · EIN 22-1211670 / PN 038 | Common Collective Trust | — | — | $93.5M | 1.7% | |
| AEW CORE PROPERTY TRUST AEW CORE PROP TRUST · EIN 26-0557406 / PN 000 | Common Collective Trust | — | — | $93.3M | 1.7% | |
| 20+ TREASURY BOND INDEX FUND BLACKROCK INSTL TRUST COMPANY N.A. · EIN 94-6596957 / PN 001 | Common Collective Trust | — | — | $77.9M | 1.4% | |
| Warburg Pincus Global Growth Fund | — | — | $33.0M | $61.5M | 1.1% | |
| Warburg Pincus Global Growth 14 LP | — | — | $38.9M | $49.4M | 0.9% | |
| US INTER TREASURY INDEX FUND BLACKROCK INSTL TRUST COMPANY N.A. · EIN 83-1849379 / PN 001 | Common Collective Trust | — | — | $45.3M | 0.8% | |
| Ridgemont Equity Partners Fund IV | — | — | $38.4M | $44.8M | 0.8% | |
| General Atlantic Investment Fund | — | — | $33.1M | $43.0M | 0.8% | |
| Mason Wells Buyout Fund IV | — | — | $15.6M | $40.1M | 0.7% | |
| Adams Street Partnership Fund - 2012 Global | — | — | $14.6M | $34.4M | 0.6% | |
| K1 Opportunities Fund | — | — | $8.9M | $30.5M | 0.6% | |
| Vista Equity Partners Fund V | — | — | $12.8M | $29.4M | 0.5% | |
| Warburg Pincus Finanical Sector II Fund | — | — | $15.1M | $28.3M | 0.5% | |
| Riverside Micro-Cap Fund VI LP | — | — | $27.0M | $27.3M | 0.5% | |
| HIG Whitehorse Principal Lending Fund | — | — | $33.7M | $27.2M | 0.5% | |
| Riverside Strategic Capital Fund A | — | — | $26.2M | $26.2M | 0.5% | |
| Warburg Pincus Finanical Sector Fund | — | — | $13.5M | $25.7M | 0.5% | |
| HIG Whitehorse Direct Lending 2020 Fund | — | — | $27.6M | $25.5M | 0.5% | |
| Assets held by PNC Institutional Investments | — | — | $24.6M | $24.6M | 0.4% | |
| Berkshire Fund IX LP | — | — | $12.4M | $23.5M | 0.4% | |
| K5 Private Investors | — | — | $16.9M | $22.9M | 0.4% | |
| Eagle Point Credit Non-US LP | — | — | $20.0M | $22.3M | 0.4% | |
| Shenkman CBO Oppurtunity Fund Cayman I LP | — | — | $20.6M | $21.4M | 0.4% | |
| Oaktree Capital Management Opportunities Fund X-B | — | — | $10.7M | $20.0M | 0.4% | |
| K4 Private Investors | — | — | $8.2M | $18.1M | 0.3% | |
| CICF CLO Opportunity Fund IV | — | — | $12.7M | $15.6M | 0.3% | |
| Advent International Equity Fund X - C | — | — | $13.0M | $15.1M | 0.3% | |
| HIG Infrastructure Partners A LP | — | — | $13.3M | $15.0M | 0.3% | |
| Advent GPE IX LP | — | — | $8.9M | $14.1M | 0.3% | |
| Adams Street Partnership Fund - 2011 US Fund | — | — | $4.1M | $12.9M | 0.2% | |
| Cereberus Levered Oppurtunity Fund IV | — | — | $10.2M | $12.8M | 0.2% | |
| Summit Partners Growth Equity Fund X-A | — | — | $8.2M | $11.8M | 0.2% | |
| Falcon Strategic Partners IV | — | — | $24.8M | $11.6M | 0.2% | |
| WynnChurch Capital Partners Fund V | — | — | $9.1M | $11.4M | 0.2% | |
| HIG Bayside Loan Oppurtunity Fund VII | — | — | $9.0M | $11.2M | 0.2% | |
| Mason Wells Buyout Fund V LP | — | — | $14.0M | $10.4M | 0.2% | |
| Charlesbank Equity Fund IX | — | — | $7.9M | $10.3M | 0.2% | |
| Bain Capital XII | — | — | $6.2M | $10.2M | 0.2% | |
| Bow River PE Fund III LP | — | — | $8.3M | $10.1M | 0.2% | |
| Adams Street Partnership Fund - 2010 US Fund LP | — | — | $3.3M | $9.6M | 0.2% | |
| Bain Capital XI | — | — | $9.1M | $9.6M | 0.2% | |
| Advent International Equity Fund VIII - B | — | — | $2.6M | $8.6M | 0.2% | |
| HIG Whitehorse Direct Lending Fund | — | — | $13.0M | $7.1M | 0.1% | |
| Adams Street Partnership Fund - 2011 Non US - Developed Markets Fund LP | — | — | $2.7M | $6.5M | 0.1% | |
| Cereberus Levered Oppurtunity Fund III | — | — | $3.8M | $6.4M | 0.1% | |
| HIG Realty Partners Onshore Fund III | — | — | $8.8M | $5.4M | <0.1% | |
| Oaktree Capital Management Opportunities Fund X | — | — | $0 | $4.9M | <0.1% | |
| HIG Middle Market Fund LBO Fund II | — | — | $6.1M | $4.3M | <0.1% | |
| HIG Whitehorse Equity Side Car Fund | — | — | $2.4M | $4.3M | <0.1% | |
| Golden Tree Loan Management III | — | — | $3.7M | $4.3M | <0.1% | |
| Adams Street Co-Investment Fund | — | — | $2.1M | $4.2M | <0.1% | |
| Summit Partners Growth Equity FD XI-A | — | — | $3.6M | $3.9M | <0.1% | |
| Platinum Credit Oppurtunity Fund | — | — | $3.9M | $3.8M | <0.1% | |
| Adams Street Partnership Fund - 2010 Non US - Developed Markets Fund LP | — | — | $2.5M | $3.7M | <0.1% | |
| Adams Street Partnership Fund - 2009 US | — | — | $3.0M | $3.5M | <0.1% | |
| Adams Street Partnership Fund - 2011 Emerging Markets Fund | — | — | $1.5M | $3.2M | <0.1% | |
| Charlesbank Equity Fund VIII | — | — | $3.5M | $3.0M | <0.1% | |
| Riverside Capital Appreciation Fund VI | — | — | $329K | $2.6M | <0.1% | |
| Adams Street Partnership Fund - 2010 Emerging Markets Fund | — | — | $1.3M | $2.4M | <0.1% | |
| Pantheon USA Fund VIII | — | — | $1.4M | $2.4M | <0.1% | |
| Sankaty MMO Fund II | — | — | $3.9M | $2.4M | <0.1% | |
| Adams Street Partnership Fund - 2011 Direct Fund | — | — | $433K | $2.3M | <0.1% | |
| Adams Street Partnership Fund - 2010 Direct Fund LP | — | — | $231K | $1.4M | <0.1% | |
| Adams Street Partnership Fund - 2009 Non US - Developed Markets | — | — | $748K | $1.4M | <0.1% | |
| Pantheon USA Fund VII | — | — | $2.5M | $1.2M | <0.1% | |
| Adams Street Partnership Fund - 2009 Non US - Emerging Markets | — | — | $668K | $927K | <0.1% | |
| Pantheon Europe Fund VI | — | — | $830K | $663K | <0.1% | |
| Adams Street Partnership Fund - 2008 US | — | — | $1.5M | $447K | <0.1% | |
| Adams Street Partnership Fund - 2009 Direct Fund | — | — | $44K | $438K | <0.1% | |
| Adams Street Partnership Fund - 2008 Direct Fund | — | — | $5K | $421K | <0.1% | |
| Pantheon Europe Fund V B | — | — | $1.7M | $308K | <0.1% | |
| Adams Street Partnership Fund - 2007 US | — | — | $1.3M | $202K | <0.1% | |
| Adams Street Partnership Fund - 2007 Direct Fund | — | — | $0 | $126K | <0.1% | |
| Adams Street Partnership Fund - 2008 Non US | — | — | $398K | $104K | <0.1% | |
| Pantheon USA Fund VI | — | — | $2.8M | $103K | <0.1% | |
| Adams Street Partnership Fund - 2006 US | — | — | $1.9M | $100K | <0.1% | |
| Adams Street Partnership Fund - 2005 US | — | — | $931K | $69K | <0.1% | |
| Adams Street Partnership Fund - 2004 US | — | — | $843K | $45K | <0.1% | |
| Adams Street Partnership Fund - 2007 Non US | — | — | $619K | $42K | <0.1% | |
| Adams Street Partnership Fund - 2003 US | — | — | $1.0M | $34K | <0.1% | |
| Adams Street Partnership Fund - 2006 Non US | — | — | $1.0M | $30K | <0.1% | |
| Pantheon USA Fund V | — | — | $596K | $11K | <0.1% | |
| Adams Street Partnership Fund - 2005 - Non US | — | — | $415K | $9K | <0.1% | |
| 1-3 YEAR GOVT BD INDEX FUND BLACKROCK INSTL TRUST COMPANY N.A. · EIN 94-3112180 / PN 001 | Common Collective Trust | — | — | $0 | <0.1% | |
| Adjustments to current value | — | — | $0 | -$19.5M | <0.1% | |
| Limited partnerships included above | — | — | -$679.9M | -$888.0M | <0.1% |