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FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 401k Plan overview

Plan NameFIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS
Plan identification number 001

FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Stock bonus
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

FIRST CITIZENS BANKSHARES INC has sponsored the creation of one or more 401k plans.

Company Name:FIRST CITIZENS BANKSHARES INC
Employer identification number (EIN):581410785
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012016-01-01DANA A POTTS DANA A POTTS2017-10-03
0012015-01-01DANA A POTTS DANA A POTTS2016-08-15
0012014-01-01DANA A POTTS DANA A POTTS2015-10-06
0012014-01-01DANA A POTTS DANA A POTTS2016-06-21
0012013-01-01DANA A POTTS
0012012-01-01DANA A POTTS
0012011-01-01DANA A POTTS
0012010-01-01DANA A POTTS
0012009-01-01DANA POTTS

Plan Statistics for FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS

401k plan membership statisitcs for FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS

Measure Date Value
2016: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2016 401k membership
Total participants, beginning-of-year2016-01-0169
Total number of active participants reported on line 7a of the Form 55002016-01-0130
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-0142
Total of all active and inactive participants2016-01-0172
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-010
Total participants2016-01-0172
Number of participants with account balances2016-01-0161
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010
2015: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2015 401k membership
Total participants, beginning-of-year2015-01-0160
Total number of active participants reported on line 7a of the Form 55002015-01-0125
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0142
Total of all active and inactive participants2015-01-0167
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-010
Total participants2015-01-0167
Number of participants with account balances2015-01-0158
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-010
2014: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2014 401k membership
Total participants, beginning-of-year2014-01-0157
Total number of active participants reported on line 7a of the Form 55002014-01-0115
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-0139
Total of all active and inactive participants2014-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-010
Total participants2014-01-0154
Number of participants with account balances2014-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-010
2013: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2013 401k membership
Total participants, beginning-of-year2013-01-0154
Total number of active participants reported on line 7a of the Form 55002013-01-0118
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-0135
Total of all active and inactive participants2013-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-010
Total participants2013-01-0153
Number of participants with account balances2013-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-010
2012: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2012 401k membership
Total participants, beginning-of-year2012-01-0153
Total number of active participants reported on line 7a of the Form 55002012-01-0123
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-0130
Total of all active and inactive participants2012-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-010
Total participants2012-01-0153
Number of participants with account balances2012-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-011
2011: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2011 401k membership
Total participants, beginning-of-year2011-01-0154
Total number of active participants reported on line 7a of the Form 55002011-01-0127
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-0126
Total of all active and inactive participants2011-01-0153
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-0153
Number of participants with account balances2011-01-0153
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011
2010: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2010 401k membership
Total participants, beginning-of-year2010-01-0152
Total number of active participants reported on line 7a of the Form 55002010-01-0130
Number of retired or separated participants receiving benefits2010-01-010
Number of other retired or separated participants entitled to future benefits2010-01-0124
Total of all active and inactive participants2010-01-0154
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-010
Total participants2010-01-0154
Number of participants with account balances2010-01-0152
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-010
2009: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2009 401k membership
Total participants, beginning-of-year2009-01-0146
Total number of active participants reported on line 7a of the Form 55002009-01-0129
Number of retired or separated participants receiving benefits2009-01-010
Number of other retired or separated participants entitled to future benefits2009-01-0122
Total of all active and inactive participants2009-01-0151
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-010
Total participants2009-01-0151
Number of participants with account balances2009-01-0147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-010

Financial Data on FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS

Measure Date Value
2016 : FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2016 401k financial data
Total income from all sources2016-12-31$372,637
Expenses. Total of all expenses incurred2016-12-31$6,396
Benefits paid (including direct rollovers)2016-12-31$6,396
Total plan assets at end of year2016-12-31$1,023,995
Total plan assets at beginning of year2016-12-31$657,754
Value of fidelity bond covering the plan2016-12-31$2,000,000
Total contributions received or receivable from participants2016-12-31$38,247
Other income received2016-12-31$301,904
Net income (gross income less expenses)2016-12-31$366,241
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,023,995
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$657,754
Assets. Value of employer securities2016-12-31$536,349
Total contributions received or receivable from employer(s)2016-12-31$32,486
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0
2015 : FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2015 401k financial data
Total income from all sources2015-12-31$36,539
Expenses. Total of all expenses incurred2015-12-31$68,590
Benefits paid (including direct rollovers)2015-12-31$68,590
Total plan assets at end of year2015-12-31$657,754
Total plan assets at beginning of year2015-12-31$689,805
Value of fidelity bond covering the plan2015-12-31$2,000,000
Total contributions received or receivable from participants2015-12-31$34,403
Other income received2015-12-31$-146,985
Net income (gross income less expenses)2015-12-31$-32,051
Net plan assets at end of year (total assets less liabilities)2015-12-31$657,754
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$689,805
Assets. Value of employer securities2015-12-31$237,095
Total contributions received or receivable from employer(s)2015-12-31$149,121
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
2014 : FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2014 401k financial data
Total plan liabilities at beginning of year2014-12-31$231,275
Total income from all sources2014-12-31$18,223
Expenses. Total of all expenses incurred2014-12-31$17,036
Benefits paid (including direct rollovers)2014-12-31$17,036
Total plan assets at end of year2014-12-31$451,379
Total plan assets at beginning of year2014-12-31$450,192
Value of fidelity bond covering the plan2014-12-31$2,000,000
Total contributions received or receivable from participants2014-12-31$33,636
Other income received2014-12-31$-163,054
Net income (gross income less expenses)2014-12-31$1,187
Net plan assets at end of year (total assets less liabilities)2014-12-31$451,379
Net plan assets at beginning of year (total assets less liabilities)2014-12-31$450,192
Assets. Value of employer securities2014-12-31$238,427
Total contributions received or receivable from employer(s)2014-12-31$147,641
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
2013 : FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2013 401k financial data
Total plan liabilities at end of year2013-12-31$231,275
Total plan liabilities at beginning of year2013-12-31$205,765
Total income from all sources2013-12-31$118,356
Expenses. Total of all expenses incurred2013-12-31$56,420
Benefits paid (including direct rollovers)2013-12-31$54,360
Total plan assets at end of year2013-12-31$681,467
Total plan assets at beginning of year2013-12-31$594,021
Value of fidelity bond covering the plan2013-12-31$2,000,000
Total contributions received or receivable from participants2013-12-31$25,952
Other income received2013-12-31$-28,442
Net income (gross income less expenses)2013-12-31$61,936
Net plan assets at end of year (total assets less liabilities)2013-12-31$450,192
Net plan assets at beginning of year (total assets less liabilities)2013-12-31$388,256
Assets. Value of employer securities2013-12-31$231,275
Total contributions received or receivable from employer(s)2013-12-31$120,846
Expenses. Administrative service providers (salaries,fees and commissions)2013-12-31$2,060
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
2012 : FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2012 401k financial data
Total plan liabilities at end of year2012-12-31$205,765
Total plan liabilities at beginning of year2012-12-31$307,700
Total income from all sources2012-12-31$89,453
Expenses. Total of all expenses incurred2012-12-31$282,785
Benefits paid (including direct rollovers)2012-12-31$277,025
Total plan assets at end of year2012-12-31$594,021
Total plan assets at beginning of year2012-12-31$889,288
Value of fidelity bond covering the plan2012-12-31$2,000,000
Total contributions received or receivable from participants2012-12-31$30,609
Other income received2012-12-31$-86,789
Net income (gross income less expenses)2012-12-31$-193,332
Net plan assets at end of year (total assets less liabilities)2012-12-31$388,256
Net plan assets at beginning of year (total assets less liabilities)2012-12-31$581,588
Assets. Value of participant loans2012-12-31$0
Assets. Value of employer securities2012-12-31$205,765
Total contributions received or receivable from employer(s)2012-12-31$145,633
Expenses. Administrative service providers (salaries,fees and commissions)2012-12-31$5,760
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
2011 : FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2011 401k financial data
Total plan liabilities at end of year2011-12-31$307,700
Total plan liabilities at beginning of year2011-12-31$586,683
Total income from all sources2011-12-31$261,548
Expenses. Total of all expenses incurred2011-12-31$10,290
Benefits paid (including direct rollovers)2011-12-31$1,892
Total plan assets at end of year2011-12-31$889,288
Total plan assets at beginning of year2011-12-31$917,012
Value of fidelity bond covering the plan2011-12-31$2,000,000
Total contributions received or receivable from participants2011-12-31$42,985
Other income received2011-12-31$46,919
Net income (gross income less expenses)2011-12-31$251,258
Net plan assets at end of year (total assets less liabilities)2011-12-31$581,588
Net plan assets at beginning of year (total assets less liabilities)2011-12-31$330,329
Assets. Value of participant loans2011-12-31$4,330
Assets. Value of employer securities2011-12-31$307,700
Total contributions received or receivable from employer(s)2011-12-31$171,644
Expenses. Administrative service providers (salaries,fees and commissions)2011-12-31$8,398
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
2010 : FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2010 401k financial data
Total plan liabilities at end of year2010-12-31$586,683
Total plan liabilities at beginning of year2010-12-31$685,375
Total income from all sources2010-12-31$-218,021
Expenses. Total of all expenses incurred2010-12-31$94,741
Benefits paid (including direct rollovers)2010-12-31$93,407
Total plan assets at end of year2010-12-31$917,012
Total plan assets at beginning of year2010-12-31$1,328,466
Value of fidelity bond covering the plan2010-12-31$2,000,000
Total contributions received or receivable from participants2010-12-31$46,168
Contributions received from other sources (not participants or employers)2010-12-31$13,357
Other income received2010-12-31$-419,442
Net income (gross income less expenses)2010-12-31$-312,762
Net plan assets at end of year (total assets less liabilities)2010-12-31$330,329
Net plan assets at beginning of year (total assets less liabilities)2010-12-31$643,091
Assets. Value of participant loans2010-12-31$6,448
Assets. Value of employer securities2010-12-31$341,346
Total contributions received or receivable from employer(s)2010-12-31$141,896
Expenses. Administrative service providers (salaries,fees and commissions)2010-12-31$1,334
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
2009 : FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0

Form 5500 Responses for FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS

2016: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedYes
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planNo
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planNo
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedNo
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planNo
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedNo
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planNo
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: FIRST CITIZENS BANKSHARES, INC EMPLOYEE STOCK OWNERSHIP PLAN WITH 401(K) PROVISIONS 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedNo
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planNo
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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