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Retirement plan

THE PNC FINANCIAL SERVICES GROUP, INC. PENSION PLAN

THE PNC FINANCIAL SERVICES GROUP, INC.EIN 25-1435979Plan #002PY 2015
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620 LIBERTY AVENUE, 21ST FLOOR - PITTSBURGH, PA 15222216-222-4809
Other plans on this EIN
1 filing
#001Retirement-$4.83B assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(216) 222-4809
How to read this page

Summary metrics

Total assets (EOY)
$4323M
-10.3% from 2016
Total participants
100,544
-0.1% from 2016
Average account balance
$0
No prior year
Annual return
0.34%
-6.98 pp from 2016

Benchmarks

See 38 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort38 peers
Snapshot2015
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $4,473
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $47,522
Admin fee / account holder
$0
median $275
Annual return
0.34%
median -0.83%
Overall peer rank
68th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$5.53B
Average account balance
Total assets / participants with a balance (line 6g)
$48K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
63,791
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$200.00M
Not enough data
2 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
$4K
Not enough data
2 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.97%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 21 by compensation
ProviderService typeCompensation
HEWITT ASSOCIATES LLC1+ years
Service code 15 · EIN 36-2235791
Recordkeeping
$4,418,253
ABERDEEN ASSET MGT., INC.1+ years
Service code 28 · EIN 51-0368279
Investment Management
$2,412,279
MARATHON ASSET MANAGEMENT1+ years
Service code 28
Investment Management
$1,836,410
BAILLE GIFFORD OVERSEAS LTD1+ years
Service code 28 · EIN 22-3438530
Investment Management
$1,660,505
PACIFIC INVESTMENT MGMT CO LLC1+ years
Service code 28 · EIN 33-0629048
Investment Management
$871,415
PRUDENTIAL INVESTMENT MGT., INC.1+ years
Service code 28 · EIN 22-2540245
Investment Management
$776,096
CENTERSQUARE INV MNGMT INC.1+ years
Service code 28 · EIN 23-2817243
Investment Management
$766,218
SHENKMAN CAPITAL MGT1+ years
Service code 28
461 FIFTH AVE · NEW YORK, NY 10017
Investment Management
$734,734
FIRST PRINCIPLES CAPITAL MGT1+ years
Service code 28
140 BROADWAY · NEW YORK, NY 10005
Investment Management
$654,523
THE BANK OF NEW YORK MELLON1+ years
Service code 21 · EIN 13-5160382
Bank Trustee
$642,157

Enrolled actuary

1 attachment
SB

THOMAS A. DEFILIPPO

TOWERS WATSON DELAWARE INC.
Enrollment #1406419
600 GRANT STREET, SUITE 4940
PITTSBURGH, PA 152192742
(412) 497-3000
Signed 2016-08-12

Top hat statement on fileNQDC

Filed July 15, 2025 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view
249 Fifth Avenue, 21st Floor, P1-POPP-21-B
Pittsburgh, PA 15222
Email— Sign in and upgrade to viewPhone— Sign in and upgrade to view

Plans declared (2)

  • The PNC Financial Services Group, Inc. Transition Severance Plan1,325 emp
  • The PNC Financial Services Group, Inc. Executive Severance Plan15 emp

Total covered: 1,340 employees

Open the filing PDF

Plan features & details

Pension benefit codes1A1C
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

2 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$23.4M
$498 / participant
  • Investment mgmt$12M50.0%
  • Contract admin$5M19.4%
  • Other / not subdivided$7M30.7%
% of EOY assets
0.541%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
BAKER TILLY VIRCHOW KRAUSE, LLP
Auditor EIN
390859910
Audit fees
(not subdivided)
Opinion code
Unqualified