Retirement plan
THE PNC FINANCIAL SERVICES GROUP, INC. PENSION PLAN
THE PNC FINANCIAL SERVICES GROUP, INC.EIN 25-1435979Plan #002PY 2016
249 FIFTH AVENUE, 27TH FLOOR - PITTSBURGH, PA 152222707216-222-4809
Other plans on this EIN
1 filingProspect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
PEGGY CHEVAKO
Signed 10/16/2017
Summary metrics
Total assets (EOY)
$4820.3M
-10.3% from 2016
Total participants
100,616
-0.1% from 2016
Average account balance
$0
No prior year
Annual return
7.32%
-6.98 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort46 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $0
58
Employer contribution / active EE
$9,706
median $6,902
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
56
Annual return
7.32%
median 7.07%
Overall peer rank
57of 100
57th 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
| Provider | Service type | Compensation |
|---|---|---|
HEWITT ASSOCIATES LLC2+ years Service code 15 · EIN 36-2235791 | Recordkeeping | $5,378,671 |
ABERDEEN ASSET MGT., INC.2+ years Service code 28 · EIN 51-0368279 | Investment Management | $2,414,050 |
MARATHON ASSET MANAGEMENT2+ years Service code 28 | Investment Management | $1,917,860 |
BAILLE GIFFORD OVERSEAS LTD2+ years Service code 28 · EIN 22-3438530 | Investment Management | $1,416,653 |
PRUDENTIAL INVESTMENT MGT., INC.2+ years Service code 28 · EIN 22-2540245 | Investment Management | $1,042,105 |
CENTERSQUARE INV MNGMT INC.2+ years Service code 28 · EIN 23-2817243 | Investment Management | $974,612 |
PACIFIC INVESTMENT MGMT CO LLC2+ years Service code 28 · EIN 33-0629048 | Investment Management | $952,194 |
FIRST PRINCIPLES CAPITAL MGT2+ years Service code 28 140 BROADWAY · NEW YORK, NY 10005 | Investment Management | $666,269 |
AEW CAPITAL MANAGEMENT2+ years Service code 28 · EIN 04-3329433 | Investment Management | $615,355 |
CAMBRIDGE ASSOCIATES LLC2+ years Service code 28 125 HIGH STREET · BOSTON, MA 02110 | Investment Management | $559,219 |
Enrolled actuary
1 attachment
SB
THOMAS A. DEFILIPPO
TOWERS WATSON DELAWARE INC.
Enrollment #1706419
ONE PPG PLACE, SUITE 600
PITTSBURGH, PA 15222
(412) 402-4500
Signed 2017-10-02
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
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
Plan features & details
Pension benefit codes1A1C
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA 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
1 tripped
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$25.0M
$538 / participant
- Investment mgmt$12M47.9%
- Contract admin$6M22.3%
- Other / not subdivided$7M29.8%
% of EOY assets
0.518%
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