PlanOptica
Retirement plan

THE PNC FINANCIAL SERVICES GROUP, INC. PENSION PLAN

THE PNC FINANCIAL SERVICES GROUP, INC.EIN 25-1435979Plan #002PY 2021
Sign in to saveView 5500 PDF
249 FIFTH AVENUE,, 21ST FLOOR, P1-POPP-21-B - PITTSBURGH, PA 15222412-807-6258
Other plans on this EIN
1 filing
#001Retirement-$9.92B assets
Prospect flagsHigh cashWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(412) 807-6258
Plan administrator signer
CARRIE CARSON
Signed 10/14/2022
How to read this page

Summary metrics

Total assets (EOY)
$6837.8M
-10.3% from 2016
Total participants
113,463
-0.1% from 2016
Average account balance
$0
No prior year
Annual return
16.32%
-6.98 pp from 2016

Benchmarks

See 31 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2021
Participant deferral / active EE
$0
median $81
Employer contribution / active EE
$0
median $4,047
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
16.32%
median 9.49%
Overall peer rank
87th 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 20 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC5 years
Service code 15 · EIN 82-1061233
Recordkeeping
$4,706,476
ABERDEEN ASSET MGT., INC.7+ years
Service code 28 · EIN 51-0368279
Investment Management
$4,460,489
MARATHON ASSET MANAGEMENT7+ years
Service code 28
Investment Management
$2,552,154
PACIFIC INVESTMENT MGMT CO LLC7+ years
Service code 28 · EIN 33-0629048
Investment Management
$1,342,188
PRUDENTIAL INVESTMENT MGT., INC.7+ years
Service code 28 · EIN 22-2540245
Investment Management
$1,330,918
CENTERSQUARE INV MNGMT INC.7+ years
Service code 28 · EIN 23-2817243
Investment Management
$1,118,021
BLACKROCK2 years
Service code 28
60 STATE STREET · BOSTON, MA 02109
Investment Management
$971,870
SHENKMAN CAPITAL MGT7+ years
Service code 28
461 FIFTH AVE · NEW YORK, NY 10017
Investment Management
$927,777
THE BANK OF NEW YORK MELLON7+ years
Service code 21 · EIN 13-5160382
Bank Trustee
$896,313
VAUGHAN NELSON INVESTMENT MGMT3 years
Service code 28
600 TRAVIS STREET · HOUSTON, TX 770023071
Investment Management
$886,500

Enrolled actuary

1 attachment
SB

THOMAS A DEFILIPPO

WILLIS TOWERS WATSON US LLC
Enrollment #2006419
ONE PPG PLACE
SUITE 600
PITTSBURGH, PA 15222
(412) 402-4500
Signed 2022-09-02

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
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
  • OpportunityHigh cash

    More than 10% of assets are held in cash - possible menu-design or default-fund problem.

  • 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
$32.8M
$619 / participant
  • Contract admin$33M100.0%
% of EOY assets
0.479%
all-in expense ratio
Categories reported
1 / 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 US, LLP
Auditor EIN
390859910
Audit fees
(not subdivided)
Opinion code
Unqualified