DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

CIT Group, Inc. Retirement Plan

Corporate pensionRaleigh, NC
Assets
$314M
Total assets, Dec 31, 2024 reported
Funded
98.2%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
18
none on the tape
Plan sponsor: First Citizens Bank & Trust Company
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Corporate debt instruments (other) 0.8%
  • U.S. Government securities 1.0%
  • Common/collective trusts 85.4%
  • Registered investment companies 12.8%
Consultants and advisers
5 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
4 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
18 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Intermediate Duration Corp Nl Fundcollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$177M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Intermediate Govt Bond Index Fundcollective trustBlackrock Institutional Trust Co,naFixed income$65.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Long Duration Corporate Credit Screcollective trustBlackrock Long Duration CorporatePrivate credit$24.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$771,421 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Intermediate Duration Corp Nl Fundcollective trustBlackrock Institutional Trust Company, N.A.Pooled vehicles$171M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Intermediate Govt Bond Index Fundcollective trustBlackrock Institutional Trust Co,naFixed income$52.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Long Duration Corporate Credit Screcollective trustBlackrock Long Duration CorporatePrivate credit$27.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury US 15 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$6.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Treasury US 10 Yr Key Rate Durationcollective trustBlackrock Institutional TrustFixed income$2.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer US Small/mid Cap Equity Portcollective trustMercer Trust Company LLCPublic equity$2.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer US Large Cap Core Passive Eqcollective trustMercer Trust Company LLCPublic equity$6.9M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Non-Us Core Equity Portfoliocollective trustMercer Trust Company LLCPublic equity$6.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Emerging Markets Equity Portcollective trustMercer Trust Company LLCPublic equity$2.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Global Low Volatility Equitycollective trustMercer Trust Company LLCPublic equity$6.7M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Active Long Corporate Fixedcollective trustMercer Trust Company LLCFixed income$53.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Ultra Long Duration Portfolicollective trustMercer Trust Company LLCFixed income$2.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Mercer Active Intermediate Credit Fcollective trustMercer Trust Company LLCPrivate credit$169M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CF Ssga Intermediate US Govt Bond Icollective trustState Street Global Advisors TrustFixed income$62.8M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$314M Dec 31, 2024 reported Form 5500
$321M (2023-12) · $316M (2022-12)
Plan assets
$321M Jan 1, 2024 reported Form 5500
$316M (2023-01) · $388M (2022-01)
Net assets
$314M Dec 31, 2024 reported Form 5500
$321M (2023-12) · $316M (2022-12)
Funded ratio
98.2% Jan 1, 2024 reported Form 5500
101.2% (2023-01) · 117.3% (2022-01)
Funding target
$273M Jan 1, 2024 reported Form 5500
$281M (2023-01) · $270M (2022-01)
Discount rate
4.99% Jan 1, 2024 reported Form 5500
5.11% (2023-01) · 5.27% (2022-01)
Participants
3,534 Jan 1, 2024 reported Form 5500
3,630 (2023-01) · 3,748 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$20.2M Dec 31, 2024 reported Form 5500
$19.6M (2023-12) · $20.6M (2022-12)
Net investment income
$-7.4M Dec 31, 2024 reported Form 5500
$5.2M (2023-12) · $-72.3M (2022-12)
Investment management fees
$313,403 Dec 31, 2024 reported Form 5500
$141,468 (2023-12) · $123,789 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20243,534$321M$273M98.2%$314Mn/an/an/a
2023 to Dec 31, 20233,630$316M$281M101.2%$321Mn/an/an/a
2022 to Dec 31, 20223,748$388M$270M117.3%$316Mn/an/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
  • Blackrock Advisors, LLC codes 28 33 50 51 71 $313,403 PY2024
  • Fidelity Investments Institutional codes 15 17 50 $264,885 PY2024
  • Northern Trust Company codes 21 50 62 $115,214 PY2024
  • Willis Towers Watson US LLC codes 11 50 $81,286 PY2024
  • Cherry Bekaert LLP codes 10 50 $21,000 PY2024
  • Long Duration Corp Nl Fund Sched. D C $24.6M PY2024
  • Intermediate Duration Corp Nl Fund Sched. D C $177M PY2024
  • Intermediate Govt Bond Index Fund Sched. D C $65.8M PY2024
  • TSY US 15 Yr Key Rate Dur Nl Fund Sched. D C $771,421 PY2024
  • TSY US 10 Yr Key Rate Dur Nl Fund Sched. D C PY2024
  • Willis Towers Watson US LLC codes 11 PY2024
  • Fidelity Investments Institutional codes 14 51 52 $149,340 PY2023
  • Northern Trust Company codes 21 51 52 $113,233 PY2023
  • Blackrock codes 28 50 51 $72,703 PY2023
  • Mercer codes 17 51 52 $68,765 PY2023
  • Willis Towers Watson US LLC codes 11 50 $56,250 PY2023
  • Cherry Bekaert LLP codes 16 51 52 $28,000 PY2023
  • TSY US 10 Yr Key Rate Dur Nl Fund Sched. D C $2.6M PY2023
  • Mercer US Small/mid Cap Equity Port Sched. D C PY2023
  • Mercer US Large Cap Core Passive Eq Sched. D C PY2023
  • Mercer Non-Us Core Equity Portfolio Sched. D C PY2023
  • Mercer Emerging Markets Equity Port Sched. D C PY2023
  • Mercer Global Low Volatility Equity Sched. D C PY2023
  • Mercer Active Long Corporate Fixed Sched. D C PY2023
  • Mercer Ultra Long Duration Port. Sched. D C PY2023
  • Mercer Active Inter.credit FIX.INC Sched. D C PY2023
  • CF Ssga Intermediate Govt Bond Nl Sched. D C PY2023
  • Intermediate Duration Corp Nl Fund Sched. D C $171M PY2023
  • Intermediate Govt Bond Index Fund Sched. D C $52.6M PY2023
  • Long Duration Corp Nl Fund Sched. D C $27.3M PY2023
  • TSY US 15 Yr Key Rate Dur Nl Fund Sched. D C $6.1M PY2023
  • Willis Towers Watson US LLC codes 11 PY2023
  • Northern Trust Company codes 21 51 52 $113,197 PY2022
  • State Street Research and Managemen codes 28 52 $10,264 PY2022
  • Mercer US Small/mid Cap Equity Port Sched. D C $2.4M PY2022
  • Mercer US Large Cap Core Passive Eq Sched. D C $6.9M PY2022
  • Mercer Non-Us Core Equity Portfolio Sched. D C $6.4M PY2022
  • Mercer Emerging Markets Equity Port Sched. D C $2.8M PY2022
  • Mercer Global Low Volatility Equity Sched. D C $6.7M PY2022
  • Mercer Opportunistic Fixed Income P Sched. D C PY2022
  • Mercer Active Long Corporate Fixed Sched. D C $53.2M PY2022
  • Mercer Ultra Long Duration Port. Sched. D C $2.0M PY2022
  • Mercer Active Inter.credit FIX.INC Sched. D C $169M PY2022
  • CF Ssga Intermediate Govt Bond Nl Sched. D C $62.8M PY2022
  • Willis Towers Watson US LLC codes 11 PY2022
What changed
25 events
  • Dec 31, 2024Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports Treasury US 10 Yr Key Rate Duration (Blackrock Institutional Trust) (last held $3M at 2023-12-31; absent from the 2024-12-31 filing)
    with Blackrock Institutional Trustaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Mercer no longer appears on CIT Group, Inc. Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Mercer Investments LLCaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Cherry Bekaert LLP no longer appears on CIT Group, Inc. Retirement Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Cherry Bekaert & Holland, LLPaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Fidelity Investments Institutional appears on CIT Group, Inc. Retirement Plan's Schedule C as pension consultant (plan year 2024 vs 2023)
    with Fidelity Investmentsaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    CIT Group, Inc. Retirement Plan funded ratio 101.2% -> 98.2% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports Mercer Emerging Markets Equity Port (last held $3M at 2022-12-31; absent from the 2023-12-31 filing)
    with Mercer Emerging Markets Equity Portaskebsa.dol.gov
  • Dec 31, 2023Holding started
    CIT Group, Inc. Retirement Plan first reports an interest in Treasury US 10 Yr Key Rate Duration (Blackrock Institutional Trust): $3M at 2023-12-31
    with Blackrock Institutional Trustaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports Mercer Active Long Corporate Fixed (last held $53M at 2022-12-31; absent from the 2023-12-31 filing)
    with Mercer Active Long Corporate Fixedaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports Mercer US Large Cap Core Passive Eq (last held $7M at 2022-12-31; absent from the 2023-12-31 filing)
    with Mercer US Large Cap Core Passive Eqaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports Mercer Non-Us Core Equity Portfolio (last held $6M at 2022-12-31; absent from the 2023-12-31 filing)
    with Mercer Non-Us Core Equity Portfolioaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports CF Ssga Intermediate US Govt Bond I (State Street Global Advisors Trust) (last held $63M at 2022-12-31; absent from the 2023-12-31 filing)
    with State Street Global Advisors Trustaskebsa.dol.gov
  • Dec 31, 2023Holding started
    CIT Group, Inc. Retirement Plan first reports an interest in Intermediate Duration Corp Nl Fund: $171M at 2023-12-31
    with Intermediate Duration Corp Nl Fundaskebsa.dol.gov
  • Dec 31, 2023Holding started
    CIT Group, Inc. Retirement Plan first reports an interest in Treasury US 15 Yr Key Rate Duration (Blackrock Institutional Trust): $6M at 2023-12-31
    with Blackrock Institutional Trustaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports Mercer Ultra Long Duration Portfoli (last held $2M at 2022-12-31; absent from the 2023-12-31 filing)
    with Mercer Ultra Long Duration Portfoliaskebsa.dol.gov
  • Dec 31, 2023Holding started
    CIT Group, Inc. Retirement Plan first reports an interest in Intermediate Govt Bond Index Fund (Blackrock Institutional Trust Co,na): $53M at 2023-12-31
    with Blackrock Institutional Trust Co,naaskebsa.dol.gov
  • Dec 31, 2023Holding started
    CIT Group, Inc. Retirement Plan first reports an interest in Long Duration Corporate Credit Scre (Blackrock Long Duration Corporate): $27M at 2023-12-31
    with Blackrock Long Duration Corporateaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports Mercer Active Intermediate Credit F (last held $169M at 2022-12-31; absent from the 2023-12-31 filing)
    with Mercer Active Intermediate Credit Faskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports Mercer Global Low Volatility Equity (last held $7M at 2022-12-31; absent from the 2023-12-31 filing)
    with Mercer Global Low Volatility Equityaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    CIT Group, Inc. Retirement Plan no longer reports Mercer US Small/mid Cap Equity Port (last held $2M at 2022-12-31; absent from the 2023-12-31 filing)
    with Mercer US Small/mid Cap Equity Portaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Mercer appears on CIT Group, Inc. Retirement Plan's Schedule C as pension consultant (plan year 2023 vs 2022)
    with Mercer Investments LLCaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    State Street Research and Managemen no longer appears on CIT Group, Inc. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with State Street Research & Managementaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Cherry Bekaert LLP appears on CIT Group, Inc. Retirement Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Cherry Bekaert & Holland, LLPaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Blackrock appears on CIT Group, Inc. Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Blackrock Institutional Trust Co,naaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    CIT Group, Inc. Retirement Plan funded ratio 117.3% -> 101.2% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    CIT Group, Inc. Retirement Plan plan assets $388M -> $316M (-18.6%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 560223230-005
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.