Employer · plans filed under one EIN
The PNC Financial Services Group, Inc.
Pittsburgh, PA · Finance and insurance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
The PNC Financial Services Group, Inc., based in Pittsburgh, Pennsylvania, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 191,290 participant records and $15.7B in net assets.
The largest is The PNC Financial Services Group, Inc. Pension Plan, a cash balance pension plan with 115,646 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $177M and participant contributions $408M in the latest plan years; benefits paid were $1.43B. Schedule C compensation reported to service provider organisations totalled $29.2M.
Combined net assets moved from $6.94B in 2009 to $15.7B in 2024 (up 126%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| The PNC Financial Services Group, Inc. Pension Plan | cash balance pension plan | 2024 | 115,646 | $5.53B | $47,784 | — | $21.3M |
| The PNC Financial Services Group, Inc. Incentive Savings Plan | ESOP with a 401(k) feature | 2024 | 75,644 | $10.2B | $134,705 | $3,334 | $7.9M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 191,290 | $15.7B | $177M | $408M |
| 2023 | 2 | 196,857 | $15.0B | $186M | $422M |
| 2022 | 2 | 199,313 | $13.5B | $177M | $407M |
| 2021 | 2 | 196,116 | $16.8B | $153M | $348M |
| 2020 | 2 | 171,727 | $13.8B | $157M | $327M |
| 2019 | 2 | 169,914 | $12.6B | $145M | $311M |
| 2018 | 2 | 169,228 | $10.6B | $140M | $306M |
| 2017 | 2 | 168,861 | $11.6B | $332M | $283M |
| 2016 | 2 | 167,282 | $10.1B | $578M | $264M |
| 2015 | 2 | 169,625 | $9.15B | $122M | $257M |
| 2014 | 2 | 170,282 | $9.42B | $318M | $239M |
| 2013 | 2 | 175,544 | $8.87B | $118M | $241M |
| 2012 | 2 | 180,629 | $7.99B | $111M | $232M |
| 2011 | 2 | 185,054 | $7.31B | $99.7M | $195M |
| 2010 | 2 | 177,517 | $7.57B | $94.8M | $188M |
| 2009 | 2 | 168,688 | $6.94B | $60.4M | $92.5M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Alight Solutions LLC | Recordkeeping and information management | 2 | $7,995,653 |
| Alight Solutions Fin Advs-Prof MGMT | Investment advisory (participants) | 1 | $4,252,565 |
| Aberdeen Asset Mgt., Inc. | Investment management | 1 | $2,771,389 |
| Marathon Asset Management | Investment management | 1 | $2,447,163 |
| BlackRock Financial Management, Inc. | Investment management | 1 | $2,120,935 |
| Prudential Investment Mgt., Inc. | Investment management | 1 | $1,469,558 |
| Pimco Funds | Investment management | 1 | $1,165,231 |
| Shenkman Capital Management, Inc. | Investment management | 1 | $1,089,582 |
| Centersquare Investment Management | — | 1 | $1,087,651 |
| The Bank of New York Mellon | Trustee (bank, trust company, or similar financial institution) | 1 | $930,889 |
| Vaughan Nelson Investment MGMT | Investment management | 1 | $848,385 |
| Aew Capital Management | Investment management | 1 | $844,702 |
| Cambridge Associates LLC | Investment management; Consulting (pension) | 2 | $787,501 |
| PNC Financial Services | Contract Administrator | 1 | $187,650 |
| Morgan Lewis and Bockius LLP | Legal | 1 | $33,268 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does The PNC Financial Services Group, Inc. have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: The PNC Financial Services Group, Inc. Pension Plan and The PNC Financial Services Group, Inc. Incentive Savings Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does The PNC Financial Services Group, Inc. contribute to its plans?
$177,317,000 in employer contributions across these plans in their latest plan years, about $1,688 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Alight Solutions LLC, Alight Solutions Fin Advs-Prof MGMT, Aberdeen Asset Mgt., Inc. and Marathon Asset Management and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.