CFG RETIREMENT SAVINGS PLAN Contribution & Employer Match
How CITIZENS FINANCIAL GROUP, INC. Supports Your Retirement Savings
CITIZENS FINANCIAL GROUP, INC. provides retirement savings benefits through CFG RETIREMENT SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.
CFG RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value
CFG RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount
330,011.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 5,156.00 in CFG RETIREMENT SAVINGS PLAN, assuming a 10%* annual return.
* Data are from public filings.
Employer Match in CFG RETIREMENT SAVINGS PLAN
An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.
CFG RETIREMENT SAVINGS PLAN Total Employer Contribution and Match Rate
CFG RETIREMENT SAVINGS PLAN Estimated Average Employer Match
Investing in this additonal $3,200.00 for 20 years would give you extra $204,845.00, assuming a 10% annual return.
* Data are from public filings.
Are You Leaving Dollars on the Table?
If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.
Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.
CFG RETIREMENT SAVINGS PLAN Contribution & Match Policy
1. Employee Contribution Rates: 1% to 50% of eligible compensation.
2. Employer Match/Contribution Conditions: Employer matches participant contributions dollar for dollar up to 4% after the participant completes one year of service.
3. Vesting Schedule/Eligibility: Participants are vested immediately in the value of their accounts attributable to their contributions and Employer Matching contributions. For Employer Core Non-elective Contributions, vesting occurs after completion of three years of service, attainment of age 65, or disability or death while employed at Citizens.
4. Roth 401(k) Contribution: Yes.
CFG RETIREMENT SAVINGS PLAN Maximum Match Calculator
This calculator helps to decide what's the minimum contribution you have to maximize your employer match.
2025 IRS 401(k) Contribution Limits
The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:
| 2024 | 2025 | |
|---|---|---|
| Employee elective deferrals (pretax + Roth) | $23,000 | $23,500 |
| Employee + employer contributions combined | $69,000 | $70,000 |
| Catch-up contributions (age 50+) | $7,500 | $7,500 |
| Enhanced catch-up (ages 60–63, SECURE 2.0) | N/A | $11,250 |
The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.
Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.
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