2023 Form 5500 filing — Truist Financial Corporation Pension Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240813130331NAL0010583361001) for Truist Financial Corporation Pension Plan, reported by Truist Financial Corporation under EIN 56-0939887 and plan number 001. It reports 114,335 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240813130331NAL0010583361001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Truist Financial Corporation
- EIN
- 56-0939887
- Plan number
- 001
- Location
- Charlotte, NC
- Participants
- 114,335
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $14,582,387,965
- Total liabilities (EOY)
- $24,572,029
- Net assets (EOY)
- $14,557,815,936
- Employer contributions
- $1,305,000,000
- Total income / additions
- $2,864,630,225
- Benefits paid
- $741,927,381
- Administrative expenses
- $27,250,931
- Total expenses
- $769,178,312
- Net increase / (decrease)
- $2,095,451,913
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Aon Consulting | NONE | $9,283,173 | not reported in the loaded dataset |
| Nisa Investment Advisors, LLC | NONE | $1,963,518 | not reported in the loaded dataset |
| Silvercrest Asset Management Group | NONE | $1,482,685 | not reported in the loaded dataset |
| Franklin Templeton LLC | NONE | $1,417,983 | not reported in the loaded dataset |
| Westfield Capital Management Co. | NONE | $1,070,149 | not reported in the loaded dataset |
| Genesis Advisors LLC | NONE | $827,057 | not reported in the loaded dataset |
| Dodge & Cox Funds | NONE | $801,393 | not reported in the loaded dataset |
| Kilpatrick Townsend Attorneys | NONE | $119,635 | not reported in the loaded dataset |
| Branch Banking And Trust Company | SUBSIDARY | $91,848 | not reported in the loaded dataset |
| Principal Digital Real Estate Fund | NONE | $8,068 | not reported in the loaded dataset |