Truist Financial Corporation Pension Plan — Form 5500 plan (Truist Financial Corporation)
Plain-English plan 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, Truist Financial Corporation Pension Plan is a benefit plan reported by Truist Financial Corporation under EIN 56-0939887 and plan number 001. The latest loaded filing year is 2023. The filing reports 114,335 participants and $14,582,387,965 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Truist Financial Corporation
- EIN
- 56-0939887
- Plan number
- 001
- Plan type
- 2
- Location
- Charlotte, NC
- Latest filing year
- 2023
- Participants
- 114,335
- End-of-year plan assets
- $14,582,387,965
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 114,335 | H, C | 20240813130331NAL0010583361001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,582,387,965
- Total liabilities (EOY)
- $24,572,029
- Net assets (EOY)
- $14,557,815,936
- Net assets (BOY)
- $12,462,364,023
Income & contributions
- Employer contributions
- $1,305,000,000
- Total contributions
- $1,305,000,000
- Total income / additions
- $2,864,630,225
Expenses & distributions
- Benefits paid
- $741,927,381
- Administrative expenses
- $27,250,931
- Total expenses
- $769,178,312
- Net increase / (decrease)
- $2,095,451,913
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Aon Consulting | NONE | $9,283,173 | not reported in the loaded dataset | 2023 |
| Nisa Investment Advisors, LLC | NONE | $1,963,518 | not reported in the loaded dataset | 2023 |
| Silvercrest Asset Management Group | NONE | $1,482,685 | not reported in the loaded dataset | 2023 |
| Franklin Templeton LLC | NONE | $1,417,983 | not reported in the loaded dataset | 2023 |
| Westfield Capital Management Co. | NONE | $1,070,149 | not reported in the loaded dataset | 2023 |
| Genesis Advisors LLC | NONE | $827,057 | not reported in the loaded dataset | 2023 |
| Dodge & Cox Funds | NONE | $801,393 | not reported in the loaded dataset | 2023 |
| Kilpatrick Townsend Attorneys | NONE | $119,635 | not reported in the loaded dataset | 2023 |
| Branch Banking And Trust Company | SUBSIDARY | $91,848 | not reported in the loaded dataset | 2023 |
| Principal Digital Real Estate Fund | NONE | $8,068 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Truist Financial Corporation
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Charlotte, NC
- Aon Consulting — Schedule C compensation
- Nisa Investment Advisors, LLC — Schedule C compensation
- Silvercrest Asset Management Group — Schedule C compensation
- Franklin Templeton LLC — Schedule C compensation
- Westfield Capital Management Co. — Schedule C compensation
- Genesis Advisors LLC — Schedule C compensation
- Dodge & Cox Funds — Schedule C compensation
- Kilpatrick Townsend Attorneys — Schedule C compensation
- Branch Banking And Trust Company — Schedule C compensation
- Principal Digital Real Estate Fund — Schedule C compensation