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 401(K) Savings Plan is a benefit plan reported by Truist Financial Corporation under EIN 56-0939887 and plan number 003. The latest loaded filing year is 2023. The filing reports 77,313 participants and $10,120,701,726 in end-of-year plan assets, where available in the loaded dataset.
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,120,701,726
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,120,701,726
- Net assets (BOY)
- $8,965,353,965
Income & contributions
- Employer contributions
- $260,645,308
- Participant contributions
- $412,452,304
- Total contributions
- $734,761,318
- Total income / additions
- $2,096,738,156
Expenses & distributions
- Benefits paid
- $940,108,939
- Administrative expenses
- $1,963,598
- Total expenses
- $942,331,719
- Net increase / (decrease)
- $1,154,406,437