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Original filing (PDF)20250626074041NAL0020365506001
TRUIST FINANCIAL CORPORATION
Form 5500
FILING_RECEIVED
TRUIST FINANCIAL CORPORATION 401(K) SAVINGS PLAN
401(k) retirement plan
Active participants
38,574
Accounts w/ balance
54,653
Plan assets (EOY)
$9.2B
Net assets (EOY)
$9.2B
How this plan invests
This plan
23 pooled trusts
Schedule D
35 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
100
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
100
Vendor stack
100
Participation health
100
Helping the score
- Below-peer total fees (3 bps vs 5 bps peer median).
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TRUIST FINANCIAL CORPORATION.
Plan sponsor
Name
TRUIST FINANCIAL CORPORATION
EIN
56-0939887
Address
214 N. TRYON STREET · FLOOR 45 · CHARLOTTE, NC · 28202
Phone
(800) 716-2455
Industry
Commercial Banking· Finance & Insurancesee all
Plan administrator
Name
EMPLOYEE BENEFITS PLAN COMMITTEE
EIN
56-0939887
City
CHARLOTTE, NC
Phone
(800) 716-2455
Plan characteristics
Plan number
003
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-06-26
Pension benefit codes
2F · ERISA section 404(c)
2E · Profit-sharing
2R · Participant-directed brokerage (SDBA)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2O · ESOP (non-leveraged)
2T · Default investment account (QDIA)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
CARR, RIGGS AND INGRAM LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | 04-2647786 | — | RECORDKEEPER | -$126K | — |
Advisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | 04-2654524 | — | ADVISOR | $2.2M | — |
| LEGAL & GENERAL INVESTMENT MGMT AM | 20-8058531 | — | INVESTMENT ADVISOR | $260K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MERCER, LLC | 30-0282430 | — | FIDUCIARY | $90K | — |
Investments
17 direct securities · 23 pooled funds· $9.8B(100% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Common Collective Trust
$6.8B
23 holdings
Uncategorized
$3.0B
17 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| SP 500 INDEX PL CL F GEODE CAPITAL MANAGEMENT, LLC · EIN 82-6293122 / PN 001 | Common Collective Trust | — | — | $1.7B | 18.1% | |
| MFS GROWTH 5 MFS HERITAGE TRUST COMPANY · EIN 57-1187281 / PN 015 | Common Collective Trust | — | — | $737.5M | 8.0% | |
| SP LC VALUE INDEX F GEODE CAPITAL MANAGEMENT, LLC · EIN 82-6293122 / PN 004 | Common Collective Trust | — | — | $610.6M | 6.6% | |
| Truist Financial Corporation | — | — | — | $507.9M | 5.5% | |
| Brokeragelink | — | — | — | $444.7M | 4.8% | |
| VANGUARD TARGET 2035 VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6941311 / PN 001 | Common Collective Trust | — | — | $434.4M | 4.7% | |
| VANGUARD TARGET 2040 VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6941351 / PN 001 | Common Collective Trust | — | — | $422.7M | 4.6% | |
| VANGUARD TARGET 2030 VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6938065 / PN 001 | Common Collective Trust | — | — | $422.5M | 4.6% | |
| Vanguard Target 2045 | — | — | — | $372.6M | 4.0% | |
| VANGUARD TARGET 2045 VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6944355 / PN 001 | Common Collective Trust | — | — | $372.6M | 4.0% | |
| Double & Cox Income X | — | — | — | $357.3M | 3.9% | |
| VANGUARD TARGET 2025 VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6938034 / PN 001 | Common Collective Trust | — | — | $279.2M | 3.0% | |
| SP GLB EXUS IDX CL F GEODE CAPITAL MANAGEMENT, LLC · EIN 82-6293122 / PN 005 | Common Collective Trust | — | — | $262.5M | 2.8% | |
| VANGUARD TARGET 2050 VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6944390 / PN 001 | Common Collective Trust | — | — | $262.5M | 2.8% | |
| Vanguard Treasury Money Market Fund | — | — | — | $260.9M | 2.8% | |
| MFS MID CAP VALUE 5 MFS HERITAGE TRUST COMPANY · EIN 57-1187281 / PN 024 | Common Collective Trust | — | — | $246.1M | 2.7% | |
| Vanguard Retirement Savings Trust | — | — | — | $217.2M | 2.4% | |
| VANG RET SVGS TR II VANGUARD FIDUCIARY TRUST COMPANY · EIN 45-5455475 / PN 023 | Common Collective Trust | — | — | $217.2M | 2.4% | |
| T Rowe Price Institutional Mid Cap | — | — | — | $185.0M | 2.0% | |
| VANGUARD TARGET 2055 VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6948719 / PN 001 | Common Collective Trust | — | — | $176.4M | 1.9% | |
| Fidelity Small Cap Value Index | — | — | — | $166.1M | 1.8% | |
| SP SMALL CP IND CL F GEODE CAPITAL MANAGEMENT, LLC · EIN 82-6293122 / PN 009 | Common Collective Trust | — | — | $163.3M | 1.8% | |
| VANGUARD TARGET 2020 VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6935530 / PN 001 | Common Collective Trust | — | — | $140.2M | 1.5% | |
| VANGUARD TARGET INC VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6930815 / PN 001 | Common Collective Trust | — | — | $102.6M | 1.1% | |
| American Funds EuroPacific Growth | — | — | — | $100.3M | 1.1% | |
| Participant loans (3.25% to 10.25% due through May 2046) | — | — | — | $99.0M | 1.1% | |
| BROWN ADV SCG CIT SEI TRUST COMPANY · EIN 81-5235976 / PN 091 | Common Collective Trust | — | — | $84.4M | 0.9% | |
| RBC Emerging Markets Equity Fund | — | — | — | $81.3M | 0.9% | |
| VANGUARD TARGET 2060 VANGUARD FIDUCIARY TRUST COMPANY · EIN 47-6948754 / PN 001 | Common Collective Trust | — | — | $79.9M | 0.9% | |
| SP MID CAP IDX CL F GEODE CAPITAL MANAGEMENT, LLC · EIN 82-6293122 / PN 013 | Common Collective Trust | — | — | $79.0M | 0.9% | |
| Harbor Diversified International All Cap | — | — | — | $69.5M | 0.8% | |
| Fidelity Inflation Protected Bond Fund | — | — | — | $42.1M | 0.5% | |
| BBH Limited Duration Fund | — | — | — | $40.9M | 0.4% | |
| VANGUARD TARGET 2065 VANGUARD FIDUCIARY TRUST COMPANY · EIN 82-6200492 / PN 001 | Common Collective Trust | — | — | $34.0M | 0.4% | |
| PIMCO Long Duration Total Return | — | — | — | $22.4M | 0.2% | |
| VANGUARD TARGET 2070 VANGUARD FIDUCIARY TRUST COMPANY · EIN 88-6098744 / PN 001 | Common Collective Trust | — | — | $5.6M | <0.1% | |
| Fidelity US Bond Index | — | — | — | $4.9M | <0.1% | |
| Fidelity Government Money Market | — | — | — | $1.7M | <0.1% | |
| RT L&G S&P 500 DC C RELIANCE TRUST COMPANY · EIN 35-7085469 / PN 005 | Common Collective Trust | — | — | $0 | <0.1% | |
| RT L&G ACWI EX US C RELIANCE TRUST COMPANY · EIN 35-7085469 / PN 010 | Common Collective Trust | — | — | $0 | <0.1% |