401(k) · DOL Form 5500 · 2022
Truist Financial Corporation 401(k) Plan
Data updated 2026-08-06
- $9.0B
- Total assets
- 51,871
- Participants
- 100th
- Percentile by assets
- $172,839
- Avg per participant
Official DOL plan name: Truist Financial Corporation 401(k) Savings Plan · Sponsored by Truist Financial Corporation · North Carolina · Finance & Insurance
$9.0B in assets, 51,871 participants
Truist Financial Corporation's Truist Financial Corporation 401(k) Savings Plan reported $9.0B in total assets and 51,871 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 100th percentile by assets (of 139,258 plans)
- #9,252 in Finance & Insurance (9,267 peers)
Coverage in North Carolina
Truist Financial Corporation 401(k) Savings Plan covers 51,871 participants in North Carolina, 61x the typical North Carolina plan (state average ~846 per filing). Assets: $9.0B.
- $9.0B
- total plan assets (2022 EOY)
- 51,871
- covered participants
- 100th
- percentile by assets (of 139,258 plans)
- $172,839
- avg assets per participant
The plan reported a net loss of $2.0B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 846 participants across 3,325 plans. Truist Financial Corporation 401(k) Savings Plan reports 51,871 participants - 61x that state average ($9.0B EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $10.9B |
|---|---|
| Net Assets (End of Year) | $9.0B |
| Net Income | -$2.0B |
| Employer EIN | 560939887 |
| Plan Effective Date | 1982-07-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Truist Financial Corporation)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 89,802 | $21.4B |
| 2023 | 2 | 101,298 | $24.7B |
| 2024 | 2 | 91,247 | $23.9B |
Nearby 401(k) Plans in North Carolina
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Truist Financial Corporation 401(k) Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
- The Bank of America 401(k) Plan $47.1B · 169,036
- Honeywell 401(k) Plan $14.6B · 39,007
- Duke Energy Retirement Savings Plan $9.4B · 27,731
- Lowes 401(k) Plan $7.4B · 284,864
- Nucor Corporation Profit Sharing and Retirement Savings Plan $6.9B · 21,030
Scale composition for Truist Financial Corporation 401(k) Savings Plan
Truist Financial Corporation 401(k) Savings Plan reports $9.0B in end-of-year assets across 51,871 participants (0.077% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.058% of 89,805,449 covered participants) - about $172,839 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2022 was -$2.0B.
This plan identity (EIN 560939887, plan #003) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $9.0B to $9.2B (+3.0%) while covered participants moved from 51,871 to 52,699 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 51,871 | $9.0B | This page |
| 2023 | 55,480 | $10.1B | Open filing |
| 2024 · index core | 52,699 | $9.2B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Truist Financial Corporation Pension Plan (Defined Benefit (Pension), $14.7B, 38,548 participants)
- Truist Financial Corporation 401(k) Savings Plan (401(k), $9.2B, 52,699 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Truist Financial Corporation 401(k) Savings Plan by total assets, not by location.
- Bristol-Myers Squibb Savings and Investment Program (NY) $9.0B · 20,296
- The Lilly Employee 401(k) Plan (IN) $8.9B · 15,607
- Hp Inc. 401(k) Plan (TX) $8.9B · 13,940
- Savings Plan for Employees and Partners of Pricewatercoopers LLP (FL) $9.1B · 50,354
Frequently Asked Questions
How did Truist Financial Corporation 401(k) Savings Plan assets move in 2022? ▼
How have Truist Financial Corporation plan assets changed over time? ▼
Where does Truist Financial Corporation 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Truist Financial Corporation 401(k) Savings Plan? ▼
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Filing takeaways
Ways to act on Truist Financial Corporation 401(k) Savings Plan's numbers.
- By total assets, Truist Financial Corporation 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
- Truist Financial Corporation's sponsor-wide assets have grown 11.7% since 2022 across 3 plan years on file. More Finance & Insurance plans