401(k) · DOL Form 5500 · 2022
Truist Financial Corporation 401(k) Plan
Data updated 2026-08-25
- $9.0B
- Total assets Very large vs avg
- 51,871
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $172,839
- Avg per participant Above avg balance/head
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.
- #9,246 in Finance & Insurance (9,261 peers)
Coverage in North Carolina
Truist Financial Corporation 401(k) Savings Plan covers 51,871 participants in North Carolina, 63x the typical North Carolina plan (state average ~819 per filing). Assets: $9.0B.
- #9,246
- in Finance & Insurance (9,261 peers)
- -17.6%
- assets change YoY
- 90×
- vs typical plan assets (national mean)
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.
Truist Financial Corporation 401(k) Savings Plan's outsized position by total assets
Truist Financial Corporation 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$8,965,353,965 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Truist Financial Corporation 401(k) Savings Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Truist Financial Corporation 401(k) Savings Plan is a mega filing (51,871 participants), the rightmost band on the breakdown.
Published 5500 schedule card
Filing strip 560939887 · Truist Financial Corporation PY 2022 · 401(k)
Truist Financial Corporation 401(k) Savings Plan · $9.0B · 51,871 · 100th
- BOY $9.0B
- BOY 51,871
- BOY 100th
- BOY 401(k)
- BOY near Bristol-Myers Squibb Savings and Investment Program
- BOY ind #9246
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in North Carolina →
Truist Financial Corporation 401(k) Savings Plan in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Truist Financial Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $23.9B 11.676229271829822% vs 2022
- 2024 filing year
| 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.
- 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 (0.073% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.055% of 93,925,755 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)
Truist Financial Corporation 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside North Carolina, the nearest 401(k) by assets is Bristol-Myers Squibb Savings and Investment Program in NY ($9.0B); by covered participants it is Fidelity Retirement Savings Plan in MA (52,036 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($9.0B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (51,871 participants); asset peers above are excluded.
- Fidelity Retirement Savings Plan (MA) 52,036 · 165 off
- Ernst & Young Retirement Savings Plan (NJ) 52,975 · 1,104 off
- Robert Half International Inc. 401(k) Plan for Contract Talent (CA) 53,014 · 1,143 off
- Banner Health Employees 401(k) Plan (AZ) 50,602 · 1,269 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.