Defined Benefit (Pension) · DOL Form 5500 · 2022
Truist Financial Corporation Pension Plan
Data updated 2026-08-25
- $12.5B
- Total assets Mega-plan scale
- 37,931
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $328,554
- Avg per participant High balance/head
Official DOL plan name: Truist Financial Corporation Pension Plan · Sponsored by Truist Financial Corporation · North Carolina · Finance & Insurance
$12.5B in assets, 37,931 participants
Truist Financial Corporation's Truist Financial Corporation Pension Plan reported $12.5B in total assets and 37,931 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.
- #9,253 in Finance & Insurance (9,261 peers)
Coverage in North Carolina
Truist Financial Corporation Pension Plan covers 37,931 participants in North Carolina, 46x the typical North Carolina plan (state average ~819 per filing). Assets: $12.5B.
- #9,253
- in Finance & Insurance (9,261 peers)
- -24.0%
- assets change YoY
- 125×
- vs typical plan assets (national mean)
The plan reported a net loss of $3.9B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Truist Financial Corporation Pension Plan's outsized position by total assets
Truist Financial Corporation Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$12,462,364,023 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 Pension 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 Pension Plan is a mega filing (37,931 participants), the rightmost band on the breakdown.
Plan-year Form 5500 strip
Filing strip 560939887 · Truist Financial Corporation PY 2022 · Defined Benefit (Pension)
Truist Financial Corporation Pension Plan · $12.5B · 37,931 · 100th
- IND $12.5B
- IND 37,931
- IND 100th
- IND Defined Benefit (Pension)
- IND near Pension and Retirement Plan
- IND ind #9253
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 Pension Plan in the asset neighbourhood
North Carolina filing particulars
| Total Assets (Beginning of Year) | $16.4B |
|---|---|
| Net Assets (End of Year) | $12.5B |
| Net Income | -$3.9B |
| Employer EIN | 560939887 |
| Plan Effective Date | 1944-10-01 |
| 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 Defined Benefit (Pension) Plans in North Carolina
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Honeywell Retirement Earnings Plan $17.0B · 12,452
- Duke Energy Legacy Pension Plan $4.0B · 346
- Duke Energy Retirement Cash Balance Plan $3.2B · 16,132
- Time Warner Cable Pension Plan $2.6B · 18,624
- Employees' Retirement Plan of Duke University $2.5B · 20,542
Scale composition for Truist Financial Corporation Pension Plan
Truist Financial Corporation Pension Plan reports $12.5B in end-of-year assets across 37,931 participants (0.10% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.040% of 93,925,755 covered participants) - about $328,554 per participant (2.4x the national average assets-per-participant) . Net income for plan year 2022 was -$3.9B.
This plan identity (EIN 560939887, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $12.5B to $14.7B (+17.9%) while covered participants moved from 37,931 to 38,548 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 37,931 | $12.5B | This page |
| 2023 | 45,818 | $14.6B | Open filing |
| 2024 · index core | 38,548 | $14.7B | 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 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside North Carolina, the nearest Defined Benefit (Pension) by assets is Pension and Retirement Plan in DE ($12.3B); by covered participants it is Retirement Plan of Johnson and Johnson in NJ (38,100 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($12.5B here).
- Pension and Retirement Plan (DE) $12.3B · 2,875
- The Prudential Merged Retirement Plan (NJ) $12.3B · 17,538
- Dow Employees' Pension Plan (MI) $13.0B · 13,759
- UPS/Ibt Full-Time Employee Pension Plan (GA) $11.9B · 68,592
Similar participant headcount
Nearest other-state filings by covered participants (37,931 participants); asset peers above are excluded.
- Retirement Plan of Johnson and Johnson (NJ) 38,100 · 169 off
- 1199seiu Home Care Employees Pension Fund (NY) 38,318 · 387 off
- Rocky Mountain Ufcw Unions and Employers Retail and Meat Pension Plan (CO) 39,196 · 1,265 off
- The Adjustable Plan of the Unite Here Retirement (NY) 39,683 · 1,752 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.