401(k) · DOL Form 5500 · 2024
Truist Financial Corporation 401(k) Plan
Data updated 2026-08-25
- $9.2B
- Total assets Very large vs avg
- 52,699
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $175,165
- 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
$9.2B in assets, 52,699 participants
Truist Financial Corporation's Truist Financial Corporation 401(k) Savings Plan reported $9.2B in total assets and 52,699 participants in its 2024 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.
- #8,524 in Finance & Insurance (8,549 peers)
Coverage in North Carolina
Truist Financial Corporation 401(k) Savings Plan covers 52,699 participants in North Carolina, 64x the typical North Carolina plan (state average ~819 per filing). Assets: $9.2B.
- #8,524
- in Finance & Insurance (8,549 peers)
- -8.8%
- assets change YoY
- 93×
- vs typical plan assets (national mean)
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 2024 · DOL Form 5500
$9,231,001,739 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Truist Financial Corporation 401(k) Savings Plan's mega-plan peer group by participant headcount
Plan-year 2024 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 (52,699 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Truist Financial Corporation 401(k) Savings Plan reported net income fell from $1.2B in the plan year 2023 filing to $830M in the plan year 2024 filing.
- Truist Financial Corporation 401(k) Savings Plan end-of-year assets fell from $10.1B in the plan year 2023 filing to $9.2B in the plan year 2024 filing.
- Truist Financial Corporation 401(k) Savings Plan reported participants fell from 55,480 in the plan year 2023 filing to 52,699 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 560939887 · Truist Financial Corporation PY 2024 · 401(k)
Truist Financial Corporation 401(k) Savings Plan · $9.2B · 52,699 · 100th
- PHOTO $9.2B
- PHOTO 52,699
- PHOTO 100th
- PHOTO 401(k)
- PHOTO near Adp Totalsource Retirement Savings Plan
- PHOTO ind #8524
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) | $10.1B |
|---|---|
| Net Assets (End of Year) | $9.2B |
| Net Income | $830M |
| 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 $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Charter Communications, Inc. 401(k) Savings Plan $8.9B · 102,013
Scale composition for Truist Financial Corporation 401(k) Savings Plan
Truist Financial Corporation 401(k) Savings Plan reports $9.2B in end-of-year assets across 52,699 participants (0.075% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.056% of 93,925,755 covered participants) - about $175,165 per participant (1.3x the national average assets-per-participant) . Net income for plan year 2024 was $830M.
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 | Open filing |
| 2023 | 55,480 | $10.1B | Open filing |
| 2024 · index core | 52,699 | $9.2B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Truist Financial Corporation Pension Plan (Defined Benefit (Pension), $14.7B, 38,548 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 Adp Totalsource Retirement Savings Plan in FL ($9.2B); by covered participants it is IBM 401(k) Plan in NY (52,674 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($9.2B here).
- Adp Totalsource Retirement Savings Plan (FL) $9.2B · 310,261
- The Southern Company Employee Savings Plan (GA) $9.3B · 27,802
- Booz Allen Hamilton Inc. Employees' Capital Accumulation Plan (VA) $9.3B · 34,650
- Salesforce 401(k) Plan (CA) $9.1B · 36,689
Similar participant headcount
Nearest other-state filings by covered participants (52,699 participants); asset peers above are excluded.
- IBM 401(k) Plan (NY) 52,674 · 25 off
- Providence Health & Services 403(b) Value Plan (WA) 52,776 · 77 off
- The Adecco Group 401(k) Plan (FL) 52,924 · 225 off
- Ahold USA, Inc. 401(k) Savings Plan for Union Associates (MA) 52,093 · 606 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.