Defined Benefit (Pension) · DOL Form 5500 · 2024

Truist Financial Corporation Pension Plan

Data updated 2026-07-24

$14.7B
Total assets: 38,548
Participants: 100th
Percentile by assets: $381,308
Avg per participant

Official DOL plan name: Truist Financial Corporation Pension Plan · Sponsored by Truist Financial Corporation · North Carolina · Finance & Insurance

$14.7B in assets, 38,548 participants

Truist Financial Corporation's Truist Financial Corporation Pension Plan reported $14.7B in total assets and 38,548 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.

100th percentile by assets (of 116,472 plans)

Coverage in North Carolina

Truist Financial Corporation Pension Plan covers 38,548 participants in North Carolina, 46x the typical North Carolina plan (state average ~846 per filing). Assets: $14.7B.

$14.7B
total plan assets (2024 EOY): 38,548
covered participants: 100th
percentile by assets (of 116,472 plans): $381,308
avg assets per participant

Truist Financial Corporation Pension Plan reported net income fell from $2.1B in the plan year 2023 filing to $123M in the plan year 2024 filing.
Truist Financial Corporation Pension Plan reported participants fell from 45,818 in the plan year 2023 filing to 38,548 in the plan year 2024 filing.
Truist Financial Corporation Pension Plan end-of-year assets rose from $14.6B in the plan year 2023 filing to $14.7B in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

North Carolina

Industry

Finance & Insurance

Participants vs North Carolina filers

In North Carolina, the average filing covers about 846 participants across 3,325 plans. Truist Financial Corporation Pension Plan reports 38,548 participants - 46x that state average ($14.7B EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$14.6B
Net Assets (End of Year)	$14.7B
Net Income	$123M
Employer EIN	560939887
Plan Effective Date	1944-10-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Truist Financial Corporation)

Total plan assets by year, all Truist Financial Corporation plans on file

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.

Truist Financial Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants

Honeywell Retirement Earnings Plan $16.6B · 9,923
Duke Energy Retirement Cash Balance Plan $4.7B · 13,576
The Hearst Corporation Retirement Plan $2.4B · 1,745
Duke Energy Legacy Pension Plan $2.4B · 300
Time Warner Cable Pension Plan $2.3B · 15,757

Compare Truist Financial Corporation Pension Pla… side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Truist Financial Corporation Pension Plan by total assets, not by location.

Iam National Pension Fund (DC) $15.0B · 102,493
The Southern Company Pension Plan (GA) $15.3B · 25,843
The Boeing Company Employee Retirement Plan (WA) $15.4B · 31,398
Consolidated Edison Retirement Plan (NY) $15.6B · 10,608

Frequently Asked Questions

How did Truist Financial Corporation Pension Plan assets move in 2024? ▼

Truist Financial Corporation Pension Plan held essentially flat - up 0.8% during 2024, from $14.6B to $14.7B. Reported net income was $123M.

How have Truist Financial Corporation plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Truist Financial Corporation's sponsor-wide assets grew 11.7%, from $21.4B to $23.9B.

Where does Truist Financial Corporation Pension Plan rank by assets among Form 5500 filers? ▼

Truist Financial Corporation Pension Plan ranks in the 100th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which Defined Benefit (Pension) plans are similar in size to Truist Financial Corporation Pension Plan? ▼

Among Defined Benefit (Pension) plans in other states, the closest by assets is Iam National Pension Fund in DC ($15.0B, 102,493 participants).

Next read for Truist Financial Corporation Pension Pla…

Filing takeaways

Ways to act on Truist Financial Corporation Pension Plan's numbers.

By total assets, Truist Financial Corporation Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 560939887.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.