Plan Snapshot
- Plan Sponsor: Truist Financial Corporation
- Sponsor EIN: 560939887
- Sponsor Address: 214 N. TRYON STREET, CHARLOTTE, NC, 28202
- Plan Type: DB
- Total Participants: 33,167
- Total Assets: $14.7B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 33,167 | $14.7B | $0 | $0 |
| 2023 | 38,548 | $14.6B | $1.3B | $0 |
| 2022 | 45,818 | $12.5B | $430.9M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| AON CONSULTING | NONE | $7,873,709 | — | $7,873,709 |
| DODGE & COX FUNDS | NONE | $1,359,361 | — | $1,359,361 |
| FRANKLIN TEMPLETON LLC | NONE | $1,141,126 | — | $1,141,126 |
| WESTFIELD CAPITAL MANAGEMENT CO. | NONE | $1,133,106 | — | $1,133,106 |
| NISA INVESTMENT ADVISORS, LLC | NONE | $1,105,594 | — | $1,105,594 |
| L&G EMERGING MARKET | NONE | $924,218 | — | $924,218 |
| SILVERCREST ASSET MANAGEMENT GROUP | NONE | $815,064 | — | $815,064 |
| NB REAL ESTATE SECONDARY OPP FD LP | NONE | $148,539 | — | $148,539 |
| BRANCH BANKING AND TRUST COMPANY | SUBSIDARY | $119,274 | — | $119,274 |
| KILPATRICK TOWNSEND ATTORNEYS | NONE | $87,100 | — | $87,100 |
| PRIVATE MARKETS VII | NONE | $78,444 | — | $78,444 |
| INVESCO ADVISERS, INC | NONE | $29,933 | — | $29,933 |
| CARR, RIGGS AND INGRAM LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- AON CONSULTING — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,815,468
- Estimated Expense Ratio: 0.101% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $24,640,244 | $6,941,760 | — | — | — |
| 2023 | $27,250,931 | $7,785,884 | — | — | — |
| 2022 | $25,007,395 | $6,973,953 | — | — | $8,869,564 |