401k Plan data: SUNTRUST BANKS, INC. RETIREMENT PLAN plan

SUNTRUST BANKS, INC. RETIREMENT PLAN 401k Plan overview

Plan Name	SUNTRUST BANKS, INC. RETIREMENT PLAN
Plan identification number	002

SUNTRUST BANKS, INC. RETIREMENT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily pay related
Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

TRUIST FINANCIAL CORPORATION has sponsored the creation of one or more 401k plans.

Company Name: TRUIST FINANCIAL CORPORATION

Employer identification number (EIN): 560939887

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUNTRUST BANKS, INC. RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2020-01-01
002 2019-01-01

Plan Statistics for SUNTRUST BANKS, INC. RETIREMENT PLAN

401k plan membership statisitcs for SUNTRUST BANKS, INC. RETIREMENT PLAN

Measure Date Value
2020: SUNTRUST BANKS, INC. RETIREMENT PLAN 2020 401k membership
Market value of plan assets 2020-09-30 4,143,671,207
Acturial value of plan assets 2020-09-30 4,143,671,207
Funding target for retired participants and beneficiaries receiving payment 2020-09-30 988,064,839
Number of terminated vested participants 2020-09-30 16,359
Fundng target for terminated vested participants 2020-09-30 677,309,332
Active participant vested funding target 2020-09-30 423,318,954
Number of active participants 2020-09-30 7,951
Total funding liabilities for active participants 2020-09-30 426,909,670
Total participant count 2020-09-30 36,518
Total funding target for all participants 2020-09-30 2,092,283,841
Balance at beginning of prior year after applicable adjustments 2020-09-30 629,794,201
Prefunding balance at beginning of prior year after applicable adjustments 2020-09-30 0
Carryover balanced portion elected for use to offset prior years funding requirement 2020-09-30 0
Prefunding balanced used to offset prior years funding requirement 2020-09-30 0
Amount remaining of carryover balance 2020-09-30 629,794,201
Amount remaining of prefunding balance 2020-09-30 0
Present value of excess contributions 2020-09-30 779,322,918
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-09-30 822,263,611
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-09-30 822,263,611
Reductions in caryover balances due to elections or deemed elections 2020-09-30 0
Reductions in prefunding balances due to elections or deemed elections 2020-09-30 0
Balance of carryovers at beginning of current year 2020-09-30 761,484,168
Balance of prefunding at beginning of current year 2020-09-30 822,263,611
Total employer contributions 2020-09-30 0
Total employee contributions 2020-09-30 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-09-30 0
Contributions made to avoid restrictions adjusted to valuation date 2020-09-30 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-09-30 0
Unpaid minimum required contributions for all prior years 2020-09-30 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-09-30 0
Remaining amount of unpaid minimum required contributions 2020-09-30 0
Minimum required contributions for current year target normal cost 2020-09-30 1,022,759
Net shortfall amortization installment of oustanding balance 2020-09-30 0
Waiver amortization installment 2020-09-30 0
Total funding amount beforereflecting carryover/prefunding balances 2020-09-30 0
Carryover balance elected to use to offset funding requirement 2020-09-30 0
Prefunding balance elected to use to offset funding requirement 2020-09-30 0
Additional cash requirement 2020-09-30 0
Contributions allocatedtoward minimum required contributions for current year 2020-09-30 0
Unpaid minimum required contributions for current year 2020-09-30 0
Unpaid minimum required contributions for all years 2020-09-30 0
Total participants, beginning-of-year 2020-01-01 36,443
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 0
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 0
Total of all active and inactive participants 2020-01-01 0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 0
2019: SUNTRUST BANKS, INC. RETIREMENT PLAN 2019 401k membership
Market value of plan assets 2019-12-31 2,868,229,835
Acturial value of plan assets 2019-12-31 2,868,229,835
Funding target for retired participants and beneficiaries receiving payment 2019-12-31 949,304,808
Number of terminated vested participants 2019-12-31 17,245
Fundng target for terminated vested participants 2019-12-31 688,497,563
Active participant vested funding target 2019-12-31 427,660,645
Number of active participants 2019-12-31 8,507
Total funding liabilities for active participants 2019-12-31 432,516,864
Total participant count 2019-12-31 37,505
Total funding target for all participants 2019-12-31 2,070,319,235
Balance at beginning of prior year after applicable adjustments 2019-12-31 649,942,416
Prefunding balance at beginning of prior year after applicable adjustments 2019-12-31 0
Carryover balanced portion elected for use to offset prior years funding requirement 2019-12-31 0
Prefunding balanced used to offset prior years funding requirement 2019-12-31 0
Amount remaining of carryover balance 2019-12-31 649,942,416
Amount remaining of prefunding balance 2019-12-31 0
Present value of excess contributions 2019-12-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-12-31 0
Reductions in caryover balances due to elections or deemed elections 2019-12-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-12-31 0
Balance of carryovers at beginning of current year 2019-12-31 629,794,201
Balance of prefunding at beginning of current year 2019-12-31 0
Total employer contributions 2019-12-31 819,971,063
Total employee contributions 2019-12-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-12-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-12-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-12-31 779,322,918
Unpaid minimum required contributions for all prior years 2019-12-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-12-31 0
Remaining amount of unpaid minimum required contributions 2019-12-31 0
Minimum required contributions for current year target normal cost 2019-12-31 4,700,000
Net shortfall amortization installment of oustanding balance 2019-12-31 0
Waiver amortization installment 2019-12-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-12-31 0
Carryover balance elected to use to offset funding requirement 2019-12-31 0
Prefunding balance elected to use to offset funding requirement 2019-12-31 0
Additional cash requirement 2019-12-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-12-31 779,322,918
Unpaid minimum required contributions for current year 2019-12-31 0
Unpaid minimum required contributions for all years 2019-12-31 0
Total participants, beginning-of-year 2019-01-01 37,447
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 7,951
Number of retired or separated participants receiving benefits 2019-01-01 11,362
Number of other retired or separated participants entitled to future benefits 2019-01-01 16,176
Total of all active and inactive participants 2019-01-01 35,489
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 954
Total participants 2019-01-01 36,443
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 0

Measure	Date	Value
2020: SUNTRUST BANKS, INC. RETIREMENT PLAN 2020 401k membership
Market value of plan assets	2020-09-30	4,143,671,207
Acturial value of plan assets	2020-09-30	4,143,671,207
Funding target for retired participants and beneficiaries receiving payment	2020-09-30	988,064,839
Number of terminated vested participants	2020-09-30	16,359
Fundng target for terminated vested participants	2020-09-30	677,309,332
Active participant vested funding target	2020-09-30	423,318,954
Number of active participants	2020-09-30	7,951
Total funding liabilities for active participants	2020-09-30	426,909,670
Total participant count	2020-09-30	36,518
Total funding target for all participants	2020-09-30	2,092,283,841
Balance at beginning of prior year after applicable adjustments	2020-09-30	629,794,201
Prefunding balance at beginning of prior year after applicable adjustments	2020-09-30	0
Carryover balanced portion elected for use to offset prior years funding requirement	2020-09-30	0
Prefunding balanced used to offset prior years funding requirement	2020-09-30	0
Amount remaining of carryover balance	2020-09-30	629,794,201
Amount remaining of prefunding balance	2020-09-30	0
Present value of excess contributions	2020-09-30	779,322,918
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-09-30	822,263,611
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-09-30	822,263,611
Reductions in caryover balances due to elections or deemed elections	2020-09-30	0
Reductions in prefunding balances due to elections or deemed elections	2020-09-30	0
Balance of carryovers at beginning of current year	2020-09-30	761,484,168
Balance of prefunding at beginning of current year	2020-09-30	822,263,611
Total employer contributions	2020-09-30	0
Total employee contributions	2020-09-30	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-09-30	0
Contributions made to avoid restrictions adjusted to valuation date	2020-09-30	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-09-30	0
Unpaid minimum required contributions for all prior years	2020-09-30	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-09-30	0
Remaining amount of unpaid minimum required contributions	2020-09-30	0
Minimum required contributions for current year target normal cost	2020-09-30	1,022,759
Net shortfall amortization installment of oustanding balance	2020-09-30	0
Waiver amortization installment	2020-09-30	0
Total funding amount beforereflecting carryover/prefunding balances	2020-09-30	0
Carryover balance elected to use to offset funding requirement	2020-09-30	0
Prefunding balance elected to use to offset funding requirement	2020-09-30	0
Additional cash requirement	2020-09-30	0
Contributions allocatedtoward minimum required contributions for current year	2020-09-30	0
Unpaid minimum required contributions for current year	2020-09-30	0
Unpaid minimum required contributions for all years	2020-09-30	0
Total participants, beginning-of-year	2020-01-01	36,443
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	0
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	0
Total of all active and inactive participants	2020-01-01	0
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	0
2019: SUNTRUST BANKS, INC. RETIREMENT PLAN 2019 401k membership
Market value of plan assets	2019-12-31	2,868,229,835
Acturial value of plan assets	2019-12-31	2,868,229,835
Funding target for retired participants and beneficiaries receiving payment	2019-12-31	949,304,808
Number of terminated vested participants	2019-12-31	17,245
Fundng target for terminated vested participants	2019-12-31	688,497,563
Active participant vested funding target	2019-12-31	427,660,645
Number of active participants	2019-12-31	8,507
Total funding liabilities for active participants	2019-12-31	432,516,864
Total participant count	2019-12-31	37,505
Total funding target for all participants	2019-12-31	2,070,319,235
Balance at beginning of prior year after applicable adjustments	2019-12-31	649,942,416
Prefunding balance at beginning of prior year after applicable adjustments	2019-12-31	0
Carryover balanced portion elected for use to offset prior years funding requirement	2019-12-31	0
Prefunding balanced used to offset prior years funding requirement	2019-12-31	0
Amount remaining of carryover balance	2019-12-31	649,942,416
Amount remaining of prefunding balance	2019-12-31	0
Present value of excess contributions	2019-12-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-12-31	0
Reductions in caryover balances due to elections or deemed elections	2019-12-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-12-31	0
Balance of carryovers at beginning of current year	2019-12-31	629,794,201
Balance of prefunding at beginning of current year	2019-12-31	0
Total employer contributions	2019-12-31	819,971,063
Total employee contributions	2019-12-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-12-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-12-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-12-31	779,322,918
Unpaid minimum required contributions for all prior years	2019-12-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-12-31	0
Remaining amount of unpaid minimum required contributions	2019-12-31	0
Minimum required contributions for current year target normal cost	2019-12-31	4,700,000
Net shortfall amortization installment of oustanding balance	2019-12-31	0
Waiver amortization installment	2019-12-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-12-31	0
Carryover balance elected to use to offset funding requirement	2019-12-31	0
Prefunding balance elected to use to offset funding requirement	2019-12-31	0
Additional cash requirement	2019-12-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-12-31	779,322,918
Unpaid minimum required contributions for current year	2019-12-31	0
Unpaid minimum required contributions for all years	2019-12-31	0
Total participants, beginning-of-year	2019-01-01	37,447
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	7,951
Number of retired or separated participants receiving benefits	2019-01-01	11,362
Number of other retired or separated participants entitled to future benefits	2019-01-01	16,176
Total of all active and inactive participants	2019-01-01	35,489
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	954
Total participants	2019-01-01	36,443
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	0

Financial Data on SUNTRUST BANKS, INC. RETIREMENT PLAN

Measure	Date	Value
2020 : SUNTRUST BANKS, INC. RETIREMENT PLAN 2020 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2020-09-30	$121,931,275
Total unrealized appreciation/depreciation of assets	2020-09-30	$121,931,275
Total transfer of assets from this plan	2020-09-30	$4,281,486,408
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-09-30	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-09-30	$1,089,702
Total income from all sources (including contributions)	2020-09-30	$259,891,927
Total loss/gain on sale of assets	2020-09-30	$57,516,867
Total of all expenses incurred	2020-09-30	$120,987,670
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-09-30	$119,993,150
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-09-30	$0
Value of total assets at end of year	2020-09-30	$0
Value of total assets at beginning of year	2020-09-30	$4,143,671,853
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-09-30	$994,520
Total interest from all sources	2020-09-30	$46,006,544
Total dividends received (eg from common stock, registered investment company shares)	2020-09-30	$34,430,032
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-09-30	Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan	2020-09-30	$0
Total dividends received from registered investment company shares (eg mutual funds)	2020-09-30	$8,494,385
Administrative expenses professional fees incurred	2020-09-30	$222,961
Was this plan covered by a fidelity bond	2020-09-30	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-09-30	$0
Were there any nonexempt tranactions with any party-in-interest	2020-09-30	No
Assets. Other investments not covered elsewhere at end of year	2020-09-30	$0
Assets. Other investments not covered elsewhere at beginning of year	2020-09-30	$167,215,235
Value of other receiveables (less allowance for doubtful accounts) at end of year	2020-09-30	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2020-09-30	$16,083,251
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2020-09-30	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2020-09-30	$644
Other income not declared elsewhere	2020-09-30	$7,209
Administrative expenses (other) incurred	2020-09-30	$1,375
Liabilities. Value of operating payables at end of year	2020-09-30	$0
Liabilities. Value of operating payables at beginning of year	2020-09-30	$1,089,058
Total non interest bearing cash at end of year	2020-09-30	$0
Total non interest bearing cash at beginning of year	2020-09-30	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-09-30	No
Value of net income/loss	2020-09-30	$138,904,257
Value of net assets at end of year (total assets less liabilities)	2020-09-30	$0
Value of net assets at beginning of year (total assets less liabilities)	2020-09-30	$4,142,582,151
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-09-30	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-09-30	No
Were any leases to which the plan was party in default or uncollectible	2020-09-30	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-09-30	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-09-30	$99,190,585
Interest earned on other investments	2020-09-30	$6,461,019
Income. Interest from US Government securities	2020-09-30	$5,978,790
Income. Interest from corporate debt instruments	2020-09-30	$33,566,735
Asset value of US Government securities at end of year	2020-09-30	$0
Asset value of US Government securities at beginning of year	2020-09-30	$27,487,658
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-09-30	Yes
Was there a failure to transmit to the plan any participant contributions	2020-09-30	No
Has the plan failed to provide any benefit when due under the plan	2020-09-30	No
Income. Dividends from common stock	2020-09-30	$25,935,647
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-09-30	$119,993,150
Asset. Corporate debt instrument debt (other) at end of year	2020-09-30	$0
Asset. Corporate debt instrument debt (other) at beginning of year	2020-09-30	$1,407,328,729
Contract administrator fees	2020-09-30	$770,184
Assets. Corporate common stocks other than exployer securities at end of year	2020-09-30	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2020-09-30	$2,426,366,395
Liabilities. Value of benefit claims payable at end of year	2020-09-30	$0
Liabilities. Value of benefit claims payable at beginning of year	2020-09-30	$0
Did the plan have assets held for investment	2020-09-30	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-09-30	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-09-30	Yes
Aggregate proceeds on sale of assets	2020-09-30	$1,492,474,207
Aggregate carrying amount (costs) on sale of assets	2020-09-30	$1,434,957,340
Opinion of an independent qualified public accountant for this plan	2020-09-30	Unqualified
Accountancy firm name	2020-09-30	CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN	2020-09-30	721396621
2019 : SUNTRUST BANKS, INC. RETIREMENT PLAN 2019 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2019-12-31	$351,067,672
Total unrealized appreciation/depreciation of assets	2019-12-31	$351,067,672
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$1,089,702
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$1,225,298
Total income from all sources (including contributions)	2019-12-31	$1,419,007,132
Total loss/gain on sale of assets	2019-12-31	$115,693,007
Total of all expenses incurred	2019-12-31	$143,435,517
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$133,657,034
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$819,971,063
Value of total assets at end of year	2019-12-31	$4,143,671,853
Value of total assets at beginning of year	2019-12-31	$2,868,235,834
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$9,778,483
Total interest from all sources	2019-12-31	$112,951,589
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$19,226,873
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$8,574,174
Administrative expenses professional fees incurred	2019-12-31	$594,148
Was this plan covered by a fidelity bond	2019-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2019-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Assets. Other investments not covered elsewhere at end of year	2019-12-31	$167,215,235
Assets. Other investments not covered elsewhere at beginning of year	2019-12-31	$103,551,830
Value of other receiveables (less allowance for doubtful accounts) at end of year	2019-12-31	$16,083,251
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2019-12-31	$23,517,543
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2019-12-31	$644
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2019-12-31	$6,000
Other income not declared elsewhere	2019-12-31	$96,928
Administrative expenses (other) incurred	2019-12-31	$3,004,223
Liabilities. Value of operating payables at end of year	2019-12-31	$1,089,058
Liabilities. Value of operating payables at beginning of year	2019-12-31	$1,217,807
Total non interest bearing cash at end of year	2019-12-31	$0
Total non interest bearing cash at beginning of year	2019-12-31	$229,187
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$1,275,571,615
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$4,142,582,151
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$2,867,010,536
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$4,889,996
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$99,190,585
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$84,232,451
Interest earned on other investments	2019-12-31	$12,553,426
Income. Interest from US Government securities	2019-12-31	$22,186,447
Income. Interest from corporate debt instruments	2019-12-31	$78,211,716
Asset value of US Government securities at end of year	2019-12-31	$27,487,658
Asset value of US Government securities at beginning of year	2019-12-31	$132,765,933
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$819,971,063
Income. Dividends from common stock	2019-12-31	$10,652,699
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$133,657,034
Asset. Corporate debt instrument debt (other) at end of year	2019-12-31	$1,407,328,729
Asset. Corporate debt instrument debt (other) at beginning of year	2019-12-31	$2,157,252,095
Contract administrator fees	2019-12-31	$1,290,116
Assets. Corporate common stocks other than exployer securities at end of year	2019-12-31	$2,426,366,395
Assets. Corporate common stocks other than exployer securities at beginning of year	2019-12-31	$366,686,795
Liabilities. Value of benefit claims payable at end of year	2019-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2019-12-31	$1,491
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Aggregate proceeds on sale of assets	2019-12-31	$5,017,652,962
Aggregate carrying amount (costs) on sale of assets	2019-12-31	$4,901,959,955
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	No
Opinion of an independent qualified public accountant for this plan	2019-12-31	Unqualified
Accountancy firm name	2019-12-31	CARR, RIGGS & INGRAM, LLC
Accountancy firm EIN	2019-12-31	721396621

Form 5500 Responses for SUNTRUST BANKS, INC. RETIREMENT PLAN

2020: SUNTRUST BANKS, INC. RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	Yes
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	Yes
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: SUNTRUST BANKS, INC. RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Insurance	Yes
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement – Insurance	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	TRUIST FINANCIAL CORPORATION
Employer identification number (EIN):	560939887
NAIC Classification:	522110
NAIC Description:	Commercial Banking