Retirement plan
SUNTRUST BANKS, INC. RETIREMENT PLAN
TRUIST FINANCIAL CORPORATIONEIN 56-0939887Plan #002PY 2020
214 N. TRYON STREET - CHARLOTTE, NC 28202800-716-2455
Other plans on this EIN
3 filingsProspect flagsRecently cancelled planLow returnsWind-down / frozen
Filing contacts
From the Form 5500, federal recordPlan administrator signer
STEVE REEDER
Signed 07/15/2021
Summary metrics
Total assets (EOY)
$0
No prior year
Total participants
0
No prior year
Average account balance
$0
No prior year
Annual return
-97.10%
+117.64 pp from 2020
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants<25
Cohort2,976 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $0
0
Employer contribution / active EE
$0
median $31,462
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $144,779
0
Admin fee / account holder
$0
median $5
1
Annual return
-97.10%
median 7.90%
Overall peer rank
1of 100
1st percentileavg across 6 metrics
Analytics
Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.
Service providers
Top 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CONDUENT2+ years Service code 13 · EIN 81-2983623 | Contract Administrator | $770,184 |
AON CONSULTING2+ years Service code 11 · EIN 22-2232264 | Actuarial | $201,961 |
CARR, RIGGS & INGRAM LLC2+ years Service code 10 · EIN 72-1396621 | Accounting | $21,000 |
LEXIS NEXIS2+ years Service code 29 112-118 WEST 20TH STREET · NEW YORK, NY 10011 | Legal | $1,374 |
Enrolled actuary
1 attachment
SB
JOY L. FERGUSON, ASA, EA
AON CONSULTING, INC.
Enrollment #2006805
3550 LENOX ROAD, SUITE 1700
ATLANTA, GA 30326
(404) 261-3400
Signed 2021-07-01
Top hat statement on fileNQDC
Filed October 18, 2004
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes1A1C1I3F3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 1IFrozen planAs 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.
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
3 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
- InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.
Expense breakdown
Schedule H Part II
Admin total
$995K
- Contract admin$770K77.4%
- Other / not subdivided$224K22.6%
% of EOY assets
-
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- CARR, RIGGS & INGRAM, LLC
- Auditor EIN
- 721396621
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified