Truist Bank
custodian13 known aliases resolved via the canonical alias map
Market position · 2024
Plans served49+2 YoYRank #382 of mapped providers
Assets under administration$27.2B0.0%Market share · rank #528
Fees received$3MMedian $30,339/planSum across Schedule C direct + indirect
Net wins YoY+212 won · 10 lostPlan-level switch detection
Plans served · 5-year trajectory
Market-share plans percent annotated. Bar height is raw plan count.
Customer-base shape
What does a typical Truist Bank plan look like?
Service mix · median fees per plan
Count of plans where Truist Bank ships each service code, and the median compensation they report under it.
| Service | Plans | Median fees | Distribution |
|---|---|---|---|
Trustee (bank, trust company, or similar financial institution); Direct payment from the planCode 21 | 17 | $18,319 | |
Investment management; Direct payment from the planCode 28 | 15 | $56,020 | |
Float revenue; Custodial (securities); Direct payment from the plan; Trustee (directed); Trustee (bank, trust company, or similar financial institution)Code 19 | 5 | $51,025 | |
Direct payment from the plan; Claims processing; Contract AdministratorCode 12 | 2 | $135,205 | |
Float revenue; Custodial (securities); Custodial (other than securities)Code 18 | 2 | $1,929 | |
Investment advisory (participants); Direct payment from the planCode 26 | 2 | $199,765 | |
Investment advisory (plan)Code 27 | 2 | $3,872 | |
Other servicesCode 49 | 2 | $35,469 |
Competitor overlap
Percent of Truist Bank's plans that also list each competitor on Schedule C. High numbers = co-living partners; low numbers = direct displacement targets.
Plans won in 2024
Appeared this year; did not appear last year under Truist Bank.
| Sponsor | From | Assets |
|---|---|---|
BOARD OF TRUSTEES SEAFARERS PENSION PLANMD · 136100329-001 | Buchbinder Tunick & Company LLP | $2.1B |
BEACON SALES ACQUISITION, INC.VA · 364173366-001 | CAPTRUST | $654M |
VERADIGM LLCNC · 561306083-004 | Charles Schwab | $605M |
CLARIANT CORPORATIONNC · 561356629-001 | FORVIS | $330M |
TRUSTEES OF I.B.E.W. LOCAL NO. 728 PENSION FUNDFL · 596510428-001 | Truist | $72M |
TRUSTEES OF THE PLUMBERS AND PIPEFITTERS LOCAL 123 PENSION FUNDFL · 596164124-001 | Hardman Johnston Global Advisors | $67M |
ELMA ELECTRONIC INC.CA · 133276071-001 | The Monroe Vos Consulting Group Inc. | $64M |
KEYWORDS US HOLDINGS, INC.WA · 611859078-001 | Orenda Retirement LLC | $48M |
MALCO PRODUCTS, INC.OH · 340838177-002 | Ascensus | $18M |
O&H DANISH BAKERY, INC.WI · 391258596-001 | Johnson Bank | $9M |
Plans lost in 2024
Appeared last year under Truist Bank; not this year.
| Sponsor | To | Assets |
|---|---|---|
SOUTHWEST AIRLINES COMPANYTX · 741563240-003 | Texas Bank and Trust Company | $9.1B |
AMERITEAM SERVICES, LLCTN · 472129748-002 | Inwest Retirement Solutions, Inc. | $1.6B |
BROWN & BROWN, INC.FL · 590864469-002 | PREVAIL INNOVATIVE WEALTH ADVISORS | $1.5B |
BENJAMIN MOORE & CO.NJ · 135256230-001 | EQUITABLE | $256M |
EASTERN RADIOLOGISTS, INC.NC · 560994806-003 | Charles Schwab | $113M |
ARROW INTERNATIONAL, INC.OH · 341018618-001 | Charles Schwab | $86M |
GRMC, INC.MD · 871846814-001 | PNC Bank | $39M |
CHATTEM, INC.TN · 620156300-001 | (new plan) | $116,989 |
INSTITUTE OF NUCLEAR POWER OPERATIONSGA · 581382198-002 | (new plan) | $59,014 |
Top plans by assets
Searchable full list lands with the commercial layer.
| Plan | Assets | Participants | Fees | Tenure | Flags |
|---|---|---|---|---|---|
UNITED AIRLINES, INC.IL · 742099724-202 | $16.8B | 20,168 | $275,053 | 7y | 1 |
THE HEARST CORPORATIONNC · 130433120-048 | $2.4B | 15,881 | $195,867 | 4y | - |
BOARD OF TRUSTEES SEAFARERS PENSION PLANMD · 136100329-001 | $2.1B | 17,705 | $63,453 | 1y | - |
INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERSMD · 536001417-004 | $888M | 2,728 | $51,025 | 3y | - |
BEACON SALES ACQUISITION, INC.VA · 364173366-001 | $654M | 9,580 | $20,187 | 1y | 1 |
VERADIGM LLCNC · 561306083-004 | $605M | 4,107 | $46,521 | 1y | 1 |
THE HEARST CORPORATIONNC · 130433120-049 | $416M | 4,738 | $74,543 | 4y | - |
UCOR LLCTN · 852867528-335 | $343M | 1,919 | $111,150 | 4y | - |
CLARIANT CORPORATIONNC · 561356629-001 | $330M | 1,868 | $17,780 | 1y | 2 |
TRUSTEES OF JACKSONVILLE PLUMBERS AND PIPEFITTERSTN · 596168181-001 | $288M | 1,915 | $65,778 | 3y | - |
Flag exposure
91.8%Market: 89.1%
This provider
Market baseline
Share of this provider's plans tripping any deterministic red flag this year. Lower than market baseline = better risk surface.
Aliases resolved (13)
Raw Schedule C names collapsed into Truist Bank.
- JOHNSON STONE & PAGANO, P.S.
- JOHNSON WEALTH INC
- JOHNSON, STONE & PAGANOS, P.S.
- JOHNSON, STONE, & PAGANOS, P.S
- JOHNSON, VICKY M.
- TRUIST BANK
- TRUIST BANK (FKA BB&T COMPANY)
- TRUIST BANK (FKA BB&T)
- TRUIST BANK (FKA BRANCH BANKING & T
- TRUIST BANK (FKA BRANCH BANKING)
- TRUIST BANK FKA BRANCH BANKING & TR
- TRUIST BANK FNA BRANCH BANKING & TR
- TRUIST BANK(FKA BB&T COMPANY)
Book composition by plan size
Bars stack to total plans served; segments use the same asset cutoffs as the /plans size filter. Up-and-to-the-right on the bigger segments = moving up-market.
Under $5M$5-50M$50-250M$250M-1B$1B+
Compliance posture vs market
Per-flag share for Truist Bank's book against the same flag's overall prevalence across all filings. Negative delta = under-indexed (cleaner book); positive = elevated risk surface.
| Flag | Plans flagged | Provider % | Market % | Delta |
|---|---|---|---|---|
| Recently terminated | 2 | 4.08% | 7.76% | -3.68 pp |
| Fidelity bond gap | 0 | 0.00% | 26.94% | -26.94 pp |
| Late contributions | 4 | 8.16% | 1.71% | +6.45 pp |
| Failed to provide benefit | 0 | 0.00% | 0.14% | -0.14 pp |
| Corrective distributions | 11 | 22.45% | 1.76% | +20.69 pp |
| Loss discovered | 0 | 0.00% | 0.00% | -0.00 pp |
New-plan formation share
Share of plans filing for the first time each year that landed with Truist Bank. Compare to the incumbent market share (0.1%) - higher = winning new business, lower = coasting on existing relationships.
0.0%-0.1 pp vs incumbent
Frequent partners by role
Who else shows up on Truist Bank's plans most often. Switch tabs by counterparty role - high-overlap names are either referral channels (advisors, auditors) or competitive blocks (other recordkeepers).
| Partner | Shared plans | % of book |
|---|---|---|
| Marsh McLennan | 5 | 10.2% |
| WTW | 5 | 10.2% |
| Aon | 4 | 8.2% |
| Mercer | 3 | 6.1% |
| Segal Marco Advisors | 3 | 6.1% |
| WM G. Barth & Associates, Inc. | 3 | 6.1% |
| American Realty Advisors | 2 | 4.1% |
| Curcio Webb, LLC | 2 | 4.1% |
| Foundry Partners LLC | 2 | 4.1% |
| Morningstar Investment Management | 2 | 4.1% |
Geographic penetration index
(Provider plans in state / state plans) divided by the provider's overall share of the market. Index 1.00 = average; > 1 = over-indexed (winning more than their fair share); < 1 = under-indexed (white space).