DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

Truist Financial Corporation Pension Plan

Corporate pensionCharlotte, NC
Assets
$15B
Total assets, Dec 31, 2024 reported
Funded
80.5%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
29
4 managers on Schedule C
Plan sponsor: Truist Bank
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Interest-bearing cash 1.3%
  • Corporate debt instruments (preferred) 31.4%
  • U.S. Government securities 16.5%
  • Other investments 11.7%
  • Common/collective trusts 17.9%
  • Registered investment companies 1.6%
  • Common stock 18.5%
  • Real estate (other than employer real property) 0.5%
Consultants and advisers
3 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
29 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Genesis Emerging Markets Fundcollective trustGenesis Asset Managers,llpPublic equity$3 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Legal & General Collective Trust Mscollective trustLegal and GeneralPooled vehicles$8.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024CF L&g Msci Eafe Coll Invtcollective trustLegal and GeneralPooled vehicles$136M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Truist Intl Developed Growth Indexcollective trustInvesco Trust CompanyPooled vehicles$247M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Truist Intl Developed Value Indx Trcollective trustInvesco Trust CompanyPooled vehicles$146M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Causeway Intl Value Equity Cit Cl 2collective trustCauseway Capital Management LLCPublic equity$311M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Emerging Free Markets Country Fundcollective trustCity of London Investment Management Co LtdPooled vehicles$105M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024DRZ Emerging Markets LPcollective trustDeprince, Race & Zollo IncPublic equity$150M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Truist US Large Cap Core Index Tr-Ccollective trustInvesco Trust CompanyPublic equity$1.2B heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Harding Loevner Intl Dev Mkts Cit-Scollective trustGlobal Trust CompanyPooled vehicles$296M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Genesis Emerging Markets Fundcollective trustGenesis Asset Managers,llpPublic equity$1.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CF L&g Msci Eafe Coll Invtcollective trustLegal and GeneralPooled vehicles$60.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Truist Intl Developed Growth Indexcollective trustInvesco Trust CompanyPooled vehicles$531M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Truist Intl Developed Value Indx Trcollective trustInvesco Trust CompanyPooled vehicles$106M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Causeway Intl Value Equity Cit Cl 2collective trustCauseway Capital Management LLCPublic equity$255M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Emerging Free Markets Country Fundcollective trustCity of London Investment Management Co LtdPooled vehicles$98.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023DRZ Emerging Markets LPcollective trustDeprince, Race & Zollo IncPublic equity$133M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$320M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Truist US Large Cap Core Index Tr-Ccollective trustInvesco Trust CompanyPublic equity$1.0B heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Genesis Emerging Markets Fundcollective trustGenesis Asset Managers,llpPublic equity$140M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General Collective Trust Mscollective trustLegal and GeneralPooled vehicles$216M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CF L&g Msci Eafe Coll Invtcollective trustLegal and GeneralPooled vehicles$177M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General S&p 500 Cit Fundcollective trustLegal and GeneralPooled vehicles$878M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Legal & General Russell 1000 Growthcollective trustLegal and GeneralPooled vehicles$691M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Truist Intl Developed Growth Indexcollective trustInvesco Trust CompanyPooled vehicles$398M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Truist Intl Developed Value Indx Trcollective trustInvesco Trust CompanyPooled vehicles$111M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Causeway Intl Value Equity Cit Cl 2collective trustCauseway Capital Management LLCPublic equity$188M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Emerging Free Markets Country Fundcollective trustCity of London Investment Management Co LtdPooled vehicles$90.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022DRZ Emerging Markets LPcollective trustDeprince, Race & Zollo IncPublic equity$82.3M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$15B Dec 31, 2024 reported Form 5500
$15B (2023-12) · $12B (2022-12)
Plan assets
$15B Jan 1, 2024 reported Form 5500
$12B (2023-01) · $16B (2022-01)
Net assets
$15B Dec 31, 2024 reported Form 5500
$15B (2023-12) · $12B (2022-12)
Funded ratio
80.5% Jan 1, 2024 reported Form 5500
77.2% (2023-01) · 118.7% (2022-01)
Funding target
$6.6B Jan 1, 2024 reported Form 5500
$6.7B (2023-01) · $6.2B (2022-01)
Discount rate
5.23% Jan 1, 2024 reported Form 5500
5.36% (2023-01) · 5.52% (2022-01)
Participants
97,275 Jan 1, 2024 reported Form 5500
114,335 (2023-01) · 104,650 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$1.3B (2023-12) · $431M (2022-12)
Benefits paid
$318M Dec 31, 2024 reported Form 5500
$742M (2023-12) · $354M (2022-12)
Net investment income
$123M Dec 31, 2024 reported Form 5500
$2.1B (2023-12) · $-3.9B (2022-12)
Investment management fees
$6.9M Dec 31, 2024 reported Form 5500
$7.8M (2023-12) · $7.0M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202497,275$15B$6.6B80.5%$15Bn/an/a$79.5M
2023 to Dec 31, 2023114,335$12B$6.7B77.2%$15Bn/an/a$84.7M
2022 to Dec 31, 2022104,650$16B$6.2B118.7%$12Bn/an/a$59.4M
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
21 events
  • Dec 31, 2024Holding endedinference
    Truist Financial Corporation Pension Plan no longer reports Legal & General S&p 500 Cit Fund (Legal and General) (last held $320M at 2023-12-31; absent from the 2024-12-31 filing)
    with Legal and Generalaskebsa.dol.gov
  • Dec 31, 2024Holding started
    Truist Financial Corporation Pension Plan first reports an interest in Harding Loevner Intl Dev Mkts Cit-S: $296M at 2024-12-31
    with Harding Loevner Intl Dev Mkts Cit-Saskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Private Markets VII appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Private Markets VIIaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Principal Digital Real Estate Fund no longer appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Principal Digital Real Estate Fundaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    NB Real Estate Secondary Opp Fd LP appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with NB Real Estate Secondary Opp Fd LPaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    Invesco Advisers, Inc appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Invesco Advisers, Inc.askebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Genesis Advisors LLC no longer appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Genesis Advisors LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship started
    L&g Emerging Market appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with L&g Emerging Marketaskebsa.dol.gov
  • Jan 1, 2024Funded status changed
    Truist Financial Corporation Pension Plan funded ratio 77.2% -> 80.5% (2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Jan 1, 2024Assets changed
    Truist Financial Corporation Pension Plan plan assets $12.5B -> $14.6B (+16.8%, 2023-01-01 to 2024-01-01)
    askebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Truist Financial Corporation Pension Plan no longer reports Legal & General Russell 1000 Growth (Legal and General) (last held $691M at 2022-12-31; absent from the 2023-12-31 filing)
    with Legal and Generalaskebsa.dol.gov
  • Dec 31, 2023Holding started
    Truist Financial Corporation Pension Plan first reports an interest in Truist US Large Cap Core Index Tr-C (Invesco Trust Company): $1.0B at 2023-12-31
    with Invesco Trust Companyaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Kri no longer appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Kriaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Morgan Stanley no longer appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Morgan Stanleyaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Principal Digital Real Estate Fund appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Principal Digital Real Estate Fundaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Legal & General Investment Manageme no longer appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Legal & General Investment Managemeaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Carlyle no longer appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Carlyleaskebsa.dol.gov
  • Dec 31, 2023Manager relationship endedinference
    Invesco Ltd no longer appears on Truist Financial Corporation Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Invescoaskebsa.dol.gov
  • Dec 31, 2023Assets changed
    Truist Financial Corporation Pension Plan total assets $12.5B -> $14.6B (+17.0%, 2022-12-31 to 2023-12-31)
    askebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Truist Financial Corporation Pension Plan funded ratio 118.7% -> 77.2% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Truist Financial Corporation Pension Plan plan assets $16.4B -> $12.5B (-24.0%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 560939887-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.