Truist Financial Corporation
Overview
Truist Financial Corporation sponsors a self-funded health plan that covered 43,030 participants in plan year 2025, down 20% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 43,030 · prior year 53,517
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- Truist Financial Corporation Employee Benefit Plan, plan 508 (43,030 participants)
- Broker compensation
- $2.9M across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| Hartford Life and Accident | Life, Long-term disability, Accidental Death & Dismemberment | 52,416 | $43.1M | $1.4M |
| Unum Insurance Company | Accident, Specified Disease, Hospital Indemnity | 8,926 | $5.7M | $1.5M |
| ComPsych Corporation | Employee Assistance Program | 39,173 | $455K | — |
| Unum Life Insurance Company of America | Critical Illness, Accident, Hospital Ind | 222 | $87K | $17K |
| Hartford Fire Insurance Company | Business Travel Accident | 56,977 | — | — |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 43,030 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- Truist Financial Corporation
- Sponsor EIN
- 56-0939887
- Plan number
- 508
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 56-0939887 in the Department of Labor's EFAST2 Form 5500 search.
Retirement plan
- Plan
- Truist Financial Corporation Pension Plan
- Type
- Pension plan
- Participants
- 92,388
About this data
Source: Truist Financial Corporation's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Truist Financial Corporation.