Truist Financial Corporation 401(k): best low-cost funds
Truist Financial Corporation 401(k) Savings Plan · Plan #003 · Charlotte, NC
Suggested simple Boglehead mix
The public data doesn't show enough index funds from this plan to suggest a full mix. A typical Boglehead approach: look in your menu for a US total market or S&P 500 index fund, an international index fund, and a US bond index fund, all with expense ratios under about 0.10%. Or use one low-cost target-date index fund. How the 3-fund portfolio works.
Know this plan's fund menu? Submit it and we'll add a fund-by-fund pick list.
Pooled funds named in the filing (Schedule D)
These are collective trusts and similar pooled funds the plan reported holding. Names that look like index funds are tagged index by keyword, so check them yourself. Mutual funds are not listed by name in the free data.
| Fund | Manager | Type | Plan's holding |
|---|---|---|---|
| SP 500 Index PL CL F index | Geode Capital Management, LLC | Common/collective trust | $1.7B |
| MFS Growth 5 | MFS Heritage Trust Company | Common/collective trust | $737.5M |
| SP LC Value Index F index | Geode Capital Management, LLC | Common/collective trust | $610.6M |
| Vanguard Target 2035 | Vanguard Fiduciary Trust Company | Common/collective trust | $434.4M |
| Vanguard Target 2040 | Vanguard Fiduciary Trust Company | Common/collective trust | $422.7M |
| Vanguard Target 2030 | Vanguard Fiduciary Trust Company | Common/collective trust | $422.5M |
| Vanguard Target 2045 | Vanguard Fiduciary Trust Company | Common/collective trust | $372.6M |
| Vanguard Target 2025 | Vanguard Fiduciary Trust Company | Common/collective trust | $279.2M |
| SP GLB Exus IDX CL F | Geode Capital Management, LLC | Common/collective trust | $262.5M |
| Vanguard Target 2050 | Vanguard Fiduciary Trust Company | Common/collective trust | $262.5M |
| MFS MID CAP Value 5 | MFS Heritage Trust Company | Common/collective trust | $246.1M |
| Vang RET Svgs TR II | Vanguard Fiduciary Trust Company | Common/collective trust | $217.2M |
| Vanguard Target 2055 | Vanguard Fiduciary Trust Company | Common/collective trust | $176.4M |
| SP Small CP IND CL F | Geode Capital Management, LLC | Common/collective trust | $163.3M |
| Vanguard Target 2020 | Vanguard Fiduciary Trust Company | Common/collective trust | $140.2M |
| Vanguard Target INC | Vanguard Fiduciary Trust Company | Common/collective trust | $102.6M |
| Brown ADV SCG CIT | SEI Trust Company | Common/collective trust | $84.4M |
| Vanguard Target 2060 | Vanguard Fiduciary Trust Company | Common/collective trust | $79.9M |
| SP MID CAP IDX CL F | Geode Capital Management, LLC | Common/collective trust | $79.0M |
| Vanguard Target 2065 | Vanguard Fiduciary Trust Company | Common/collective trust | $34.0M |
| Vanguard Target 2070 | Vanguard Fiduciary Trust Company | Common/collective trust | $5.6M |
| RT L&G S&P 500 DC C index | Reliance Trust Company | Common/collective trust | $0 |
| RT L&G Acwi EX US C | Reliance Trust Company | Common/collective trust | $0 |
How plan assets are invested
| Category (Schedule H) | Amount | Share |
|---|---|---|
| Registered investment companies (mutual funds) | $1.2B | 13.3% |
| Common/collective trusts | $6.8B | 73.7% |
| Employer securities (company stock) | $507.9M | 5.5% |
| Common stock (direct) | $178.4M | 1.9% |
| Participant loans | $99.0M | 1.1% |
| Other investments | $11,106 | 0.0% |
Fees paid from plan assets
| Contract administrator fees | $25,200 |
| Investment advisory & management fees | $2.2M |
| Other administrative fees | $350,069 |
| Total administrative expenses | $2.5M |
Reported administrative expenses were about 0.025% of average plan assets, or about $45 per participant with a balance. This usually excludes fund expense ratios netted inside mutual funds and trusts.
Source: DOL EFAST2 Form 5500 & Schedules H/D, filing ID 20250626074041NAL0020365506001. EIN 560939887.