Suntrust Banks, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2018. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Suntrust Banks, Inc. 401(k) Plan Facts (plan year 2018)

Plan name
SUNTRUST BANKS, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
SUNTRUST BANKS, INC.
Participants
34,280 (23,000 active employees)
Former employees with a balance
10,400
Plan assets
$3,040,704,234 at Dec 31, 2018
Average account balance
$90,659 across 33,540 accounts
Employer contributions
$108,182,350 in plan year 2018 (39% of all contributions)
Plan year
Jan 1, 2018 – Dec 31, 2018
Plan established
Jan 1, 1989
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing✓ Company stock (ESOP)

Source: Form 5500 for plan year 2018 (Jan 1, 2018 – Dec 31, 2018), filed Oct 15, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $278.8 million went into the plan in contributions, $108.2 million of it from the employer (39%).
  • $341.6 million was paid out to participants.
  • Administrative expenses were $3.14 million, about $94 per account.

How the Suntrust Banks, Inc. 401(k) changed, 2013–2018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201338,154$2.48 billion$111.2 million$277.9 million
201438,511$2.63 billion$111.8 million$293.6 million
201536,981$2.61 billion$116.8 million$275.5 million
201636,644$2.86 billion$101.6 million$267.9 million
201735,801$3.35 billion$126.4 million$298.7 million
201834,280$3.04 billion$108.2 million$341.6 million

Suntrust Banks, Inc. 401(k) Contact Information

Phone
404-813-7155
Mailing address
MAIL CODE GA ATL-636 303 PEACHTREE STREET, 4TH FLOOR, ATLANTA GA 303083200
Plan sponsor
SUNTRUST BANKS, INC.
Employer identification number (EIN)
58-1575035
Plan number
002

Questions about the Suntrust Banks, Inc. 401(k)

Is the Suntrust Banks, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2018, and no later filing was found under this employer's EIN.

Does Suntrust Banks, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $108.2 million, 39% of all contributions.

Does the Suntrust Banks, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Suntrust Banks, Inc 401(k) plan?

34,280 participants at the start of plan year 2018, 23,000 of them active employees, and 10,400 former employees who still had money in the plan.

What is the average 401(k) balance at Suntrust Banks, Inc?

About $90,659 per account: $3.04 billion in plan assets across 33,540 accounts with a balance at the end of plan year 2018.

Who manages the Suntrust Banks, Inc 401(k) accounts?

CONDUENT is the plan's recordkeeper, which is where participants log in to see their balance.

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