Truist Financial 401(k) at a glance
| Employer match | Truist matches 100% of the first 4% of pay you contribute, as a safe harbor match. The board can approve an extra discretionary match. |
|---|---|
| Maximum match | 4% of pay |
| Contribution needed for full match | 4% of pay |
| Vesting | ImmediateYour contributions and the company match vest immediately. |
| Eligibility | You can contribute from the first of the month after hire. The match starts after age 21 and one year of service with at least 1,000 hours. |
| Roth 401(k) option | Yes |
| Pension | YesTruist has a company-funded defined benefit pension plan for qualified teammates. |
| Stock purchase plan | Truist offers an employee stock purchase plan. |
| Plan provider | Fidelity |
| Who this applies to | US teammates of Truist and participating subsidiaries |
How much is the Truist Financial match worth?
If you contribute 4% of your pay, Truist Financial adds the full match. Here is what that means at different salaries, per year, before investment growth:
| Salary | You contribute (4%) | Truist Financial match |
|---|---|---|
| $40,000 | $1,600 | $1,600 |
| $60,000 | $2,400 | $2,400 |
| $90,000 | $3,600 | $3,600 |
| $150,000 | $6,000 | $6,000 |
Illustration based on the plan terms above. Your actual match depends on eligible pay, timing and plan rules.
Good to know
- Before January 1, 2024, Truist matched up to 6% of pay; it cut the match to 4% on that date.
- The 10-K says the match applies to full-time teammates.
Other Truist Financial retirement benefits
- Company-funded pension
- Contributions up to 50% of pay
How to make the most of your Truist Financial 401(k)
- Always get the full match. Contribute at least 4% of pay. It is an instant return you cannot get anywhere else.
- Check your vesting date before you change jobs, so you do not leave unvested money behind.
- Pre-tax or Roth? If you expect a higher tax rate in retirement, Roth contributions can pay off. Model it with our Roth conversion calculator.
- Watch fees and prefer low-cost index or target-date funds in the plan lineup.
- Plan the whole picture: see how your state taxes retirement income before you decide where to retire.
Frequently asked questions
Does Truist Financial match 401(k) contributions?
Truist matches 100% of the first 4% of pay you contribute, as a safe harbor match. The board can approve an extra discretionary match.
When does the Truist Financial 401(k) match vest?
Your contributions and the company match vest immediately.
When can I join the Truist Financial 401(k)?
You can contribute from the first of the month after hire. The match starts after age 21 and one year of service with at least 1,000 hours.
Does Truist Financial offer a pension?
Truist has a company-funded defined benefit pension plan for qualified teammates.
How much should I contribute to get the full Truist Financial match?
Contribute at least 4% of your pay. Anything less leaves part of the match unclaimed.
Sources (last verified 2025)
- Truist 401(k) Savings Plan Form 11-K for 2025 — SEC EDGAR (2026-06-25)
- Truist Financial Corporation Form 10-K for 2025 — SEC EDGAR (2026-02-24)
Educational content only, not tax, legal or investment advice. Plans and tax laws change; confirm details with your employer's plan documents or your state revenue department. Smart Financial Lifestyle is not affiliated with any employer named on this site.