Company: TFC
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0000092230-25-000071
Chunk: 3

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-06-24
Form: 11-K
Chunk 3
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 Corporation 401(k) Savings Plan
Statement of Changes in Net Assets Available for Benefits

#### Year Ended December 31, 2024
| Additions to (deductions from) net assets attributable to: 
 Investment income                                          |     | 2024 |                |
|:-----------------------------------------------------------|:----|:-----|---------------:|
| Interest and dividends                                     |     | $    |    115,989,058 |
| Net appreciation in fair value of investments              |     |      |  1,225,807,427 |
| Net investment income                                      |     |      |  1,341,796,485 |
| Interest on notes receivable from participants             |     |      |      7,679,376 |
| Contributions                                              |     |      |                |
| Employer                                                   |     |      |    197,297,679 |
| Employee                                                   |     |      |    350,464,133 |
| Rollovers                                                  |     |      |     50,898,163 |
| Total contributions                                        |     |      |    598,659,975 |
| Total additions                                            |     |      |  1,948,135,836 |
| Benefits paid to participants                              |     |      | -1,115,924,912 |
| Administrative expenses                                    |     |      |     -2,465,644 |
| Total deductions                                           |     |      | -1,118,390,556 |
| Net increase prior to transfer to other plans              |     |      |    829,745,280 |
| Transfers to other plans (Note 3)                          |     |      | -1,719,445,267 |
| Net decrease                                               |     |      |   -889,699,987 |
| Net assets available for benefits                          |     |      |                |
| Beginning of year                                          |     |      | 10,120,701,726 |
| End of year                                                |     | $    |  9,231,001,739 |

<div align='center'>The accompanying notes are an integral part of these financial statements.

4</div>

Truist Financial Corporation 401(k) Savings Plan Notes to Financial Statements December 31, 2024 and 2023

1. Description of the Truist Financial Corporation 401(k) Savings Plan

The following description of the Truist Financial Corporation 401(k) Savings Plan (the “Plan”)