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

Company: TRUIST FINANCIAL CORP
Filing Date: 2025-06-24
Form: 11-K
Chunk 11
---
 termination, assets of the Plan would be distributed in accordance with the Plan document.

<div align='center'>8</div>

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

7. Related Party and Party-In-Interest Transactions

Included in the Plan assets are Truist Financial Corporation common stock and certain assets held by and managed by Fidelity Management Trust Company. Balances, income and transactions related to these investments, which are party-in-interest transactions under ERISA, are presented in the following tables:

| Number of shares, Truist Financial Corporation common stock |     | December 31, 
 2024         |    11,707,254 |     | 2023 |  13,700,272 |
|:------------------------------------------------------------|:----|:-------------|--------------:|:----|:-----|------------:|
| Truist Financial Corporation common stock                   |     | $            |   507,886,676 |     | $    | 505,835,171 |
| Fidelity Brokeragelink                                      |     | $            |   444,727,668 |     | $    | 448,450,400 |
| Mutual funds and common collective trusts                   |     | $            | 2,997,281,254 |     | $    |  52,590,829 |

|                                                                           |     | For the year ended 
 December 31, 2024  |            |
|:--------------------------------------------------------------------------|:----|:-------------------|-----------:|
| Dividends on Truist Financial Corporation common stock                    |     | $                  | 25,896,245 |
| Realized and unrealized gain on Truist Financial Corporation common stock |     | $                  | 81,942,975 |

The expenses paid through the Plan include only transactional charges such as loan issuance fees, Qualified Domestic Relations Order fees and check reissues. In addition, there are fees charged by Fidelity to participants that opt to receive guidance on investment election/allocation. Fees charged by Fidelity were $2,465,644 for the year ended December 31, 2024.

#### 8. Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible