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SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS 401k Plan overview

Plan NameSUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS
Plan identification number 005

SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Cash balance or similar plan - Plan has a "cash balance" formula. For this purpose, a "cash balance" formula is a benefit formula in a defined benefit plan by whatever name (for example, personal account plan, pension equity plan, life cycle plan, cash account plan, etc.) that rather than, or in addition to, expressing the accrued benefit as a life annuity commencing at normal retirement age, defines benefits for each employee in terms more common to a defined contribution plan such as a single sum distribution amount (for example, 10 percent of final average pay times years of service, or the amount of the employee's hypothetical account balance).
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
  • Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

SUNTRUST BANKS, INC. has sponsored the creation of one or more 401k plans.

Company Name:SUNTRUST BANKS, INC.
Employer identification number (EIN):581575035
NAIC Classification:522110
NAIC Description:Commercial Banking

Additional information about SUNTRUST BANKS, INC.

Jurisdiction of Incorporation: Florida Department of State Division of Corporations
Incorporation Date: 1985-02-07
Company Identification Number: H41675
Legal Registered Office Address: 200 S. ORANGE AVENUE

ORLANDO

32801

More information about SUNTRUST BANKS, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0052011-01-01DEBBIE CARROLL

Plan Statistics for SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS

401k plan membership statisitcs for SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS

Measure Date Value
2011: SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS 2011 401k membership
Total participants, beginning-of-year2011-01-0127,740
Total number of active participants reported on line 7a of the Form 55002011-01-010
Number of retired or separated participants receiving benefits2011-01-010
Number of other retired or separated participants entitled to future benefits2011-01-010
Total of all active and inactive participants2011-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-010
Total participants2011-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-010

Financial Data on SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS

Measure Date Value
2011 : SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets2011-12-31$42,512,907
Total unrealized appreciation/depreciation of assets2011-12-31$42,512,907
Total transfer of assets to this plan2011-12-31$1,311,874,971
Total transfer of assets from this plan2011-12-31$1,321,590,533
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$0
Total income from all sources (including contributions)2011-12-31$76,310,837
Total loss/gain on sale of assets2011-12-31$36,112,524
Total of all expenses incurred2011-12-31$66,595,275
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$64,306,327
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$0
Value of total assets at end of year2011-12-31$0
Value of total assets at beginning of year2011-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,288,948
Total interest from all sources2011-12-31$27,515,399
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$13,580,610
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2011-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2011-12-31$10,348,933
Administrative expenses professional fees incurred2011-12-31$203,159
Was this plan covered by a fidelity bond2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$0
Other income not declared elsewhere2011-12-31$4,072,698
Administrative expenses (other) incurred2011-12-31$1,053,703
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$9,715,562
Value of net assets at end of year (total assets less liabilities)2011-12-31$0
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2011-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2011-12-31$0
Income. Interest from US Government securities2011-12-31$10,924,377
Income. Interest from corporate debt instruments2011-12-31$16,570,789
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2011-12-31$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2011-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2011-12-31$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2011-12-31$20,233
Asset value of US Government securities at end of year2011-12-31$0
Asset value of US Government securities at beginning of year2011-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2011-12-31$-47,483,301
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31Yes
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Income. Dividends from common stock2011-12-31$3,231,677
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$64,306,327
Asset. Corporate debt instrument debt (other) at end of year2011-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2011-12-31$0
Contract administrator fees2011-12-31$1,032,086
Assets. Corporate common stocks other than exployer securities at end of year2011-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2011-12-31$0
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31Yes
Aggregate proceeds on sale of assets2011-12-31$821,823,877
Aggregate carrying amount (costs) on sale of assets2011-12-31$785,711,353
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31No
Opinion of an independent qualified public accountant for this plan2011-12-31Unqualified
Accountancy firm name2011-12-31ERNST & YOUNG LLP
Accountancy firm EIN2011-12-31346565596

Form 5500 Responses for SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS

2011: SUNTRUST BANKS, INC. RETIREMENT PLAN FOR INACTIVE PARTICIPANTS 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01First time form 5500 has been submittedYes
2011-01-01Submission has been amendedNo
2011-01-01This submission is the final filingYes
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planNo
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes

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