RALEIGH, N.C., Nov. 30, 2015 /PRNewswire/ -- BB&T Retirement and Institutional Services received top rankings and 42 Best-in-Class awards in the national 2015 Defined Contribution (DC) Survey conducted by PLANSPONSOR magazine. This is the second year in a row BB&T has received the No.1 distinction in the $5MM to $25MM market. The annual survey is considered one of the retirement industry's leading indicators of plan sponsor satisfaction.
Highlights of BB&T Retirement and Institutional Services recognitions include:
- For a second year in a row, ranked No. 1 for plans in the $5MM–$25MM asset range. The ranking is measured by the Net Recommendation Score, a key indicator of client satisfaction.
- Took the No. 3 spot for plans in the under $5MM asset range as measured by the Net Recommendation Score
- Ranked as the top provider in the $5MM–$25MM asset range for fees and investments, account team representatives, participant education, technology and plan administration
- Earned 22 Best-In-Class awards (all markets) for its participant services, including awards in overall employee education program, range of investments, online tools/savings and investing services
- Earned 20 Best-In-Class awards (all markets) for its services to plan sponsors, including awards for cost-to-value of plan fees, industry knowledge of account service team and plan design flexibility
"We have never lost sight of what is important to our clients by serving as a trusted partner and fulfilling our commitment to improve retirement outcomes for workers," said BB&T Retirement and Institutional Services Division Manager Ray McCulloch. "A retirement plan is an investment in a company's employees. Our goal is to help maximize its value. BB&T is honored to be recognized again this year by our clients and will continue to stay committed to meeting their retirement plan needs."
About BB&T Retirement and Institutional Services
BB&T Retirement and Institutional Services offers a complete range of employee benefits consulting, fiduciary, philanthropic, corporate trust and investment management services. For more information, visit BBT.com/RetirementSolutions.
BB&T is one of the largest financial services holding companies in the U.S. with approximately $208.8 billion in assets and market capitalization of approximately $27.8 billion, as of Sept. 30, 2015. Based in Winston-Salem, N.C., the company operates 2,150 financial centers in 15 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. BB&T has also been named one of the World's Strongest Banks by Bloomberg Markets Magazine, one of the top three in the U.S. and in the top 15 globally. More information about BB&T and its full line of products and services is available at BBT.com.
PLANSPONSOR, an Asset International brand, is the most respected provider of information and research to America's retirement plan sponsors and the industry that serves this large constituency. Through its award winning magazine, website, e-newsletters and events, PLANSPONSOR reaches 100% of the top 1,000 investment pension plans in America with assets of $7 trillion, as well as all key decision-makers in the DC and DB market. For more information, visit www.plansponsor.com
About Asset International
Asset International (AI) provides critical data, business intelligence, and information services to the global investment management industry. AI delivers proprietary data and analytics, as well as marketing solutions that target global asset managers. The Company's client base includes over 500 of the most prominent names in the asset management industry. Its recognized data brands include Strategic Insight, Investor Economics, Corporate Insights, LiquidMetrix, FWW, and Plan for Life. AI's portfolio of leading editorial titles includes brands such as PLANSPONSOR, PLANADVISER, Chief Investment Officer, Global Custodian, and The Trade. The company's headquarters are in New York, and it maintains offices in Stamford, CT; Boston; the San Francisco Bay area; London; Toronto; Munich; Melbourne, Australia; and Hong Kong. AI is backed by Genstar Capital.