BB&T earns eight national awards for its 401(k) participant and sponsor services

RALEIGH, N.C., Nov. 28, 2011 /PRNewswire/ -- BB&T Retirement & Institutional Services has earned eight Best in Class awards in a 2011 national survey of 401(k) providers conducted by PLANSPONSOR Magazine. BB&T Retirement & Institutional Services clients rated its participant and sponsor services A- and higher in the 2011 survey.

PLANSPONSOR magazine awarded BB&T five "Best in Class" Sponsor Services awards in the small market category ($5 million to $50 million plan size). These are:

• Best in Class award for "Compliance Support/Testing"
• Best in Class award for "Legislative and Regulatory Updates"
• Best in Class award for "Account and Service Team Responsiveness"
• Best in Class award for "Staff Consistency and Lack of Staff Turnover"
• Best in Class award for "Plan Design Flexibility"

BB&T also received three national "Best in Class" Participant Services awards in the small market category ($5 million to $50 million plan size):

• Best in Class award for "Retiree Services and Payments"
• Best in Class award for "Participant Loan and Withdrawal Processing"
• Best in Class award for "Participant Beneficiary Administration"

"BB&T is committed to offering high quality products and services that help ease the burden of plan sponsors and put employees on the path to retirement readiness," said BB&T Retirement & Institutional Services Division Manager Ray McCulloch. "The 2011 PLANSPONSOR Survey results echo our focus on all aspects of defined contribution plans and our continued dedication to the success of our clients."

PLANSPONSOR magazine compiles an annual Defined Contribution Survey, sending approximately 50,000 questionnaires to defined contribution plan sponsors. The survey gathered 6,885 usable responses were received and were eligible for inclusion in the 2011 survey results.

About PLANSPONSOR       

PLANSPONSOR is a privately held publisher and information services provider covering workplace retirement systems and other employer benefits programs. For nearly two decades, PLANSPONSOR has been delivering comprehensive news, education, insight, and commerce services to employers, financial advisers, investment managers, and administrative service providers through its integrated collection of print/digital media and interactive conferences/seminars. PLANSPONSOR is headquartered in Stamford, Conn. and is part Asset International Inc., a subsidiary of Case Interactive Media Inc.

About BB&T Retirement and Institutional Services

For more than 130 years, BB&T has provided small and large corporations, charitable organizations, foundations and endowments, and state and local governments with the services and support they need to achieve economic success and financial security. BB&T Retirement & Institutional Services offers a complete range of employee benefits consulting, fiduciary, philanthropic, corporate trust and investment management services. For more information on the BB&T's retirement plan solutions, call 1-800-866-2288. 

About BB&T

BB&T Corporation (NYSE: BBT) is one of the largest financial services holding companies in the U.S. with $168 billion in assets and market capitalization of $14.9 billion, as of September 30, 2011. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 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 J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at www.BBT.com.

SOURCE BB&T Corporation