BB&T Retirement & Institutional Services ranks nationally among top micro market plan providers

Mar 08, 2011, 15:37 ET from BB&T Corporation

RALEIGH, N.C., March 8, 2011 /PRNewswire/ -- BB&T Retirement & Institutional Services has earned nine Best in Class awards in a 2010 national survey of 401(k) providers as reported by PLANADVISER magazine.

PLANADVISER magazine, reporting on data compiled for the 2010 PLANSPONSOR magazine survey, awarded BB&T nine Best in Class Participant and Sponsor Services awards in the micro market category ($1 million to $5 million plan size). These are:

  • Best in Class award for "Participant Call Center"
  • Best in Class award for "Online Tools and Services"
  • Best in Class award for "Retiree Services"
  • Best in Class award for "Onsite Meetings"
  • Best in Class award for "Loan and Withdrawal Processing"
  • Best in Class award for "Plan Reports and Benchmarking"
  • Best in Class award for "Legislative and Regulatory Updates"
  • Best in Class award for "Account Team Knowledge"
  • Best in Class award for "Staff consistency"

"PLANADVISER'S Best in Class awards reflect BB&T's commitment to our clients, regardless of plan size," said BB&T Retirement & Institutional Services division manager Ray McCulloch. "We offer plan sponsors tremendous value while providing superior products and service."

PLANSPONSOR magazine compiles an annual Defined Contribution Survey, sending approximately 35,000 questionnaires to defined contribution plan sponsors and their providers. More than 5,900 responses were eligible for inclusion in the 2010 survey results. The most recent ratings are based on 2010 performance.

About PLANADVISER

Stamford, Conn., based PLANADVISER provides market intelligence to the 401(k) and retirement industry through a variety of media vehicles. PLANADVISER magazine has provided coverage of the U.S. pension industry for nearly a decade. Visit the website for more information http://www.planadviser.com/MagazineArticle.aspx?id=12990&magazine=13013.

About PLANSPONSOR

Stamford, Conn., based PLANSPONSOR provides market intelligence to the 401(k) and retirement industry through a variety of media vehicles. PLANSPONSOR magazine has provided coverage of the U.S. pension industry for nearly a decade.

About BB&T Retirement & 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 more than $157.2 billion in assets and market capitalization of $16.7 billion, as of Sept. 30, 2010. 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



RELATED LINKS

http://www.bbt.com