RALEIGH, N.C., Nov. 17, 2016 /PRNewswire/ -- BB&T Retirement and Institutional Services received top rankings and 36 Best-in-Class awards in the national 2016 Defined Contribution (DC) Survey conducted by PLANSPONSOR magazine. The annual survey is considered one of the retirement industry's leading indicators of plan sponsor satisfaction. Highlights include:
- BB&T earned 22 out of 22 Best-In-Class awards for plans in the $5MM–$25MM asset range in the categories of technology, education and communications, plan administration, investments and fees and account service teams.
- BB&T earned 14 Best-In-Class awards for plans under $5MM, including awards in value for price, industry knowledge of account service team and plan communications.
- BB&T received a 90.6-percent overall recommendation likelihood score.
"We recognize that plan sponsor satisfaction is absolutely essential to the future growth of our organization. BB&T continues to listen and learn from our clients, so we can best prepare employees and their families for retirement," said BB&T Retirement and Institutional Services Division Manager Ray McCulloch. "BB&T is honored to be recognized again this year for superior client service and we remain committed to delivering the highest value retirement plans in the industry."
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.
As of September 30, 2016, BB&T is one of the largest financial services holding companies in the U.S. with $222.6 billion in assets and market capitalization of $30.6 billion. Based in Winston-Salem, N.C., the company operates 2,220 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 also has 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 www.BBT.com.
PLANSPONSOR, a Strategic Insight business, 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 percent 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 PlanSponsor.com.
About Strategic Insight
Strategic Insight (SI) provides critical and proprietary data, business intelligence, research and marketing services to the global asset management community. SI delivers full service solutions to the asset management sector worldwide, including investment flow data, advisor sales analysis, in-depth research, analytics, editorial content and events for investment managers, asset owners and custodians, plus Transaction Cost Measurement of over 500 million trades per month. Our clients include over 1000 of the most prominent names in the asset management industry, including 83 of the world's 100 largest fund managers. Strategic Insight delivers its products and services through four distinct divisions: SI Data, SI Research, SI Intelligence and SI Interactive. Its portfolio of leading editorial titles includes the well-recognized brands PLANSPONSOR, PLANADVISER, Chief Investment Officer, Global Custodian, and The Trade. The company's headquarters are in New York with offices in Boston; Denver; San Diego; San Francisco; Stamford, Conn.; London; Munich; Melbourne; Toronto and Vancouver. Strategic Insight is backed by Genstar Capital.
SOURCE BB&T Corporation