BB&T Institutional Services ranks among top 401(k) providers
December 17 2009 - 12:05PM
PR Newswire (US)
RALEIGH, N.C., Dec. 17 /PRNewswire-FirstCall/ -- BB&T
Institutional Services today said it has earned nine "best in
class" awards for 2009 among bank and mutual fund company 401(k)
providers in a national survey by PLANSPONSOR magazine. The
magazine's annual Defined Contribution survey includes more than
35,000 defined contribution plan sponsors. For companies,
municipalities and organizations in the $5 million-$50 million (in
revenues) range, BB&T received "best in class" awards in the
Participant Services and Sponsor Services categories. For
Participant Services, it ranked at the top of the class for
"statement clarity," "retiree services" and "participant services
fees." In the Sponsor Services category, BB&T earned honors for
"internet services," "compliance," "account representative
knowledge," "responsiveness," "regulation updates" and "staff
consistency." "As these positive rankings indicate, BB&T has a
strong commitment to the 401(k) market and superior client
service," said BB&T Institutional Services Manager Ray
McCulloch. "Our clients value our knowledge and consistency, and
know they can continue to count on us. We are proud to offer
quality products and services and a competitive price." With more
than $14 billion in assets under management and administration,
Raleigh-based BB&T Institutional Services serves companies,
organizations and government entities that need institutional
investment management, employee benefit consulting, retirement
planning, corporate trust services, and philanthropic services.
Stamford, Conn., based PLANSPONSOR provides market intelligence to
the 401(k) and retirement industry. PLANSPONSOR magazine has
provided coverage of the U.S. pension industry for nearly a decade.
At Sept. 30, Winston-Salem, N.C.-based BB&T Corporation had
$165.3 billion in assets and operated more than 1,800 financial
centers in 13 states and Washington, D.C. More information about
the company is available at BBT.com. DATASOURCE: BB&T
Corporation CONTACT: Ray McCulloch, Executive Vice President,
Institutional Services Div. Mgr., +1-919-716-9090, Charmaine Balok,
Vice President, Institutional Services Marketing, +1-919-716-9083,
or Jeff Nichols, Vice President, Corp. Communications,
+1-336-733-1472; FirstCall contact, Tamera Gjesdal, +1-336-733-3058
Web Site: http://www.bbt.com/ Company News On-Call:
http://www.prnewswire.com/comp/809325.html
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