RALEIGH, N.C., Feb. 25 /PRNewswire-FirstCall/ -- BB&T Institutional
Services earned three No. 1 rankings in a national survey of 401(k)
providers for companies, municipalities and organizations in the $1
million-$10 million range.
Lake Worth, Fla.-based 401k Exchange compiles an annual "Provider
Ratings and Market Share Report" on more than 300 401(k) providers. The
most recent ratings are based on performance for the eight-year period from
September 1999 to December 2007.
BB&T was ranked No. 1 in the investment options,
education/communications, and fund performance categories.
"As these positive rankings indicate, BB&T offers plan-sponsors a
highly competitive 401(k) solution featuring a diverse selection of high
performing mutual funds, excellent communication services and exceptional
customer service," said BB&T Institutional Services Manager Ray McCulloch.
With more than $10.5 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.
401k Exchange is a business development and market intelligence
provider for the 401(k) and retirement industry serving the small- and
mid-size corporate market.
With $132.6 billion in assets, Winston-Salem, N.C.-based BB&T
Corporation (NYSE: BBT) is the nation's 14th largest financial holding
company. It operates nearly 1,500 financial centers in 11 states and
Washington, D.C. More information about the company is available at
BBT.com.
SOURCE BB&T Corporation
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Related links:
http://www.bbt.com
http://www.prnewswire.com/comp/809325.html /
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, Jeff Nichols, Vice President, Corp.
Communications, +1-336-733-1472, all of BB&T Corporation
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