Retirement plan
BB&T CORPORATION PENSION PLAN
BB&T CORPORATIONEIN 56-0939887Plan #001PY 2016
200 WEST SECOND STREET, PO BOX 1215 - WINSTON-SALEM, NC 271021215800-716-2455
Other plans on this EIN
4 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
STEVE REEDER
Signed 10/14/2017
Plan administrator entity
CHAIR OF THE EMPLOYEE BENEFITS PLAN COMMITTEE
EIN 560939887
PO BOX 1215 · WINSTON-SALEM, NC 271021215
Summary metrics
Total assets (EOY)
$5072.1M
-12.2% from 2016
Total participants
56,037
-6.7% from 2016
Average account balance
$0
No prior year
Annual return
10.52%
-6.06 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort46 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $0
47
Employer contribution / active EE
$8,307
median $6,902
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
93
Annual return
10.52%
median 7.07%
Overall peer rank
70of 100
70th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$14.70B
Average account balance
Total assets / participants with a balance (line 6g)
$160K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
58,963
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$1.30B
Contributions per participant
Average employer and participant contribution per enrolled participant
$34K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+2.98%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 5 by compensation
| Provider | Service type | Compensation |
|---|---|---|
AON CONSULTING2+ years Service code 11 · EIN 22-2232264 | Actuarial | $1,596,391 |
ARTISAN2+ years Service code 28 · EIN 30-0551775 | Investment Management | $1,211,874 |
CORTINA2+ years Service code 28 · EIN 56-2450074 | Investment Management | $847,378 |
BRANCH BANKING AND TRUST COMPANY2+ years Service code 21 · EIN 56-1074313 | Bank Trustee | $436,159 |
KILPATRICK TOWNSEND ATTORNEYS2+ years Service code 29 · EIN 58-0511774 | Legal | $51,965 |
Enrolled actuary
1 attachment
SB
BETH H. WONG, EA
AON CONSULTING, INC.
Enrollment #1707803
1100 REYNOLDS BOULEVARD
WINSTON - SALEM, NC 27105
(336) 728-2192
Signed 2017-09-05
Top hat statement on fileNQDC
Filed October 18, 2004
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes1A3F3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 3FLeased employeesPlan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$7.4M
$258 / participant
- Investment mgmt$2M27.7%
- Other / not subdivided$5M72.3%
% of EOY assets
0.147%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- PRICEWATERHOUSECOOPERS LLP
- Auditor EIN
- 134008324
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified