Retirement plan
BB&T CORPORATION 401(K) SAVINGS PLAN
BB&T CORPORATIONEIN 56-0939887Plan #003PY 2018
P.O. BOX 1215 - WINSTON-SALEM, NC 271021215800-716-2455
Other plans on this EIN
1 filingProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator signer
STEVE REEDER, EXEC. VICE PRESIDENT
Signed 07/26/2019
Plan administrator entity
EMPLOYEE BENEFIS PLAN COMMITTEE BB&T CORPORATION
EIN 560939887
Summary metrics
Total assets (EOY)
$4318.8M
-22.2% from 2016
Total participants
46,914
-10.1% from 2016
Average account balance
$103,312
-12.4% from 2016
Annual return
-5.41%
-21.83 pp from 2016
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants>=10,000
Cohort86 peers
Snapshot2018
33
Participant deferral / active EE
$5,334
median $6,144
51
Employer contribution / active EE
$3,646
median $3,629
21
Participation rate
86.2%
median 96.1%
56
Avg account balance
$103,312
median $93,454
84
Admin fee / account holder
$18
median $60
35
Annual return
-5.41%
median -4.59%
Overall peer rank
47of 100
47th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$9.23B
Average account balance
Total assets / participants with a balance (line 6g)
$169K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
54,653
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
87.5%
Contributions (total)
Employer and participant dollars contributed each year
$547.76M
Contributions per participant
Average employer and participant contribution per enrolled participant
$14K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-3.18%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$45
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 3 by compensation
| Provider | Service type | Compensation |
|---|---|---|
BB&T3 years Service code 21 · EIN 56-1368984 | Bank Trustee | $388,053 |
TD AMERITRADE4+ years Service code 19 · EIN 47-0533629 | Securities Custodian | $224,488 |
PRONVEST4+ years Service code 27 · EIN 62-1823351 | Advisory (Plan) | $136,414 |
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 codes2J2O2F2G2K2R3H2T
Plan features
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2RParticipant-directed brokerage accountsParticipant-directed brokerage accounts provided as an investment option under the plan.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 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
$749K
$20 / participant
- Contract admin$749K100.0%
% of EOY assets
0.017%
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
- CROWE LLP
- Auditor EIN
- 350921680
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified