RALEIGH, N.C. – 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.
Read More:CarolinaNewsWire
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