BB&T CORPORATION 401(K) SAVINGS PLAN
Plan Contact
- Address: P.O. BOX 1215,WINSTON-SALEM,NC
- Contact person: STEVE REEDER, EXEC. VICE PRESIDENT
- Phone: (800) 716-2455
Plan General Information
BB&T CORPORATION 401(K) SAVINGS PLAN Total Retirement Plan Assets
At the end of 2018, the total retirement plan assets of BB&T CORPORATION 401(K) SAVINGS PLAN is $4,318,765,050.00.This plan was established in 1982.
BB&T CORPORATION 401(K) SAVINGS PLAN Total Number of Retirement Plan Participants
At the end of 2018, the total number of retirement plan participants in BB&T CORPORATION 401(K) SAVINGS PLAN is 46987
BB&T CORPORATION 401(K) SAVINGS PLAN Average Participant Retirement Account Value
In 2018, the average participant retirement account value for BB&T CORPORATION 401(K) SAVINGS PLAN is $91,914.00
BB&T CORPORATION 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount
In 2018, the estimated average employee contribution amount per participant for BB&T CORPORATION 401(K) SAVINGS PLAN is $8,428.00.
BB&T CORPORATION 401(K) SAVINGS PLAN Estimated Average Employer Match
In 2018, the estimated average employer match for an employee in BB&T CORPORATION 401(K) SAVINGS PLAN is approximately $2,880.00
Investing in this additonal $2,880.00 for 20 years would give you extra $184,366.00, assuming a 10% annual return.
Investing in this additonal $2,880.00 for 20 years would give you extra $184,366.00, assuming a 10% annual return.
BB&T CORPORATION 401(K) SAVINGS PLAN Total Employer Contribution and Match Rate
In 2018, BB&T CORPORATION 401(K) SAVINGS PLAN allocates $135,356,537.00 to match its employees' contributions, providing an employer match rate of 68.36% of their contributions
BB&T CORPORATION 401(K) SAVINGS PLAN Total Retirement Plan Asset Growth Rate
In 2018, the total retirement plan asset growth rate of BB&T CORPORATION 401(K) SAVINGS PLAN is -6.77%.
BB&T CORPORATION 401(K) SAVINGS PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2018, the estimated aggregate retirement account investment gain/loss for BB&T CORPORATION 401(K) SAVINGS PLAN is -6.13%. This measures the effectiveness of the plan participants' investments in the year.
BB&T CORPORATION 401(K) SAVINGS PLAN Expense Ratio
In 2018, the investment and administrative expense ratio of BB&T CORPORATION 401(K) SAVINGS PLAN is 0.02%.
Enrollment Features
BB&T CORPORATION 401(K) SAVINGS PLAN has the following features:Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
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