Plan Administration Guide, Part Two: Recordkeeping Survey

Breaking down the DC industry by plan type.


As a complement to our Defined Contribution Survey—which measures how satisfied DC clients are with their providers—our annual Recordkeeping Survey gives employers the chance to see exactly which products and services each provider offers, as well as listing information on total assets and overall client demographics. This survey, as opposed to the DC survey, is comprised of data collected from the providers themselves.

BB&T Retirement and Institutional Services

Assets ($MM) by Plan Type
Ranked #37$12,234
457 $108
All Other$512
Participants by Plan Size
Ranked #41212,773
$10MM – $50MM65,769
>$50MM – $200MM24,979
>$200MM – $1BMM12,228
Plans by Channel
Direct sold
Intermediary sold
Not reported
Not reported
Service Offerings
New client restrictionsNone
Multiple service modelsYes
Offers corporate trustee servicesYes
Internal ERISA counsel4
Will act as §3(16) fiduciaryNo
Participant Services
Call center hoursWeekdays: 8 a.m. - 8 p.m. ET
Online chat supportNo
Mobile appYes
Managed account optionsMorningstar/Ibbotson; ProNvest
Retirement Income
Displays retirement income estimate on statementsYes
Offers in-plan guaranteed retirement income productsNo
Offers out-of-plan annuity bidding serviceYes
Recordkeeping Platform FIS Omni
*Data has been updated/revised since initial publication in PLANSPONSOR magazine.