Retirement Plan Services

Few employee benefits are as attractive as a 401(k) plan. Primarily funded by employee contributions, these plans allow participants to invest for a secure retirement. Flexible plan design allows employers of all sizes to balance recruiting desires and budgetary concerns.

Defined benefit plans are one of the most valued employee benefits. Fully funded by the employer, plans provide employees a fixed benefit at retirement. BB&T offers plan design and administration and guidance about fiduciary obligations.

An employee stock ownership plan (ESOP) invests primarily in employer company stock and pays retirement benefits with shares of that stock. Sponsors may borrow funds to purchase stock so the plan also serves as a vehicle for corporate finance.

Nonqualified plans are designed to meet the special retirement needs of key executives. Plans can be offered in addition to 401(k) and other qualified plans, allowing key executives to maximize their retirement savings. Plans offer some tax advantages.

To recruit and retain talented employees, employers must offer attractive retirement benefits. Through SHDR Benefit Consultants, a division of BB&T, we provide employers with competitive benefit solutions that manage financial exposure.

Retirement plan sponsors have the legal obligation to manage their plans with the employee’s best interests in mind. Through our subsidiary SHDR Investment Advisors, we guide you through the investment processes and advise you on your fiduciary responsibility.

SponsorLink offers employers secure, web-based access to retirement plan information. SponsorLink reduces administrative burdens for plan sponsor by providing complete information about your plans online, accessible at your convenience.

PlanTrac offers employees secure online access to their retirement plan information. Employees have access to the latest information on their account balances and fund values, complete account history and educational resources.