Get a free consultation.
Defined Benefit Plans
Defined benefit plans are one of the most valued employee benefits. Fully funded by the employer, these plans provide employees a fixed benefit at retirement, generally based on salary, years of employment and age at retirement. BB&T provides employers the following services:
- Plan design consultation
- Full-service plan administration and actuarial services
- Fiduciary guidance
Sponsor Benefits
Offering a defined benefit plan is a powerful recruiting tool, helping employers to attract and retain the most talented employees. BB&T helps clients design a comprehensive strategy that balances staffing goals with investment risk and financial obligations. Our expert pension consultants provide the following services:
- Analysis of company objectives and risk tolerance
- Design and implementation of benefit plan, investment and funding strategies
- Proactive reassessment and modification of strategies
- Investment monitoring and performance evaluation
- Online account management through SponsorLink
Participant Benefits
Pension plans offer employees peace of mind and security by providing a fixed monthly retirement benefit. High-income professionals likely expect this benefit in addition to a 401(k), because it allows them to maximize their retirement savings. Advantages include:
- Guaranteed retirement income at no cost to the employee
- Portability of vested benefits if they change jobs
- Benefit calculated as a percentage of salary to offset inflation
- 24/7 online account access through PlanTrac
- Access to benefits information and planning tools online
Workplace Retirement Solutions
BB&T Complete Client Protection
Branch Banking and Trust Company, Member FDIC.
© 2012, Branch Banking and Trust Company. All rights reserved.