Payroll & Tax Services

Gain exceptional flexibility in structuring and administering your payroll system. Our payroll and tax services provide the following:

• Payroll processing using state-of-the-art technology
• Your choice of weekly, biweekly, semimonthly, or monthly pay schedules
• Collection, remittance, and filing of all federal, state, and local tax forms
• W-2 preparation and quarterly/annual tax reporting
• More than 100 standard reports, custom reporting, and a general ledger interface
  Sample Reports (701kb)
• Liability protection – BB&T pays penalties, if responsible for errors in tax calculation or filing

Retirement/401(k) Services

Leverage retirement benefits to retain talented employees. Consistently ranked as a top provider of 401(k) and other profit-sharing plans, BB&T offers the following:

• Plan administration supported with employee communication
• Open mutual fund architecture with funds consistently monitored for quality
• Convenient transfer of funds directly from payroll to BB&T Institutional Services each payday, saving you valuable time and eliminating redundancies
• A full complement of administration and recordkeeping services from one trusted source

Payment Services

Choose from a variety of payment formats for your convenience. Our payment services include the following:

• Pressure-sealed, laser-signed checks
• Direct deposit
• Official bank checks
• Payroll cards
• Paperless checks
• Agency checks
• Accruals
• Unlimited earnings and deduction codes

Automated Time & Attendance

Employ industry-leading tools to optimize workforce productivity and streamline management of employee-related expenses.

Our services were designed using labor management solutions from ADI and facilitate these processes:

• Calculation of hours using rounding and holiday rules
• Time and attendance
• Absence and leave management
• Family and Medical Leave Act (FMLA) management
• Workforce and expense reporting and analytics

Employee Benefits

Help employees pay the cost of insurance and other benefits using pre-tax dollars. Our Section 125 plans, including flexible spending accounts and health savings accounts also reduce your payroll taxes. BB&T provides the following:

• Information for businesses exploring the advantages of Section 125 plans
• Support with establishing and monitoring employee accounts
• Employee accounts linked seamlessly to your payroll system, reducing administration time

Workers' Compensation

Gain better control of your cash flow and expenses. Our workers’ compensation services provide these efficiencies:

• Premiums based on your actual payroll
• Premiums deducted automatically each payroll cycle
• No up-front deposits requirement (to avoid year-end audit issues)
• Time savings on administration

• Competitive insurance rates
• Responsive service from knowledgeable experts
• 24-hour toll-free customer service
• A cost-containment program

HR Solutions

As businesses grow, payroll and human resources issues also grow, increasing the opportunities to improve efficiency and save on time and cost. Solution examples are as follows:

• Fully integrated payroll and HR databases to streamline employee-related practices
• Comprehensive tracking of all personal employee information, performance reviews, benefits, skills, injuries, and more
• Comprehensive prehire services including background screening and drug testing
• Best practices to improve retention, boost your reputation as an employer, and limit your company’s liability