Rollover into the BB&T Corporation 401(k) Savings Plan

Transcription

1 Branch Banking & Trust Co. Human Systems Division 200 West Second Street (27101) P.O. Box 1215 Winston-Salem, NC Rollover into the BB&T Corporation 401(k) Savings Plan Dear Employee: Thank you for your interest in rolling over your qualified retirement funds into the BB&T Corporation 401(k) Savings Plan (the Plan). The Plan s Trustee is Branch Banking and Trust Company. You will find the following documents: BB&T Corporation 401(k) Savings Plan Rollover Form Certification of Qualified Status Form BB&T Benefits Phone and Online Access brochure Instructions to access the BB&T Corporation 401(k) Savings Plan Participant Guide and designate 401(k) Beneficiary(ies) through BBT.HRInTouch.com Note: Only active employees are allowed to roll funds into the Plan. Please read these materials carefully before you complete any forms or request a distribution from your qualified retirement plan or IRA. Please note that in no event will the Plan accept any after-tax employee contributions as a rollover contribution. Rollovers from a Previous Employer s Qualified Retirement Plan Please provide the following: Completed BB&T Corporation 401(k) Savings Plan Rollover Form (enclosed) Distribution check made payable to BB&T Corporation 401(k) Savings Plan FBO (your name) Beneficiary designation through BBT.HRInTouch.com (instructions enclosed) A copy of your last participant statement One of the following: An IRS Letter of Determination certifying the Plan s tax-qualified status (obtain this from the prior plan s administrator) or Certification of Qualified Status Form If an IRS Letter of Determination is not readily available, your previous employer s benefits representative or plan administrator may complete this form (enclosed) Rollovers from an IRA Please provide the following: Completed BB&T Corporation 401(k) Savings Plan Rollover Form (enclosed) Distribution check made payable to BB&T Corporation 401(k) Savings Plan FBO (your name) Beneficiary designation through BBT.HRInTouch.com (instructions enclosed) IRA statement which reflects your current balance

2 Branch Banking & Trust Co. Human Systems Division 200 West Second Street (27101) P.O. Box 1215 Winston-Salem, NC Submitting your documentation All items above should be sent to the address below as one complete package. Do not return the Rollover Form without the distribution check and documentation attached. BB&T Benefits Administration P.O. Box 1215 Winston-Salem, NC or Interoffice: Mail Code Confirmation of Your Rollover A confirmation letter will be mailed to you shortly after your rollover is deposited. After that, you may access your account information as well as initiate transactions by calling the automated phone system at or log on to PlanTrac at You will need to provide your Social Security number and your Personal Identification Number (PIN). If you do not currently have an account balance in the Plan, your initial PIN is the 6-digit PIN found on your paycheck stub. If you have already accessed your account and have forgotten your PIN, you can request a new PIN, which will be mailed within five business days from the date of your rollover. Once you have received your PIN, you can access your account information by calling the automated phone system or logging on to PlanTrac. You may change your PIN at any time. It is very important to keep this PIN confidential. You cannot access your account information without your PIN. If you have any questions or need assistance with your rollover into the BB&T Corporation 401(k) Savings Plan, please contact the Human Systems Service Center at , option 1. Thank you. Benefits Administration

3 BB&T CORPORATION 401(k) SAVINGS PLAN ROLLOVER FORM SECTION 1: EMPLOYEE INFORMATION: Name: Social Security Number: Daytime Telephone #: Date of Birth: SECTION 2: CERTIFICATION: I Certify that: The amount I wish to roll over is all or part of the taxable portion of a lump sum distribution from a qualified plan of a prior employer. (If you were a participant in more than one qualified plan of the same type special aggregation rules may apply. You should consult your tax advisor to see if these rules apply to you). I have been advised to see a tax advisor due to important tax consequences relating to rolling over funds into the BB&T CORPORATION 401(k) SAVINGS PLAN. I expressly assume the responsibility for tax consequences relating to this rollover and agree that the BB&T CORPORATION 401(k) SAVINGS PLAN will not be responsible for those tax consequences. SECTION 3: REQUIRED INFORMATION: Name of prior Plan: SECTION 4: ROLLOVER ELECTIONS: I elect to invest my rollover contribution in the manner shown below (percentages must be in 1% increments). Fund Name Percentage Fund Name Percentage Federated Treasury Obligations Fund (XF) % T. Rowe Price Retirement Income Fund (G1) % BB&T One-Year BIC Fund (08) % T. Rowe Price Retirement 2005 Fund (G2) % Sterling Capital Total Return Bond Fund (29) % T. Rowe Price Retirement 2010 Fund (G3) % Sterling Capital Equity Income Fund (L2) % T. Rowe Price Retirement 2015 Fund (G4) % Sterling Capital Select Equity Fund (60) % T. Rowe Price Retirement 2020 Fund (G5) % Fidelity Contrafund (GB) % T. Rowe Price Retirement 2025 Fund (G6) % Vanguard Institutional Index Fund (NR) % T. Rowe Price Retirement 2030 Fund (G7) % Sterling Capital Special Opportunities Fund (J1) % T. Rowe Price Retirement 2035 Fund (G8) % Sterling Capital Mid Cap Value Fund (B2) % T. Rowe Price Retirement 2040 Fund (G9) % T. Rowe Price Mid Cap Growth Fund (DR) % T. Rowe Price Retirement 2045 Fund (P2) % Sterling Capital Small Value Fund (H7) % T. Rowe Price Retirement 2050 Fund (EX) % Sterling Capital International Fund (97) % T. Rowe Price Retirement 2055 Fund (P4) % Vanguard Total International Stock Index (VB) % BB&T Common Stock Fund (51) % Election Percentages Must Total 100% Page 1 of 2 (Both pages must be completed) Revised 2/11

4 BB&T CORPORATION 401(k) SAVINGS PLAN ROLLOVER FORM Name: Social Security Number: SECTION 5: STOCK DIVIDEND ELECTION: The portion of the BB&T Corporation 401(k) Savings Plan that is invested in the BB&T Common Stock Fund is considered an ESOP (Employee Stock Ownership Plan). Historically, dividends on BB&T stock have been paid February 1 st, May 1 st, August 1 st, and November 1 st. As an investor in the Common Stock Fund, you have the option of reinvesting your quarterly dividends in the Plan or receiving them in cash. You may change your dividend payment election at any time. Please make your election below. If an election is not made, your election will default to having the dividend reinvested. Dividend reinvestment in the Common Stock Fund OR Dividend Paid in Cash directly to you SECTION 6: SIGNATURE AND AUTHORIZATION: I have read and understand the summary describing the BB&T CORPORATION 401(k) SAVINGS PLAN and agree to be bound by the provisions of the Plan. I hereby authorize the Company to invest my rollover contribution as indicated above. Signature of Employee/Participant Date PLAN ADMINISTRATOR USE ONLY: (Signature) DATE OF HIRE: / / (Date) Return signed form to BB&T Benefits Administration; retain COPY of form for your records Interoffice Mailcode: or US Mail: PO Box 1215, Winston-Salem, NC or 200 West Second Street, Winston-Salem, NC or Fax: (336) or (336) If the form is faxed, do NOT send original via mail. Page 2 of 2 (Both pages must be completed) Revised 2/11

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8 Instructions to Access the BB&T Corporation 401(k) Savings Plan Participant Guide Which Includes: Investment Fund Options and Investment Fund Performance 1) Open your Internet browser, type BBT.HRInTouch.com into the address bar, and press Enter. 2) Follow the login instructions on your screen. 3) Click on 401(k) Savings Plan Participant Guide in the Featured Documents.

9 Instructions to Designate BB&T Corporation 401(k) Savings Plan Beneficiary(ies) through BBT.HRInTouch.com 1) Open your Internet browser, type BBT.HRInTouch.com into the address bar, and press Enter. 2) Follow the login instructions on your screen. 3) Click on the ebenefitsnow Quick Link. 4) Click on the My Benefits tab at the top of the page. 5) Scroll down and click on View/Edit Information beside 2011 BB&T 401(k). 6) Click on the Edit button beside Beneficiaries. On the next screen, you may click to add a beneficiary (or edit an existing beneficiary designation, if applicable). You may repeat this step for any additional beneficiaries you would like to designate. When you are ready to proceed, click Next. 7) Click on the Edit button beside Spouse Beneficiary Acknowledgement. On the next screen, select the option that applies and click Next. 8) Click on the Save button.