UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________
FORM 11-K
_____________________________
(Mark One)
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended
December 31, 2018
OR
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the transition period from __________________________ to __________________________
Commission file number 1-10853
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A.
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Full title of the plan and the address of the plan, if different from that of the issuer named below:
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BB&T Corporation
401(k) Savings Plan
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B.
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Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
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BB&T Corporation
200 West Second Street
Winston-Salem, NC 27101
BB&T Corporation 401(k) Savings Plan
Financial Statements and Supplemental Schedule
December 31, 2018
and
2017
BB&T Corporation 401(k) Savings Plan
Index
December 31, 2018
and
2017
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Page
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Reports of Independent Registered Public Accounting Firms
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Financial Statements
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Statements of Net Assets Available for Benefits
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Statement of Changes in Net Assets Available for Benefits
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Notes to Financial Statements
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Supplemental Schedule*
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Schedule H, line 4(i) - Schedule of Assets (Held At End of Year)
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Exhibit Index
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*Other schedules required by Section 2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because they are not applicable.
Report of Independent Registered Public Accounting Firm
Plan Participants and Benefits Committee of the BB&T Corporation 401(k) Savings Plan
Winston-Salem, North Carolina
Opinion on the Financial Statements
We have audited the accompanying statement of net assets available for benefits of the BB&T Corporation 401(k) Savings Plan (the "Plan") as of December 31,
2018
, the related statement of changes in net assets available for benefits for the year ended December 31,
2018
, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31,
2018
, and the changes in net assets available for benefits for the year ended December 31,
2018
in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
Supplemental Information
The supplemental Schedule H, Line4i - Schedule of Assets (Held at End of Year) as of December 31,
2018
has been subjected to audit procedures performed in conjunction with the audit of the BB&T Corporation 401(k) Savings Plan's financial statements. The supplemental schedule is the responsibility of the Plan's management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.
/s/ Crowe LLP
We have served as the Plan's auditor since 2019.
Oak Brook, Illinois
June 27, 2019
Report of Independent Registered Public Accounting Firm
To
the Administrator and Plan Participants of the BB&T Corporation 401(k) Savings Plan
Opinion on the Financial Statements
We have audited the statement of net assets available for benefits of the BB&T Corporation 401(k) Savings Plan (the "Plan") as of December 31,
2017
, including the related notes as of December 31,
2017
(collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31,
2017
in conformity with accounting principles generally accepted in the United States of America.
Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Greensboro, North Carolina
June 26, 2018
We have served as the Plan's auditor from 2002 to 2018.
BB&T Corporation 401(k) Savings Plan
Statements of Net Assets Available for Benefits
December 31, 2018
and
2017
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2018
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2017
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Assets
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Investments, at fair value
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$
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4,241,843,996
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$
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4,559,897,011
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Notes receivable from participants
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74,455,458
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70,168,610
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Employer receivable
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2,465,596
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2,484,841
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Net assets available for benefits
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$
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4,318,765,050
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$
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4,632,550,462
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The accompanying notes are an integral part of these financial statements.
3
BB&T Corporation 401(k) Savings Plan
Statement of Changes in Net Assets Available for Benefits
Year Ended
December 31, 2018
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2018
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Additions to (deductions from) net assets attributable to:
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Investment income
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Interest
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$
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8,078,939
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Dividends
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173,676,293
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Net appreciation in fair value of investments
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(468,378,190
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)
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Net investment income
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(286,622,958
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)
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Interest on notes receivable from participants
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3,570,783
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Contributions
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Employer
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135,356,537
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Employee
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198,004,457
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Rollovers
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33,237,519
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Total contributions
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366,598,513
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Total additions
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83,546,338
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Benefits paid to participants
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(396,582,795
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Administrative expenses
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(748,955
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Total deductions
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(397,331,750
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Net increase
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(313,785,412
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Net assets available for benefits
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Beginning of year
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4,632,550,462
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End of year
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$
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4,318,765,050
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The accompanying notes are an integral part of these financial statements.
4
BB&T Corporation 401(k) Savings Plan
Notes to Financial Statements
December 31, 2018 and 2017
1. Description of the BB&T Corporation 401(k) Savings Plan
The following description of the BB&T Corporation 401(k) Savings Plan (the "Plan") provides only general information. Participants should refer to the Plan document for a more complete description of the Plan's provisions.
General
The Plan is a defined contribution plan sponsored by BB&T Corporation (the "Corporation" or "Plan Sponsor"). The Plan, which was established effective July 1, 1982 and amended and restated as of January 1, 2013, is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA") as amended. The Board of Directors of the Plan Sponsor ("Board") is responsible for oversight of the Plan, including the appropriateness of the Plan's investment offerings, and monitoring of investment performance. In accordance with the Plan document, certain of the Board's responsibilities have been delegated to the Employee Benefits Plan Committee.
Eligibility for Participation
The Plan covers all employees of participating subsidiaries who meet age and service requirements. Employees are eligible to make salary reduction contributions immediately after employment with the Corporation and are eligible to receive matching contributions after attaining the age of 21 with one year of continuous employment in which they have worked at least 1,000 hours. Participation in the Plan is based on voluntary election by each employee.
Contributions
Participants can elect to contribute between 1 percent and 50 percent, in whole percentages, of their eligible earnings, as defined in the Plan document, on a pre-tax basis subject to certain Internal Revenue Code ("IRC") limitations. The Plan also has a Roth feature that allows for after-tax contributions. Eligible participants who have attained the age of 50 before the close of the plan year may make catch-up contributions up to $6,000. Participants may make changes in their contribution percentage at any time. Allocations among fund options offered by the Plan may be changed on a daily basis. Participants may also contribute funds from other tax-qualified plans as rollover contributions.
The Plan Sponsor will match participant contributions (other than catch-up contributions), subject to certain IRC limitations using a formula based on the company in which a participant works:
▪
CRC Insurance Services, Inc.: Match of 50%
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McGriff, Seibels and Williams, Inc.: Match of 100% on the first 4% deferred
▪
All others: Match of 100% on the first 6% deferred
CRC Insurance Services, Inc. and AmRisc, LLC may also make profit sharing contributions at the discretion of their respective Board of Directors. For the year ended
December 31, 2018
, eligible employees of CRC Insurance Services, Inc. and AmRisc, LLC received profit sharing contributions totaling $1,876,427 and $589,169, respectively.
Vesting
Participants are vested immediately in their contributions, employer matching contributions and actual earnings allocated to their account. Nonvested employer matching contributions may occur as a result of participants in predecessor plans that have terminated their employment with their employer.
Notes Receivable from Participants
Participants may borrow from their account balances an amount not to exceed the lesser of $50,000 (less adjustments as required by the Internal Revenue Service ("IRS") or 50 percent of their account balance. The minimum loan amount allowed by the Plan is $1,000. Only one loan can be taken during the Plan year and a participant may have only one loan outstanding at any time. The interest rate charged on amounts borrowed is equal to the Corporation's prime lending rate plus 1 percent at the loan origination date. Principal and interest is paid ratably through payroll deductions. Loans from merged plans are carried at the terms and conditions that were set by the predecessor plans.
BB&T Corporation 401(k) Savings Plan
Notes to Financial Statements
December 31, 2018 and 2017
Payment of Benefits
Upon termination, a participant may elect to have distributions paid from their account in installments, a lump sum or any combination of the two. Retired participants may elect installment payments to occur over a period not to exceed the participant's life expectancy, or the life expectancy of the participant and beneficiary. Hardship withdrawals are allowed by the Plan in accordance with Plan provisions and IRS regulations.
Participant Accounts
Each participant's individual account is credited with the participant's contributions and allocations of matching contributions, earnings/(losses) on the account and administrative expenses. Allocations of earnings/(losses) and expenses are based upon the market activity and fees of the investment options selected by the participant. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.
Forfeitures
Forfeitures represent nonvested employer matching contributions of participants in predecessor plans that have terminated their employment with their employer. At
December 31, 2018
and
2017
, forfeited accounts totaled $56,612 and $73,989, respectively, which can be used to reduce employer contributions. In
2018
, contributions by the employer were reduced by $0 from the forfeiture account.
2. Summary of Significant Accounting Policies
Basis of Accounting
The Plan's financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.
Administrative Expenses and Investment-Related Fees
Administrative expenses are paid by the Plan, unless otherwise paid by the Plan Sponsor. Expenses that are paid by the Plan Sponsor are excluded from these financial statements. The Plan Sponsor has elected to pay certain administrative fees related to professional services provided to the Plan. Investment-related fees are included in net appreciation (depreciation) of fair value of investments.
Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Related fees are recorded as administrative expenses. No allowance for credit losses has been recorded as of
December 31, 2018
or
2017
.
Cash and Cash Equivalents
Cash and cash equivalents includes interest-bearing deposits with a bank subsidiary of the Corporation so that the carrying value of cash and cash equivalents approximates the fair value of these instruments.
Investment Valuation and Income Recognition
Participants may direct the investment of their contributions as well as employer matching contributions among various mutual funds, BB&T Corporation Stock, collective trusts, separately managed accounts consisting primarily of common stock and foreign stock, and an associate insured deposit account, each offering different degrees of risk and return. There is also a self-directed brokerage investment option for Plan participants. The Employee Benefits Plan Committee determines the Plan's valuation policies utilizing information provided by the custodian. The Plan's investments are stated at fair value. Refer to Note 4 for disclosures of methodologies used to determine the recorded fair value of Plan investments.
BB&T Corporation 401(k) Savings Plan
Notes to Financial Statements
December 31, 2018 and 2017
Purchases and sales of investments are recorded on a trade-date basis. Dividend income on mutual funds is recorded on the ex-dividend date. Capital gain distributions on mutual funds are included in dividend income. Dividend income on BB&T Corporation common stock is recorded on the ex-dividend date. The Plan presents in the Statement of Changes in Net Assets Available for Benefits the net appreciation/(depreciation) in the fair value of its investments, which consists of the realized gains or losses and unrealized appreciation or depreciation on investments held at year end.
The Financial Accounting Standards Board ("FASB") ASC Topic 820,
Fair Value Measurements
("Topic 820"), provides a framework for measuring fair value which requires that an entity determine asset and liability fair values based on the exit price from an orderly transaction in the principal market for the asset or liability being measured.
Payment of Benefits
Benefits claims are recorded when they have been approved for payment and paid by the Plan.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits at the dates of the financial statements and the reported changes in net assets available for benefits during the reported periods. Actual results could differ from those estimates.
3. Associate Insured Deposit Account
The Plan invests in an associate insured deposit account, which is a deposit account with a bank subsidiary of the Plan Sponsor. Under the terms of the account agreement, Branch Banking and Trust Company ("Branch Bank") is required to set aside collateral equal or greater in market value to the amount on deposit in the account in excess of the amount insured under the Federal Deposit Insurance Act.
The interest rate resets monthly based on market yields for United States Treasury Notes having a one-year maturity. The rate credited is based on the average yield that was effective as of the 30
th
day of the month two months prior plus fifty basis points. The crediting interest rates for the period from January 1, 2018 to
December 31, 2018
ranged from 2.12 percent to 3.19 percent and the average yield rate was 2.70 percent.
4. Fair Value Measurements
Topic 820 establishes a three-level fair value hierarchy that describes the inputs used to measure assets and liabilities. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The valuation methodology was applied consistently from year to year.
Level 1
Level 1 asset and liability fair values are based on quoted prices in active markets for identical assets and liabilities. Level 1 assets and liabilities include mutual funds, common stock and foreign stock traded on an exchange or listed market. In addition, the Plan offers a self-directed brokerage option that holds mutual funds and common stock and two separately managed accounts that primarily hold common stock and foreign stock, which are traded on an exchange or listed market.
Mutual funds are valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (NAV) and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded. Common stock is valued at the closing price reported on the active market on which the individual securities are traded.
BB&T Corporation 401(k) Savings Plan
Notes to Financial Statements
December 31, 2018 and 2017
Level 2
Level 2 asset and liability fair values are based on observable inputs that include: quoted market prices for similar assets or liabilities in an active market not defined by Level 1; quoted market prices for identical or similar assets or liabilities in markets that are not active; or other inputs that are observable in the market and can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include the associate insured deposit account, collective trusts and corporate and government bonds in the self-directed brokerage option.
The associate insured deposit account is carried at amortized cost, which approximates fair value. Refer to Note 3 for detailed disclosures related to the Plan's investment in the associate insured deposit account.
The fair value of the collective trusts is based on NAV, as provided by the trustee. The NAV is based on the fair value of the underlying investments held by the funds less its liabilities. Transactions (purchase and sales) may occur daily. The collective trusts have a readily determinable fair value in that NAV is determined and made available to the Plan daily, and is the basis for current transactions. Were the Plan to initiate a full redemption of the collective trust, the investment adviser reserves the right to temporarily delay withdrawal from the trust in order to ensure that securities liquidations at the then current NAV will be carried out in an orderly business manner. The collective trusts have a daily redemption frequency, redemption notice periods of 30 days to one year, and no unfunded commitments.
The fair value of government securities and corporate bonds are determined by closing prices at the end of the Plan year. Closing prices are obtained from third party pricing vendors. When quoted prices are unavailable, pricing vendors use various evaluation methodologies, which are based on quoted prices for securities with similar coupons, ratings, and maturities.
Level 3
Level 3 assets and liabilities are financial instruments whose value is calculated by the use of pricing models and/or discounted cash flow methodologies, as well as financial instruments for which the determination of fair value requires significant management judgment or estimation. These methodologies may result in a significant portion of the fair value being derived from unobservable data. As of
December 31, 2018
and
2017
, there are no level 3 assets or liabilities.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
Assets and liabilities measured at fair value on a recurring basis are summarized below:
BB&T Corporation 401(k) Savings Plan
Notes to Financial Statements
December 31, 2018 and 2017
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December 31, 2018
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Total
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Level 1
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Level 2
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BB&T common stock
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$
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518,733,087
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$
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518,733,087
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$
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—
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Mutual funds
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1,917,803,503
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1,917,803,503
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—
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Self-directed investments
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171,159,234
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168,535,828
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2,623,406
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Collective trusts
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1,413,637,323
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—
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1,413,637,323
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Separately managed accounts:
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Common stock
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2,816,548
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2,816,548
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—
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Foreign stock
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248,861
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248,861
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—
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Mutual fund
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21,508
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21,508
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—
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Associate insured deposit account
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213,869,327
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—
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213,869,327
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Cash and cash equivalents
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3,554,605
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3,554,605
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—
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Total investments at fair value
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$
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4,241,843,996
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$
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2,611,713,940
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$
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1,630,130,056
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December 31, 2017
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Total
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Level 1
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Level 2
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BB&T common stock
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$
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613,072,311
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$
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613,072,311
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$
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—
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Mutual funds
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2,116,228,844
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2,116,228,844
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—
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Self-directed investments
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175,877,922
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174,056,828
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|
|
1,821,094
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Collective trusts
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1,434,922,552
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|
—
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|
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1,434,922,552
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Separately managed accounts:
|
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|
|
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Common stock
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3,949,098
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|
|
3,949,098
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|
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—
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|
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Foreign stock
|
392,830
|
|
|
392,830
|
|
|
—
|
|
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Associate insured deposit account
|
210,467,027
|
|
|
—
|
|
|
210,467,027
|
|
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Cash and cash equivalents
|
4,986,427
|
|
|
4,986,427
|
|
|
—
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Total investments at fair value
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$
|
4,559,897,011
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|
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$
|
2,912,686,338
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$
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1,647,210,673
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There were no transfers between levels during
2018
and
2017
.
5. Tax Status
The IRS has determined and informed the Plan Sponsor by letter dated November 19, 2014, that the Plan was designed in accordance with applicable sections of the IRC. Although the Plan has been amended since receiving the determination letter, the Plan Administrator believes that the Plan was designed and is currently being operated in compliance with the applicable provisions of the IRC. Therefore, no provision for income taxes was included in the Plan's financial statements.
Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions by the Plan, and has concluded that as of
December 31, 2018
and
2017
, there are no uncertain positions taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan Administrator believes it is no longer subject to income tax examinations for years prior to 2015.
BB&T Corporation 401(k) Savings Plan
Notes to Financial Statements
December 31, 2018 and 2017
6. Plan Termination
Although it has not expressed any intent to do so, the Plan Sponsor has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, assets of the Plan would be distributed in accordance with the Plan document.
7. Related Party and Party-In-Interest Transactions
Included in the Plan assets are BB&T Corporation common stock, mutual funds advised by a subsidiary of the Corporation, assets held in separately managed accounts that are managed by a subsidiary of the Corporation, an associate insured deposit account with Branch Bank and cash in an interest-bearing checking account with Branch Bank. Balances, income and transactions related to these investments, which are party-in-interest transactions under ERISA, are presented in the following tables:
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December 31,
|
|
|
2018
|
|
2017
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|
Number of shares, BB&T Corporation common stock
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11,974,448
|
|
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12,330,497
|
|
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BB&T Corporation common stock
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$
|
518,733,087
|
|
|
$
|
613,072,311
|
|
|
Mutual funds
|
1,275,558,161
|
|
|
1,461,875,254
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Separately managed accounts
|
3,086,917
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|
|
4,341,928
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|
|
Associate insured deposit account
|
213,869,327
|
|
|
210,467,027
|
|
|
Interest-bearing checking account
|
3,554,605
|
|
|
4,986,427
|
|
|
|
|
|
|
|
|
|
|
For the year ended
|
|
|
December 31, 2018
|
|
Dividends on BB&T Corporation common stock
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$
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18,868,314
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|
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Dividends on investments in mutual funds
|
113,850,543
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|
|
Interest on associate insured deposit account
|
5,672,338
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In addition, the cost of administrative services rendered by the Corporation's Trust Division is party-in-interest and totaled $388,053 for the year ended
December 31, 2018
. The expenses paid through the Plan include only transactional charges such as loan issuance fees, Qualified Domestic Relations Order fees and check reissues. In addition, there are fees charged by TD Ameritrade to participants with self-directed brokerage accounts and fees charged by ProNvest to participants that opt to receive guidance on investment election/allocation. Fees charged by Ameritrade and ProNvest were $224,488 and $136,414, respectively for the year ended
December 31, 2018
.
8. Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Benefits.
9. Subsequent Events
On February 7, 2019, BB&T and SunTrust Banks, Inc. announced that both companies' Boards of Directors unanimously approved an agreement to combine in an all-stock merger of equals. The merger is expected to close late in the third or fourth quarter of 2019, subject to satisfaction of closing conditions, including receipt of regulatory approvals and approval by the shareholders of each company. It is anticipated that this Plan will continue and SunTrust employees will enter the Plan during 2020.
|
|
|
|
|
|
|
|
|
|
|
|
BB&T Corporation 401(k) Savings Plan (EIN 56-0939887, Plan No. 003)
|
|
Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)
|
|
December 31, 2018
|
|
|
|
|
|
|
|
|
(a)
|
( b )
|
|
( c )
|
|
( e )
|
|
|
Identity of Issue, Borrower, Lessor or Similar Party
|
|
Description of Investment, Including Maturity Date, Rate of Contract, Collateral, Par or Maturity Value
|
|
Current Value
|
|
*
|
BB&T Corporation
|
|
Common stock
|
|
$
|
518,733,087
|
|
|
|
|
|
|
|
|
|
*
|
Sterling Capital Total Return Bond Fund
|
|
Mutual fund
|
|
214,419,882
|
|
|
*
|
Sterling Capital Mid Value Fund
|
|
Mutual fund
|
|
205,613,221
|
|
|
*
|
Sterling Capital Behavorial Small Cap Value Equity Fund
|
|
Mutual fund
|
|
111,600,142
|
|
|
*
|
Sterling Capital Special Opportunities Fund
|
|
Mutual fund
|
|
271,060,060
|
|
|
*
|
Sterling Capital Equity Income Fund
|
|
Mutual fund
|
|
257,462,273
|
|
|
*
|
Sterling Capital Behavioral Large Cap Val Equity Fund
|
|
Mutual fund
|
|
215,402,583
|
|
|
|
Federated Investors Treasury Obligation Fund
|
|
Mutual fund
|
|
92,859,922
|
|
|
|
Fidelity Contrafund
|
|
Mutual fund
|
|
220,141,255
|
|
|
|
American Funds EuroPacific
|
|
Mutual fund
|
|
132,591,759
|
|
|
|
T. Rowe Price Mid Cap Growth Fund
|
|
Mutual fund
|
|
196,652,406
|
|
|
|
|
|
|
|
1,917,803,503
|
|
|
|
|
|
|
|
|
|
|
T. Rowe Price Retirement Balanced Trust
|
|
Collective trust
|
|
52,594,962
|
|
|
|
T. Rowe Price Retirement 2005 Trust
|
|
Collective trust
|
|
4,956,166
|
|
|
|
T. Rowe Price Retirement 2010 Trust
|
|
Collective trust
|
|
26,916,113
|
|
|
|
T. Rowe Price Retirement 2015 Trust
|
|
Collective trust
|
|
45,645,287
|
|
|
|
T. Rowe Price Retirement 2020 Trust
|
|
Collective trust
|
|
127,386,538
|
|
|
|
T. Rowe Price Retirement 2025 Trust
|
|
Collective trust
|
|
123,295,894
|
|
|
|
T. Rowe Price Retirement 2030 Trust
|
|
Collective trust
|
|
170,920,222
|
|
|
|
T. Rowe Price Retirement 2035 Trust
|
|
Collective trust
|
|
99,280,541
|
|
|
|
T. Rowe Price Retirement 2040 Trust
|
|
Collective trust
|
|
128,865,086
|
|
|
|
T. Rowe Price Retirement 2045 Trust
|
|
Collective trust
|
|
77,337,696
|
|
|
|
T. Rowe Price Retirement 2050 Trust
|
|
Collective trust
|
|
56,484,180
|
|
|
|
T. Rowe Price Retirement 2055 Trust
|
|
Collective trust
|
|
40,111,812
|
|
|
|
T. Rowe Price Retirement 2060 Active Trust
|
|
Collective trust
|
|
5,272,416
|
|
|
|
Legal & General MSCI ACWI
|
|
Collective trust
|
|
60,546,967
|
|
|
|
Legal & General S&P 500
|
|
Collective trust
|
|
280,622,535
|
|
|
|
Morley Stable Value Fund
|
|
Collective trust
|
|
113,400,908
|
|
|
|
|
|
|
|
1,413,637,323
|
|
|
|
|
|
|
|
|
|
|
Plan Participants
|
|
Self-directed investments
|
|
171,159,234
|
|
|
|
|
|
|
|
|
|
*
|
Notes Receivable from Participants
|
|
Participant loans (4.25% to 7.75% thru May 2046)
|
|
74,455,458
|
|
|
|
|
|
|
|
|
|
*
|
Branch Banking and Trust Company
|
|
Associate insured deposit account
|
|
213,869,327
|
|
|
|
|
|
|
|
|
|
*
|
Branch Banking and Trust Company
|
|
Cash and cash equivalents
|
|
3,554,605
|
|
|
|
|
|
|
|
|
|
Holdings in Separately Managed Accounts
|
|
|
I Shares Russell 2000 Value Index Fund
|
|
Mutual fund
|
|
21,508
|
|
|
|
Abercrombie & Fitch Co Cl A
|
|
Common stock
|
|
7,739
|
|
|
|
Adt Inc Common
|
|
Common stock
|
|
4,033
|
|
|
|
Aerojet Rocketdyne Holdings Common
|
|
Common stock
|
|
4,369
|
|
|
|
Aes Corp Common
|
|
Common stock
|
|
8,257
|
|
|
|
Affiliated Managers Group Inc Com
|
|
Common stock
|
|
75,029
|
|
|
|
Agnc Investment Corp Common
|
|
Common stock
|
|
5,087
|
|
|
|
Air Lease Corp Common
|
|
Common stock
|
|
43,925
|
|
|
|
Alaska Air Group Inc Common
|
|
Common stock
|
|
4,260
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BB&T Corporation 401(k) Savings Plan (EIN 56-0939887, Plan No. 003)
|
|
Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)
|
|
December 31, 2018
|
|
|
|
|
|
|
|
|
(a)
|
( b )
|
|
( c )
|
|
( e )
|
|
|
Identity of Issue, Borrower, Lessor or Similar Party
|
|
Description of Investment, Including Maturity Date, Rate of Contract, Collateral, Par or Maturity Value
|
|
Current Value
|
|
|
Allison Transmission Holdings Inc Common
|
|
Common stock
|
|
5,445
|
|
|
|
Amag Pharmaceuticals Inc Common
|
|
Common stock
|
|
4,709
|
|
|
|
American Eagle Outfitters Common
|
|
Common stock
|
|
4,852
|
|
|
|
American Equity Investment Life Holding Co Common
|
|
Common stock
|
|
10,869
|
|
|
|
American Outdoor Brands Corp Common
|
|
Common stock
|
|
5,440
|
|
|
|
Apogee Enterprises Inc Common
|
|
Common stock
|
|
4,358
|
|
|
|
Apple Hospitality Reit Inc Common
|
|
Common stock
|
|
4,478
|
|
|
|
Arbor Realty Trust Inc Common
|
|
Common stock
|
|
4,995
|
|
|
|
Arcbest Corp Common
|
|
Common stock
|
|
6,338
|
|
|
|
Arch Coal Inc - A Common
|
|
Common stock
|
|
7,552
|
|
|
|
Arcosa Inc Common
|
|
Common stock
|
|
9,581
|
|
|
|
Ares Commercial Real Estate Corp Common
|
|
Common stock
|
|
4,655
|
|
|
|
Armour Residential Reit Inc Common
|
|
Common stock
|
|
6,109
|
|
|
|
Associated Banc Corp Common
|
|
Common stock
|
|
4,948
|
|
|
|
Atkore International Group I Common
|
|
Common stock
|
|
5,000
|
|
|
|
Atlas Air Worldwide Holdings Common
|
|
Common stock
|
|
5,780
|
|
|
|
Avx Corporation Common
|
|
Common stock
|
|
3,309
|
|
|
|
Axos Financial Inc Common
|
|
Common stock
|
|
579
|
|
|
|
Azz Incorporated Common
|
|
Common stock
|
|
5,328
|
|
|
|
Bank Ozk Common
|
|
Common stock
|
|
2,009
|
|
|
|
Bankunited Inc Common
|
|
Common stock
|
|
4,521
|
|
|
|
Banner Corporation Common
|
|
Common stock
|
|
6,738
|
|
|
|
Barnes & Noble Common
|
|
Common stock
|
|
5,509
|
|
|
|
Barrett Business Svcs Inc Common
|
|
Common stock
|
|
4,523
|
|
|
|
Berkshire Hills Bancorp Inc Common
|
|
Common stock
|
|
2,265
|
|
|
|
Bj'S Restaurants Inc Common
|
|
Common stock
|
|
4,096
|
|
|
|
Blucora Inc Common
|
|
Common stock
|
|
4,902
|
|
|
|
Brixmor Property Group Inc Common
|
|
Common stock
|
|
4,818
|
|
|
|
Cadence Bancorp Common
|
|
Common stock
|
|
5,252
|
|
|
|
Cal-Maine Foods Inc Common
|
|
Common stock
|
|
5,753
|
|
|
|
Carmax Inc. Common
|
|
Common stock
|
|
66,807
|
|
|
|
Cathay General Bancorp Common
|
|
Common stock
|
|
8,047
|
|
|
|
Cbl & Associates Properties Common
|
|
Common stock
|
|
4,458
|
|
|
|
Cbre Group Inc Common
|
|
Common stock
|
|
66,867
|
|
|
|
Cbs Corp Cl B Common
|
|
Common stock
|
|
46,125
|
|
|
|
Centurylink Inc
|
|
Common stock
|
|
30,830
|
|
|
|
Cherry Hill Mortgage Investment Common
|
|
Common stock
|
|
5,490
|
|
|
|
Chesapeake Lodging Trust Common
|
|
Common stock
|
|
560
|
|
|
|
Chimera Investment Corp Common
|
|
Common stock
|
|
5,239
|
|
|
|
Cirrus Logic Common
|
|
Common stock
|
|
6,006
|
|
|
|
Cit Group Inc Inc Common
|
|
Common stock
|
|
4,057
|
|
|
|
Clearway Energy Inc -Class A Common
|
|
Common stock
|
|
10,355
|
|
|
|
Clearway Energy Inc -Class C Common
|
|
Common stock
|
|
7,331
|
|
|
|
Cno Financial Group Inc Common
|
|
Common stock
|
|
8,318
|
|
|
|
Columbia Property Trust Inc Common
|
|
Common stock
|
|
4,683
|
|
|
|
Community Tr Bancorp Inc Common
|
|
Common stock
|
|
5,783
|
|
|
|
Consol Energy Inc Common
|
|
Common stock
|
|
1,490
|
|
|
|
Continental Building Products Inc Common
|
|
Common stock
|
|
4,276
|
|
|
|
Core-Mark Holding Company Inc Common
|
|
Common stock
|
|
5,138
|
|
|
|
Cousins Pptys Inc Common
|
|
Common stock
|
|
948
|
|
|
|
Crown Holdings Inc Common
|
|
Common stock
|
|
70,669
|
|
|
|
Customers Bankcorp Inc Common
|
|
Common stock
|
|
4,368
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BB&T Corporation 401(k) Savings Plan (EIN 56-0939887, Plan No. 003)
|
|
Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)
|
|
December 31, 2018
|
|
|
|
|
|
|
|
|
(a)
|
( b )
|
|
( c )
|
|
( e )
|
|
|
Identity of Issue, Borrower, Lessor or Similar Party
|
|
Description of Investment, Including Maturity Date, Rate of Contract, Collateral, Par or Maturity Value
|
|
Current Value
|
|
|
Cvr Energy Inc Common
|
|
Common stock
|
|
4,551
|
|
|
|
Deckers Outdoor Corp Common
|
|
Common stock
|
|
9,212
|
|
|
|
Denbury Resources Inc Common
|
|
Common stock
|
|
3,158
|
|
|
|
Dhi Group Inc Common Dhi Group Inc
|
|
Common stock
|
|
4,583
|
|
|
|
Dicks Sporting Goods Inc Common
|
|
Common stock
|
|
4,618
|
|
|
|
Diodes Inc Common
|
|
Common stock
|
|
7,355
|
|
|
|
Dollar General Corp. Common
|
|
Common stock
|
|
49,717
|
|
|
|
Domtar Corporation Common
|
|
Common stock
|
|
5,270
|
|
|
|
Dsw Inc
|
|
Common stock
|
|
6,620
|
|
|
|
Dynex Capital Inc Common
|
|
Common stock
|
|
1,333
|
|
|
|
E Trade Financial Corp Common
|
|
Common stock
|
|
66,698
|
|
|
|
Ebay Inc Common
|
|
Common stock
|
|
57,544
|
|
|
|
Employers Holdings Inc Common
|
|
Common stock
|
|
6,925
|
|
|
|
Encompass Health Corp Common
|
|
Common stock
|
|
7,404
|
|
|
|
Endurance International Group Common
|
|
Common stock
|
|
3,990
|
|
|
|
Enterprise Financial Services Corp Common
|
|
Common stock
|
|
7,789
|
|
|
|
Fidelity National Information Services Inc Common
|
|
Common stock
|
|
58,454
|
|
|
|
Financial Institutions Inc. Common
|
|
Common stock
|
|
4,677
|
|
|
|
First Bancorp Common
|
|
Common stock
|
|
5,748
|
|
|
|
First Data Corp -Class A Common
|
|
Common stock
|
|
45,082
|
|
|
|
Flagstar Bancorp Inc Common
|
|
Common stock
|
|
6,336
|
|
|
|
Fnb Corp Common
|
|
Common stock
|
|
4,310
|
|
|
|
Foot Locker Inc. Common
|
|
Common stock
|
|
4,788
|
|
|
|
Fossil Group Inc. Common
|
|
Common stock
|
|
7,928
|
|
|
|
Franklin Financial Network Common
|
|
Common stock
|
|
4,720
|
|
|
|
Fti Consulting Inc
|
|
Common stock
|
|
8,463
|
|
|
|
Gannett Co Inc Common
|
|
Common stock
|
|
5,536
|
|
|
|
Generac Holdings Inc Common
|
|
Common stock
|
|
5,566
|
|
|
|
Genesco Common
|
|
Common stock
|
|
6,291
|
|
|
|
Gentex Corp Common
|
|
Common stock
|
|
64,450
|
|
|
|
Genworth Financial Cl A Common
|
|
Common stock
|
|
8,113
|
|
|
|
Getty Realty Corp Common
|
|
Common stock
|
|
1,059
|
|
|
|
Global Brass & Copper Holdings Inc Common
|
|
Common stock
|
|
3,773
|
|
|
|
Gray Television Inc.
|
|
Common stock
|
|
5,557
|
|
|
|
Great Ajax Corp Common
|
|
Common stock
|
|
3,229
|
|
|
|
Great Western Bancorp Inc Common
|
|
Common stock
|
|
6,906
|
|
|
|
Hancock Whitney Corp
|
|
Common stock
|
|
8,420
|
|
|
|
Heidrick & Struggles Intl Inc Common
|
|
Common stock
|
|
6,144
|
|
|
|
Hollyfrontier Corp Common
|
|
Common stock
|
|
7,668
|
|
|
|
Hope Bancorp Inc Common
|
|
Common stock
|
|
6,333
|
|
|
|
Hospitality Pptys Tr Common
|
|
Common stock
|
|
4,585
|
|
|
|
Huntsman Corporation Common
|
|
Common stock
|
|
3,665
|
|
|
|
Iberiabank Corp Common
|
|
Common stock
|
|
9,256
|
|
|
|
Idacorp Inc
|
|
Common stock
|
|
11,819
|
|
|
|
Independent Bank Corp Common
|
|
Common stock
|
|
5,381
|
|
|
|
Industrial Logistics Properties Common
|
|
Common stock
|
|
5,036
|
|
|
|
Innoviva Inc Common
|
|
Common stock
|
|
3,298
|
|
|
|
Insight Enterprises Common
|
|
Common stock
|
|
5,420
|
|
|
|
Interdigital Inc Common
|
|
Common stock
|
|
5,912
|
|
|
|
Jabil Inc Common
|
|
Common stock
|
|
5,454
|
|
|
|
Jacobs Engr Group Inc Common
|
|
Common stock
|
|
37,414
|
|
|
|
Jefferies Finl Group Inc Common
|
|
Common stock
|
|
80,221
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BB&T Corporation 401(k) Savings Plan (EIN 56-0939887, Plan No. 003)
|
|
Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)
|
|
December 31, 2018
|
|
|
|
|
|
|
|
|
(a)
|
( b )
|
|
( c )
|
|
( e )
|
|
|
Identity of Issue, Borrower, Lessor or Similar Party
|
|
Description of Investment, Including Maturity Date, Rate of Contract, Collateral, Par or Maturity Value
|
|
Current Value
|
|
|
Jetblue Awys Corp Com
|
|
Common stock
|
|
4,224
|
|
|
|
K12 Inc Common
|
|
Common stock
|
|
6,024
|
|
|
|
Kemet Corp Common
|
|
Common stock
|
|
5,753
|
|
|
|
Kforce Inc Common
|
|
Common stock
|
|
4,514
|
|
|
|
Kimco Rlty Corp Common
|
|
Common stock
|
|
4,703
|
|
|
|
Kkr Real Estate Finance Trust Common
|
|
Common stock
|
|
3,600
|
|
|
|
Knowles Corp Common
|
|
Common stock
|
|
29,349
|
|
|
|
Korn/Ferry International Common
|
|
Common stock
|
|
4,468
|
|
|
|
Laboratory Corp Of American Holdings Common
|
|
Common stock
|
|
56,862
|
|
|
|
Ladder Capital Corp -Reit Common
|
|
Common stock
|
|
6,900
|
|
|
|
Lincoln National Corp. Common
|
|
Common stock
|
|
43,614
|
|
|
|
Live Oak Bancshares Inc Common
|
|
Common stock
|
|
3,036
|
|
|
|
Louisiana Pacific Corp Pac Corp Common
|
|
Common stock
|
|
7,977
|
|
|
|
Ltc Properties Inc
|
|
Common stock
|
|
1,834
|
|
|
|
Macquarie Infrastructure Co Common
|
|
Common stock
|
|
4,241
|
|
|
|
Marcus Corporation
|
|
Common stock
|
|
1,146
|
|
|
|
Markel Corporation Common
|
|
Common stock
|
|
61,245
|
|
|
|
Materion Corp Common
|
|
Common stock
|
|
5,444
|
|
|
|
Matrix Service Co Common
|
|
Common stock
|
|
4,646
|
|
|
|
Matson Inc-W/I Alexander & Baldwin Holdings Inc Common
|
|
Common stock
|
|
5,796
|
|
|
|
Mcgrath Rentcorp Common
|
|
Common stock
|
|
1,133
|
|
|
|
Mckesson Corp Corporation
|
|
Common stock
|
|
46,950
|
|
|
|
Medical Properties Trust Inc Common
|
|
Common stock
|
|
7,123
|
|
|
|
Merchants Bancorp Common
|
|
Common stock
|
|
4,212
|
|
|
|
Mfa Financial Inc
|
|
Common stock
|
|
4,469
|
|
|
|
Mgic Investment Corp
|
|
Common stock
|
|
11,579
|
|
|
|
Murphy Oil Corporation Common
|
|
Common stock
|
|
4,187
|
|
|
|
Nanometrics Inc Common
|
|
Common stock
|
|
4,154
|
|
|
|
National Fuel Gas Company Common
|
|
Common stock
|
|
5,220
|
|
|
|
Navient Corp Common
|
|
Common stock
|
|
3,348
|
|
|
|
Navigant Consulting Inc Common
|
|
Common stock
|
|
6,181
|
|
|
|
Ncr Corp Common
|
|
Common stock
|
|
79,695
|
|
|
|
Nektar Therapeutics Common
|
|
Common stock
|
|
1,282
|
|
|
|
Nelnet Inc Cl A Common
|
|
Common stock
|
|
8,427
|
|
|
|
New Residential Investment Corp Common
|
|
Common stock
|
|
8,242
|
|
|
|
New York Mortgage Trust Inc Common
|
|
Common stock
|
|
6,067
|
|
|
|
News Corp Common New Cl B
|
|
Common stock
|
|
39,848
|
|
|
|
Northwestern Corporation Common
|
|
Common stock
|
|
10,283
|
|
|
|
Office Depot Inc Common
|
|
Common stock
|
|
6,391
|
|
|
|
Ofg Bancorp Common
|
|
Common stock
|
|
7,407
|
|
|
|
Oge Energy Corp Common
|
|
Common stock
|
|
5,643
|
|
|
|
Omnicom Group Common
|
|
Common stock
|
|
38,817
|
|
|
|
On Semiconductor Common
|
|
Common stock
|
|
5,184
|
|
|
|
Onemain Holdings Inc Common
|
|
Common stock
|
|
4,032
|
|
|
|
Oritani Financial Corporation Common
|
|
Common stock
|
|
5,930
|
|
|
|
Oshkosh Truck B Cl B
|
|
Common stock
|
|
4,169
|
|
|
|
Park Hotels & Resorts Inc Common
|
|
Common stock
|
|
5,144
|
|
|
|
Pattern Energy Group Inc Common
|
|
Common stock
|
|
7,169
|
|
|
|
Patterson Companies Inc Common
|
|
Common stock
|
|
6,291
|
|
|
|
Pbf Energy Inc. Common
|
|
Common stock
|
|
5,456
|
|
|
|
Pc Connection Inc
|
|
Common stock
|
|
4,668
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BB&T Corporation 401(k) Savings Plan (EIN 56-0939887, Plan No. 003)
|
|
Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)
|
|
December 31, 2018
|
|
|
|
|
|
|
|
|
(a)
|
( b )
|
|
( c )
|
|
( e )
|
|
|
Identity of Issue, Borrower, Lessor or Similar Party
|
|
Description of Investment, Including Maturity Date, Rate of Contract, Collateral, Par or Maturity Value
|
|
Current Value
|
|
|
Peapack Gladstone Finl Corp Common
|
|
Common stock
|
|
5,389
|
|
|
|
Pennymac Mortgage Investment Trust Common
|
|
Common stock
|
|
6,610
|
|
|
|
Pennymac Financial Services Common
|
|
Common stock
|
|
5,485
|
|
|
|
Perficient Inc Common
|
|
Common stock
|
|
4,986
|
|
|
|
Photronics Inc Common
|
|
Common stock
|
|
6,369
|
|
|
|
Piedmont Office Realty Trust Inc Common
|
|
Common stock
|
|
7,344
|
|
|
|
Pinnacle West Cap Corporation Common
|
|
Common stock
|
|
8,350
|
|
|
|
Piper Jaffray Cos Common
|
|
Common stock
|
|
5,201
|
|
|
|
Portland General Electric Co Common
|
|
Common stock
|
|
12,104
|
|
|
|
Post Holdings Inc. Common
|
|
Common stock
|
|
4,902
|
|
|
|
Premier Inc Class A Common
|
|
Common stock
|
|
3,474
|
|
|
|
Quanta Services Inc Common
|
|
Common stock
|
|
4,726
|
|
|
|
Radian Group Inc Common
|
|
Common stock
|
|
9,718
|
|
|
|
Radnet Inc. Common
|
|
Common stock
|
|
6,173
|
|
|
|
Ralph Lauren Corp Common
|
|
Common stock
|
|
4,966
|
|
|
|
Rambus Inc Common
|
|
Common stock
|
|
5,484
|
|
|
|
Rayonier Advanced Materials Common
|
|
Common stock
|
|
28,063
|
|
|
|
Rayonier Advanced Materials Common
|
|
Common stock
|
|
2,631
|
|
|
|
Rbb Bancorp Common
|
|
Common stock
|
|
3,619
|
|
|
|
Realogy Holdings Corp Common
|
|
Common stock
|
|
38,975
|
|
|
|
Redwood Trust Inc Common
|
|
Common stock
|
|
6,616
|
|
|
|
Regal Beloit Corp Common
|
|
Common stock
|
|
1,891
|
|
|
|
Regional Management Corp Common
|
|
Common stock
|
|
3,920
|
|
|
|
Reinsurance Grp Of Amer Of America Common
|
|
Common stock
|
|
7,713
|
|
|
|
Renewable Energy Group Inc Common
|
|
Common stock
|
|
6,425
|
|
|
|
Rent-A-Center Inc Common
|
|
Common stock
|
|
6,589
|
|
|
|
Rexford Industrial Realty Inc Common
|
|
Common stock
|
|
4,037
|
|
|
|
Rh Common
|
|
Common stock
|
|
6,710
|
|
|
|
Sabra Health Care Reit Inc Common
|
|
Common stock
|
|
8,075
|
|
|
|
Sabre Corp Common
|
|
Common stock
|
|
4,523
|
|
|
|
Sally Beauty Company Inc Common
|
|
Common stock
|
|
6,309
|
|
|
|
Sandy Spring Bancorp Inc Common
|
|
Common stock
|
|
5,767
|
|
|
|
Sanfilippo John B & Co Inc Common
|
|
Common stock
|
|
3,061
|
|
|
|
Sanmina Corp Common
|
|
Common stock
|
|
6,641
|
|
|
|
Santander Consumer Usa Holdings Common
|
|
Common stock
|
|
5,840
|
|
|
|
Scansource Inc Common
|
|
Common stock
|
|
5,398
|
|
|
|
Schnitzer Steel Inds Inc Cl A
|
|
Common stock
|
|
4,612
|
|
|
|
Schweitzer Mauduit Intl Inc Common
|
|
Common stock
|
|
5,085
|
|
|
|
Shoe Carnival Inc Common
|
|
Common stock
|
|
6,132
|
|
|
|
Signature Bank Common
|
|
Common stock
|
|
4,215
|
|
|
|
Simmons First National Corp-Cl A Common
|
|
Common stock
|
|
7,336
|
|
|
|
Sinclair Broadcast Group A
|
|
Common stock
|
|
5,663
|
|
|
|
Skywest Inc Common
|
|
Common stock
|
|
4,625
|
|
|
|
Sl Green Realty Common
|
|
Common stock
|
|
1,028
|
|
|
|
Slm Corporation Common
|
|
Common stock
|
|
47,475
|
|
|
|
Sonoco Products Company Common
|
|
Common stock
|
|
4,304
|
|
|
|
Southwest Gas Corp Common
|
|
Common stock
|
|
1,224
|
|
|
|
Southwestern Energy Co Common
|
|
Common stock
|
|
31,491
|
|
|
|
Southwestern Energy Co Common
|
|
Common stock
|
|
6,915
|
|
|
|
Spectrum Brands Holdings Inc Common
|
|
Common stock
|
|
44,278
|
|
|
|
Spirit Realty Capital Inc Common
|
|
Common stock
|
|
4,195
|
|
|
|
Steelcase Inc Cl A
|
|
Common stock
|
|
6,481
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BB&T Corporation 401(k) Savings Plan (EIN 56-0939887, Plan No. 003)
|
|
Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)
|
|
December 31, 2018
|
|
|
|
|
|
|
|
|
(a)
|
( b )
|
|
( c )
|
|
( e )
|
|
|
Identity of Issue, Borrower, Lessor or Similar Party
|
|
Description of Investment, Including Maturity Date, Rate of Contract, Collateral, Par or Maturity Value
|
|
Current Value
|
|
|
Stericycle Inc Common
|
|
Common stock
|
|
12,475
|
|
|
|
Synchrony Financial Common
|
|
Common stock
|
|
47,272
|
|
|
|
Synovus Financial Common Corp
|
|
Common stock
|
|
4,511
|
|
|
|
T Rowe Price Group Inc
|
|
Common stock
|
|
51,699
|
|
|
|
Tcf Financial Corp Common
|
|
Common stock
|
|
6,549
|
|
|
|
Tech Data Corp Common
|
|
Common stock
|
|
8,672
|
|
|
|
Tenet Healthcare Corp Corp Common
|
|
Common stock
|
|
3,325
|
|
|
|
Terreno Realty Corp Common
|
|
Common stock
|
|
3,974
|
|
|
|
Texas Capital Bancshares Inc Common
|
|
Common stock
|
|
4,445
|
|
|
|
Treehouse Foods Inc Common
|
|
Common stock
|
|
5,223
|
|
|
|
Trimas Corporation Common
|
|
Common stock
|
|
6,195
|
|
|
|
Trinity Industries Common
|
|
Common stock
|
|
28,044
|
|
|
|
Triple S Management Corp Common
|
|
Common stock
|
|
4,504
|
|
|
|
Tristate Capital Hldgs Inc Common
|
|
Common stock
|
|
1,070
|
|
|
|
Trustco Bk Corp Ny
|
|
Common stock
|
|
5,625
|
|
|
|
Ttm Technologies Inc Common
|
|
Common stock
|
|
4,991
|
|
|
|
Turtle Beach Corp Common
|
|
Common stock
|
|
4,038
|
|
|
|
Two Harbors Investment-Wi
|
|
Common stock
|
|
4,083
|
|
|
|
United Financial Bancorp Inc Common
|
|
Common stock
|
|
6,439
|
|
|
|
Unitil Corp Com
|
|
Common stock
|
|
5,520
|
|
|
|
Universal Insurance Holdings Inc Common
|
|
Common stock
|
|
6,522
|
|
|
|
Universal Truckload Services Inc Common
|
|
Common stock
|
|
3,148
|
|
|
|
Urban Outfitters Inc Common
|
|
Common stock
|
|
4,880
|
|
|
|
Vera Bradley Inc. Common
|
|
Common stock
|
|
3,565
|
|
|
|
Verso Corp Common
|
|
Common stock
|
|
7,885
|
|
|
|
Vici Properties Inc Common
|
|
Common stock
|
|
4,188
|
|
|
|
Vista Outdoor Inc Common
|
|
Common stock
|
|
4,438
|
|
|
|
W&T Offshore Inc Common
|
|
Common stock
|
|
3,976
|
|
|
|
Warrior Met Coal Inc Common
|
|
Common stock
|
|
5,545
|
|
|
|
Washington Federal Inc
|
|
Common stock
|
|
8,040
|
|
|
|
Whiting Petroleum Corp Common
|
|
Common stock
|
|
2,519
|
|
|
|
Williams-Sonoma Inc
|
|
Common stock
|
|
4,086
|
|
|
|
Xerox Corp Common
|
|
Common stock
|
|
4,130
|
|
|
|
Zimmer Biomet Holdings Inc Common
|
|
Common stock
|
|
65,344
|
|
|
|
Zions Bancorp
|
|
Common stock
|
|
7,374
|
|
|
|
|
|
|
|
2,838,056
|
|
|
|
|
|
|
|
|
|
|
Assured Guaranty Ltd
|
|
Foreign stock
|
|
5,742
|
|
|
|
Axalta Coating Systems Ltd
|
|
Foreign stock
|
|
70,494
|
|
|
|
Civeo Corp Common
|
|
Foreign stock
|
|
5,913
|
|
|
|
Costamare Inc Common
|
|
Foreign stock
|
|
4,298
|
|
|
|
Endo Intl Plc Common
|
|
Foreign stock
|
|
5,606
|
|
|
|
Enstar Group Ltd
|
|
Foreign stock
|
|
41,557
|
|
|
|
Essent Group Ltd
|
|
Foreign stock
|
|
6,699
|
|
|
|
Fabrinet
|
|
Foreign stock
|
|
8,774
|
|
|
|
First Bancorp Puerto Rico
|
|
Foreign stock
|
|
8,136
|
|
|
|
Mallinckrodt Pub Ltd Co Common
|
|
Foreign stock
|
|
5,530
|
|
|
|
Popular Inc
|
|
Foreign stock
|
|
6,422
|
|
|
|
Sensata Technologies Holding
|
|
Foreign stock
|
|
70,175
|
|
|
|
Signet Jewelers Ltd
|
|
Foreign stock
|
|
7,180
|
|
|
|
Trinseo Sa
|
|
Foreign stock
|
|
2,335
|
|
|
|
|
|
|
|
248,861
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BB&T Corporation 401(k) Savings Plan (EIN 56-0939887, Plan No. 003)
|
|
Schedule H, line 4(i)-Schedule of Assets (Held At End of Year)
|
|
December 31, 2018
|
|
|
|
|
|
|
|
|
(a)
|
( b )
|
|
( c )
|
|
( e )
|
|
|
Identity of Issue, Borrower, Lessor or Similar Party
|
|
Description of Investment, Including Maturity Date, Rate of Contract, Collateral, Par or Maturity Value
|
|
Current Value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
4,316,299,454
|
|
* Party in interest
Cost is omitted because plan investments are participant-directed.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the BB&T Corporation Employee Benefit Plans Committee has duly caused this annual report to be signed on its behalf by the undersigned thereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
|
BB&T Corporation 401(k) Savings Plan
|
|
|
|
|
|
|
|
Date:
|
June 27, 2019
|
|
By:
|
/s/ Steven L. Reeder
|
|
|
|
|
|
Steven L. Reeder
Executive Vice President & Benefits Manager
|
Exhibit Index
|
|
|
|
|
|
|
|
|
Exhibit No.
|
|
Description
|
|
Location
|
|
23.1
|
|
Consent of Independent Registered Public Accounting Firm
|
|
|
|
23.2
|
|
Consent of Independent Registered Public Accounting Firm
|
|
|
BB&T Corp. Prfd G (NYSE:BBTPG)
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BB&T Corp. Prfd G (NYSE:BBTPG)
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De Juin 2023 à Juin 2024
