Institutional Trust Services
Trustee, custodial, investment and pension payment services you can rely on
The safekeeping of retirement plan assets for the exclusive benefit of participants and their beneficiaries is a critically important responsibility and a core business of Bank of America Merrill Lynch. Through Bank of America, N.A., we provide comprehensive institutional trust services, custody and pension payment services, paired with unique investment solutions.
Trust services and administration
You will have the support of a dedicated trust team headed by an experienced trust officer and administrators. When appropriate, a Merrill Lynch financial advisor will work with you and the trust team to ensure a smooth administrative process.
Trust/custody accounting and reporting services include:
- Securities clearance and daily safekeeping of assets
- Corporate action communication and processing
- Proxy reporting and class action filing
- Trade settlement, daily account reconciliation
- ERISA compliant accounting schedules
|
- Daily, monthly and annual reporting
- Type II Service Auditors' Report (SAS 70)
- Revalued cost reports
- Automatic sweep of cash balances into short-term investment funds
- Online inquiry and communication
- Online access to transactions, balances, daily valuations and statements
|
Investment solutions
Because our Merrill Lynch financial advisers have a thorough understanding of retirement plans, you can rely on them to help you develop investment strategies that correspond to your investment policy statement and asset allocation guidelines.
Your Merrill Lynch financial adviser team will:
- Help develop and monitor investment strategy
- Conduct strategic and tactical analysis to determine portfolio rebalancing needs
|
- Conduct performance reviews
- Attend pension committee meetings
- Provide information and access to our non-proprietary, open-architecture investment solutions
|
Retiree pension payment services
Getting pension payments to retirees accurately and on time is one of the most important roles a trustee can play. Our pension payment services include:
- Recurring payments via check or ETF
- Lump sum payments
- All tax withholding, remitting, reporting
- Tax reporting to retirees
|
- Medical deductions and remittance
- Rollovers to an Individual Retirement Rollover Account
- Semi-annual death audits
- Online access to retiree data, history and payment status
|