Workplace Insights | Bank of America Merrill Lynch

Retirement & Benefit Plan Services

Public Policy Insights

We are committed to working with Washington policymakers, advocating on our clients' behalf.

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Retirement and benefit public policy and relevant industry trends are constantly changing. To help our clients keep abreast of the issues, laws and industry changes that are being considered in the employee benefits and compensation space and what these changes may mean to our clients and their employees, we provide insights through reports, webcasts, bulletins and more.

Legislative & Regulatory Brief, a high level overview of key topics in Washington and our point of view

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Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss.

Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax or accounting advice. Clients should consult their legal and/or tax advisors before making any financial decisions.

Bank of America is a marketing name for the Retirement Services business of Bank of America Corporation ("BofA Corp."). Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., member FDIC. Brokerage and investment advisory services are provided by wholly owned non-bank affiliates of BofA Corp., including Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S"), a dually registered broker-dealer and investment adviser and member SIPC.

Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly-owned subsidiary of BofA Corp.

Investing in stable value products is typically more involved than investing in other diversified fund offerings. Plan sponsors will need to sign participation agreements and other documents with the stable value product’s sponsor; will also be required to meet certain eligibility criteria; and such investments are typically subject to plan-level withdrawal restrictions that may limit plan liquidity.

Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, or U.S. Trust Company of Delaware. Both are wholly-owned subsidiaries of Bank of America Corporation ("BofA Corp.").

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, Member SIPC, and a wholly-owned subsidiary of BofA Corp.

Investment products, insurance and annuity products:

Are Not FDIC Insured	Are Not Bank Guaranteed	May Lose Value
Are Not Deposits	Are Not Insured by Any Federal Government Agency	Are Not a Condition to Any Banking Service or Activity

MLPF&S makes available investment products sponsored, managed, distributed or provided by companies that are affiliates of BofA Corp.

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Workplace Insights^TM | Public Policy & Trends

Following policy and trends that impact plan sponsors

Workplace InsightsTM | Public Policy & Trends

Following policy and trends that impact plan sponsors

Workplace Insights^TM | Public Policy & Trends