Small Business | Bank of America Merrill Lynch
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2020
Workplace Benefits Report

Insights to help employers support their employees’ financial wellness

Small Business Retirement Plans

Potential solutions to help meet your needs

As a successful business owner, you know there is just one way to stay ahead: continuous improvement. It's the same with your company's retirement plan. It can be a valuable small business benefit, helping you attract and retain the best employees – creating a competitive edge and a way to help keep your company on a strong growth track.

By choosing Merrill for your retirement services, you could benefit from the unbiased, personalized guidance of a dedicated Merrill advisor. Your Merrill advisor works with you through the entire process – evaluation, design, implementation and review – of your retirement plan. Our consultative approach allows us to keep in step with your company as it grows and make sure the plan continues to help you and your employees pursue financial wellness.

Advisor Alliance

Advisor Alliance combines Merrill Lynch Wealth Management’s investment and advisory services with a network of diverse, committed third-party providers who offer competitive recordkeeping and plan administration services for your business retirement plan needs. Advisor Alliance offers the following features to help you pursue better plan outcomes.

  • Your Merrill advisor can help evaluate the platform appropriate for your plan needs and provide personalized guidance on an ongoing basis. By combining our consultative approach with experienced service provider capabilities, our goal is to make it easy for you to make appropriate decisions to help your employees and company pursue financial wellness.
  • Our providers are nationally recognized leaders1 in the industry who offer competitive, value-added products and services. Merrill utilizes a thorough and structured process for service provider selection and potential providers must be experienced leaders in the small and middle market segments with strong product, platform and service capabilities.
  • Through our Fiduciary Advisory Services2 we can help you construct and maintain an investment menu and act as an ERISA fiduciary for the investment advice provided.
  • Our Education and Plan Services encompass non-fiduciary services available3 to the plan including, but not limited to, plan design services, employee education and relationship management.

1 2019 PLANSPONSOR Defined Contribution Survey.

2 Fiduciary Advisory Services is an investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill"). Merrill offers a broad range of brokerage, investment advisory and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. All recommendations must be based on the suitability requirements of the client. Please refer to the Fiduciary Advisory Services Brochure for information on the program including a description of the series and related fees.

3 Education and Plan Services are non-fiduciary services required for Advisor Alliance plans and optional for Bank of America plans.

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You have a plan for your business.

But what about your retirement?

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See how Retirement & Benefit Plan Services can expand the possibilities of your employee benefit solutions.
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