Defined Contribution | Bank of America Merrill Lynch
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Defined Contribution Plan

How do you help your employees prepare for retirement and help build their financial confidence?

By understanding the real-life challenges your employees are facing and providing the right support to encourage retirement readiness. Our goal is to help guide them to better decisions for all areas of their lives, today and long into retirement.

When you work with Bank of America, you and your employees will have a team of deeply experienced and passionate advocates for financial wellness on your side. We can connect your employees to the financial and investment guidance that suits them, their priorities,
and their goals.

Helping your employees navigate their financial lives

As an employer, you play a pivotal role in supporting the financial wellness of your employees, and we support you by always researching new ways to help you succeed in that effort. What we can do together makes a difference.

Let’s discuss how we can help design a program that helps your employees achieve a healthy state of well-being today while preparing financially for tomorrow.

Our Defined Contribution offering emphasizes:

  • Deep financial wellness support
  • Flexible service options
  • Open
  • Fiduciary advisory services
  • Robust employee communication
  • Powerful auto features

Advice Access is an investment advisory program sponsored by Merrill that uses a probabilistic approach to determine the likelihood that participants in the program may be able to achieve their specified annual retirement income goal and/or to identify a potential wealth outcome that could be realized. Additionally, the recommendations provided by Advice Access may include a higher level of investment risk than a participant may be personally comfortable with. Participants are strongly advised to consider their personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Advice Access. Participants should carefully review the explanation of the methodology used, including key assumptions and limitations, which is provided in the Advice Access disclosure document (ADV Part 2A) statement. It can be obtained through Benefits OnLine or through your representative.

IMPORTANT: The projections or other information shown in the Advice Access program regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.

We are fully committed to helping you make a difference for your people

Financial benefits are PEOPLE benefits
We serve nearly 5.9 million retirement plan participants across 28,598 plans.1

Life happens
Planning for retirement means recognizing other life priorities. Our financial wellness specialists and designated advisors can talk with employees one-on-one about their finances, whether online, by phone, or in-person.

Personalized advice matters
With $19.7 billion in total assets,2 our Advice Access solution connects your employees to unbiased savings and investment recommendations online, by phone or in-person.


1 As of June 30, 2019. Source: Bank of America. Merrill Retirement Services is part of Global Wealth and Investment Management (GWIM), the wealth and investment management division of Bank of America Corporation. As of September 30, 2019, Retirement Services had client balances of $400.9 billion. Client Balances consists of assets under management, client brokerage assets and deposits of GWIM retirement plan participants held at Bank of America, N.A. and affiliated banks.
2 As of October 31, 2019.

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