Institutional Trust | Bank of America Merrill Lynch
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Institutional Trust Services

Institutional Trust and Custody Services

Bank of America provides a full suite of institutional trust, custody and pension payment services, paired with Merrill investment solutions, all designed to safekeep your retirement plan assets.

Institutional trust, custody and pension payment services

Institutional Trust Services

Trust and pension payment services through Bank of America

Our ERISA-compliant platform and robust technology, includes responsive eReporting services and online access to your trust and investment management accounts.

Services that support all aspects of your organization’s trust and custody needs include:

  • Securities Operations
  • Trust Administration
  • Transaction Processing
  • Reporting

Your retirement plan will be assigned a dedicated Bank of America trust team, with an experienced trust officer and administrators. Bank of America, N.A. acts as a non-discretionary, directed trustee for your plan.

Investment solutions through Merrill

Our Merrill advisors have a broad understanding of the retirement plan needs of employers and can help you develop investment strategies that align with your Investment Policy Statement and asset allocation guidelines. Your Merrill advisor team will also help you conduct strategic and tactical analysis of your portfolio, conduct performance review, attend pension committee meeting and provide access to non-proprietary investment solutions.

Safekeeping plan assets on behalf of our clients

25,941 employee benefit plan clients3

1,330,877 retiree pension payments annually4

$354.5 billion in client balances5

1 Merrill Lynch Investment Advisory Program (IAP) is an investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith (also referred to as "MPLFS" or "Merrill").

2 Bank of America, N.A. will act as a fiduciary in providing investment services and will manage plan assets consistent with the duties and standards established under ERISA, including its oversight of any third-party investment managers. Bank of America and its representatives do not provide investment advice with regard to defined benefit plans where Bank of America, N.A. is a fiduciary.

3 As of March 31, 2020.

4 As of December 31, 2019.

5 Source: Bank of America. Bank of America Merrill Lynch’s Retirement Services is part of Global Wealth and Investment Management (GWIM), the wealth and investment management division of Bank of America Corporation. As of March 31, 2020, Retirement Services had client balances of $354.5 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.

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