Benefit Administration Company, Benefit Administration Services | Bank of America Merrill Lynch
Helping employees to a sound financial future with personalized guidance and professional insight.
Results-based benefits
Studies show that people want effective tools from their employer to help them achieve financial wellness. Bank of America Merrill Lynch delivers retirement and benefit plan solutions that get results, and we have the research to prove it. Explore what we have to offer and let us put our experience to work for you.
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Understanding what they need
People want effective financial wellness solutions from their employer.
of employees increased focus on retirement goals in the last five years.
of plan sponsors agree that employers should offer investment advice
of employees would use financial advice were it available
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Advice that gets results
Statistics show that financial wellness solutions are most effective when they include personalized and actionable advice.
higher annual expected investment returns.
higher average deferrals
35% higher expected income in retirement

On average, PersonalManager® participants deferred 1.9% of compensation or $2070 more per year than do-it-yourself (DIY) participants. DIY participants are those who do not use the Advice Access PersonalManager® service and who have less than 80% of their 401(k) assets in a "balanced" fund (such as a target date fund).

The annual investment return difference is 0.41% on a risk-adjusted basis.

Based on projections for 25 year old participants who continue to contribute to the 401(k) plan until age 65 and withdraw 4% of balances annually starting at age 65. PersonalManager® participants are assumed to continue deferring 1.9% of compensation more than a DIY investor.

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Empowering with knowledge
We work with participants to improve knowledge with workplace insights and actionable information, empowering them to take control of their financial wellness.
The Benefits OnLine® Education Center
Offering videos, articles and tools to help prepare participants for their financial future.
Improving Financial Wellness
Many employers believe that improving financial wellness leads to more loyal, satisfied and productive employees.
Workplace Insights™
Read our latest thinking which can inform and guide your benefits strategy.
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Benefits that work
Working with us can improve the benefits package you offer your workforce, and it may also make your company more attractive to new talent. Here are some of the ways our experience can work for you:
A diverse range of offerings designed to optimize results.
Engagement with personalized outreach.
Industry insights.
Delivery of advice any way they want.
Technology and tools designed to boost performance.
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Actually benefit people
Expand the possibilities of your employee benefit solutions. Take the next step and request contact from our representatives.
See how Retirement & Benefit Plan Services can expand the possibilities of your employee benefit solutions.
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