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Merrill provides products and services to various employers, their employees and other individuals. 2023 Bank of America Corporation. If you opt out, though, you may still receive generic advertising. Examples of benefits and programs available to our U.S. employees are below. Personal Retirement Strategy is an online investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith Inc. (MLPF&S or Merrill) that uses a probabilistic approach to determine the likelihood that participants in the program will accumulate sufficient total assets to achieve their annual retirement income goal. 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.). If you're outside the United States, Puerto Rico, or Canada: 646-254-3270 Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America, N.A. These locations have different functions and products to offer. The solution is now available to large and mid-sized companies, and is designed to provide employees: According to Aron Levine, head of Consumer Banking and Investing, This broad range of solutions provides employees a more complete set of tools and resources to manage their finances and pursue their goals. Plus Rewards Card. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly-owned subsidiary of BofA Corp. 4.0. ICP15016286-1 | 32021402001016 | , Home In response to the current global health crisis, LES has assisted teammates impacted by the coronavirus. Contact the Employee Retirement Savings Center 800.637.4015. Financial Life Benefits provides this integrated solution and support, and helps make doing business easier.. Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax or accounting advice. IMPORTANT: The projections or other information shown in the Personal Retirement Strategy 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. Investment products, insurance and annuity products: Financial Life Benefits is a registered trademark of Bank of America Corporation. Bank of America, N.A. Financial wellness. Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. Diversification and asset allocation do not ensure a profit or protect against loss. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Bank of America Launches Personal Retirement Strategy We can empower your organization with benefit options that fit all your people wherever they are in their journey. Global HR Service Center. The power and breadth of our resources allow us to provide a benefits program that meets the near-term and long-term needs of your employees. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Standard Rewards Card. Besides the financial topics Investor Relations deals with Corporate Governance and many more. . To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. One of the most important aspects of your job is offering benefits that reflect the needs of your employees and organization. In connection with providing these products and services, and at the request of the employer, Merrill makes available websites on the internet, mobile device applications, and written materials, including brochures, in order to provide you with information regarding your plan. With this new solution, retirement and health care savings can be addressed alongside short-term financial needs, guided by financial education and professional guidance.. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates. More than 86% of employees and their spouses/partners complete the wellness activities annually. Bank of America Introduces Financial Life Benefits, Delivering the Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Access to online tools, resources, and independent financial planners who can help you get the most from your employee benefits and achieve your personal financial goals. Clients should consult their legal and/or tax advisors before making any financial decisions. Which benefits does Bank of America provide? Your Global Talent Acquisition specialist can share more information about the specific benefits available in your area. Member FDIC.Equal Housing Lender Participants are strongly advised to consider their personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Personal Retirement Strategy. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members ofSIPC, and, in other jurisdictions, by locally registered entities. With core capabilities including employee education and communications, relationship management . opt out of online behavioral advertising In June 2022, ahead of schedule, we raised our U.S. minimum hourly wage to $22 as the next step in our plans to increase to $25 by 2025. 2023 Bank of America Corporation. . Representatives are available Monday until Friday, 8 a.m. to 8 p.m. Eastern Time, except during certain holidays. The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. Online Privacy FAQs Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Also, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. 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 or Merrill), a dually registered broker-dealer and investment adviser and Member SIPC. Teammates are encouraged to complete wellness activities and receive a $500 credit to their annual medical plan premium.1 If the employees spouse/partner also completes these activities, this credit is increased to $1,000. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value, [a wise-looking woman looks at the camera], [a woman playing chess makes a move on the board and looks at her opponent], [a woman of retirement age swims in a pool]. If you prefer that we not use this information, you can opt out of online behavioral advertising. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. We strive to provide you with information about products and services you might find interesting and useful. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. With the wide range of benefits and programs available, employees have the resources they need to be well at every stage of life and plan for the future. Employee Benefit & Retirement Plans from Bank of America Virtual consults with physicians also available in some countries outside the U.S. Bank of America: Employee Benefits and Perks | Glassdoor Plan sponsors will need to sign participation agreements and other documents with the stable value products 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. Merrill offers a broad range of brokerage, investment advisory and other services. We offer quality health and insurance benefits and continue to provide wellness programs and resources, such as annual health screenings and the Get Active! These materials are for informational purposes only. Adoption, fertility & surrogacy reimbursement, Get information about Retiree Resources at Home, For employees on leave, family members and former employees, Hawaiian Medical Service Association (HMSA), Global recognition and service milestones. Bank of America and the Bank of America logo are registered trademarks of BofA Corporation. Investment products, insurance and annuity products: Financial Life Benefits is a registered trademark of Bank of America Corporation. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly-owned subsidiary of BofA Corp. To make or change your deferral elections, log on to Benefits OnLine (benefits.ml.com) or call the Bank of America Employee Retirement Savings Center at 800.637.4015 (TTY: 800.637.1215). We need more companies like Bank of America that show they care for employees not just as workers, but as human beings., - Sheryl Sandberg, COO of Facebook, on our bereavement policy. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Munich and Dsseldorf are often where the elite of Germany live. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Bank of Americas 2022 Workplace Benefits Report highlights that employers remain critical to helping employees achieve overall wellness. At Bank of America, we see more of the people you see every day. Our Media Relations Team provides the press releases, press kits and events. With insights that give your employees the power to see further. U.S. employees can speak with experienced financial counselors at the Benefits Education & Planning Center for free, personalized guidance with retirement planning, benefits coverage and creating a plan to reach financial goals. 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."). All rights reserved. challengeto provide employees access to resources for a healthy lifestyle and help managehealth care costs. Retirement and Personal Wealth Solutions is the institutional retirement business of Bank of America Corporation (BofA Corp.) operating under the name Bank of America. Investment advisory and brokerage 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" or "Merrill"), a dually registered broker-dealer and investment adviser and Member SIPC.

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