The PDF is your official payslip. In the wrong place? Employee Retirement Benefits Service Center (pension and TSA plans) 800.457.5700. Additional information is available in our Client Relationship Summary. 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. Bank of America Launches Personal Retirement Strategy, a New Digital Investment Advisory Program. 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. Member FDIC. These ads are based on your specific account relationships with us. Equal Housing Lender. Member FDIC. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. You benefit from our deep insights gained from millions of interactions and research across the organization. Our contract language is German. Our benefit programs are designed to meet the diverse needs of employees at every stage of your life and help you plan for tomorrow. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason. 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. 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. Between current U.S.based teammates and their families and retirees, we are responsible for providing comprehensive health, insurance and wellness benefits to nearly 400,000 people. 1 Investment products are available from Merrill Lynch, Pierce, Fenner & Smith Incorporated. Life Event Services (LES) is an internal, highly specialized group that provides personalized support for major life events, including connecting employees to resources, benefits and counseling. Trust and bank fiduciary services are provided by Bank of America, N.A., member FDIC. Retiree Retirement Savings Center(401(k) plans; stock and long-term cash), Retiree Retirement Benefits Service Center(Pension and TSA plans), To report the death of a U.S. employee, retiree or dependent. Programs, rates, terms and conditions are subject to change without notice. This milestone service anniversary program provides eligible employees the opportunity to take 4-6 weeks additional paid time off every five years. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. For more comprehensive information on all our products and services in Germany, please visit our German Website. Through this offering, Bank of America brings together traditional financial benefits including 401(k)1, health care savings2, equity compensation1, and non-qualified deferred compensation plans1 with a corporate employee banking and investing offering that can help address employees everyday needs through spending and savings solutions from Bank of America and investing solutions powered by Merrill. Equal Housing Lender. Under no circumstances should these websites, applications, and material, or any information included in these websites, applications, and materials, be considered an offer to sell or a solicitation to buy any securities, products, or services from Merrill or any other person or entity. 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. Participants can elect to invest their 401(k) assets themselves, or have a portfolio created and managed on their behalf in Merrill Managed. Retiree Retirement Benefits Service Center (Pension and TSA plans) 800.457.5700. Bank of America Introduces Financial Life Benefits, Delivering the Industrys Most Comprehensive Set of Solutions and Guidance to Employees of Corporate Clients. These ads are based on your specific account relationships with us. 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. Stay tuned for important information at the end of this video. Bank of America YBR Benefits Center Phone Number: 800-556-6044. 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. Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC. don.vecchiarello@bofa.com. International use permitted. Company goals are aspirational and not guarantees or promises that all goals will be met. Part of the package. Well help you understand what your people need now and where they want to be in the future, through a holistic outlook to help set them up for success now and years from now. At Bank of America, we are committed to working with our institutional clients to provide financial wellness and benefits offerings that address the evolving needs and expectations of their workforce. To select, click here. 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. Some accounts and services, and the fees that apply to them, vary from state to state. To view the "EEO is the Law" Supplement, CLICK HERE. Certain links may direct you away from Bank of America to an unaffiliated site. Phone: 1.646.855.3267 [a couple reviews documents about their personal finances], [a group of friends takes a selfie using one of their phones]. Phone: 1.770.361.2573 Diversification and asset allocation do not ensure a profit or protect against loss. For plan sponsor and consultant use only. We provide industry-leading benefits, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. It is important to understand the differences, particularly when determining which service or services to select. We invest in tools and resources to help employees manage their career with us. *This communication provides information about certain Bank of America benefits. Bank of America's employee resources at home allow you to stay connected to the programs, resources and benefits offered, even when away from your work computer. If you opt out, though, you may still receive generic advertising. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Certain links may direct you away from Bank of America to an unaffiliated site. Majorities of workers who quit a job in 2021 say low pay (63%), no opportunities for advancement (63%) and feeling disrespected at work (57%) were reasons why they quit, according to the Feb. 7-13 survey. Suggestion In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. If you prefer that we not use this information, you can opt out of online behavioral advertising. Financial Life Benefits provides this integrated solution and support, and helps make doing business easier.. If you prefer that we do not use this information, you may opt out of online behavioral advertising. Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise. With the wide range of benefits and programs available, we offer resources to support employees and their families at every stage of life and plan for the future. Bank of America today announced the launch of Financial Life BenefitsTM, a suite of workplace benefits and solutions designed to help meet the near- and long-term financial needs of our corporate clients' employees. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. Touch device users, explore by touch or with swipe gestures. Watch our video to hear our story. Our Retiree Resources at Home is available to retired U.S-based Bank of America employees, and provides support for you and your family. Investment products, insurance and annuity products: Financial Life Benefits is a registered trademark of Bank of America Corporation. Get information about Retiree Resources at Home, Access your W-2layerClick Pay, then clickW-2 Tax Statements. What we could use is someone who can help us figure things out now. Roughly half say child care issues were a reason they quit a job (48% . Results may vary with each use and over time. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. Sharing photos motivated these virtual teams to get active and stay connected. . 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. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. opt out of online behavioral advertising Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. ("MLLA"), a licensed insurance agency. At Bank of America, our employees are the foundation of our success. Institutional and corporate retirement plan clients can now offer this Merrill program designed to help plan participants establish and pursue their retirement income goals. To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. 3896 employees reported this benefit. 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. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. These resources can help you find your next position at the bank. When it comes to financial wellness, we believe that the more informed people are about their money, the clearer their financial outlook can be. Private retirement savings; Financial security across generations; Risk coverage just in case: safeguard what is important to you; Go to Retirement planning and insurance in German . 2020 Bank of America Corporation. 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.). Heres how we can help. Financial Life Benefits is a powerful solution for employers to help their employees plan, save and take control of their future. Your Global Talent Acquisition specialist can share more information about the specific benefits available in your area. 'use strict';const footerYearContainer=document.getElementById("js-global-footer__year");footerYearContainer.innerHTML=(new Date).getFullYear(); Bank of America Corporation. As part of our ongoing focus on supporting teammates physical and emotional wellness, Bank of America focuses on preventive healthcare and makes MSK Direct available to U.S. teammates, their family members and friends. We are positioned to deliver this offering through the unmatched convenience of more than 25,000 financial advisors and specialists, 4,300 financial centers across the country, our Preferred Rewards program, and award-winning digital banking and investing capabilities4.. Similar offerings are available in our other locations across the globe. 2021 Bank of America Corporation. The employees at Infineon are active in many different areas, we offer many different career paths. Diversification and asset allocation do not ensure a profit or protect against loss. We have enhancedourpaid bereavement leave across the globe to an industry-leading 20 days for full-time employees who lose a spouse, partner or child. We're here to help provide you with retirement-readiness solutions, while helping to build financial confidence for your workforce. 866.777.8187. Examples of benefits and programs available to our U.S. employees are below. For more information about your equity awards, please call 1.877.767.2404 . 2023 Bank of America Corporation. Bank of America is one of the worlds leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Company goals are aspirational and not guarantees or promises that all goals will be met. Financial wellness. Participants should carefully review the explanation of the methodology used, including key assumptions and limitations, as well as a description of services and related fees which is provided in the Personal Retirement Strategy Brochure (ADV Part 2A).It can be obtained through Benefits Online or through the Retirement Benefits Contact Center. Member FDIC.Equal Housing Lender Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax or accounting advice. 211 Ratings. With insights that give your employees the power to see further. Participants are strongly advised to consider their personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Personal Retirement Strategy. Thats why were committed to offering a variety of competitive programs and benefits that support your physical, emotional and financial wellness both at work and at home. With this new solution, retirement and health care savings can be addressed alongside short-term financial needs, guided by financial education and professional guidance.. Retired U.S.-based Bank of America employees can access a wide range of benefits and programs to support you and your family during your retirement.Learn more about Bank of America or connect to us on social media.If youre a current U.S.-based employee looking for information about benefits and programs, visit our Employee Resources at Home page. The Bank of America 401(k) Plan As you leave the company . MLPF&S is a registered broker-dealer, registered investment adviser, MemberSIPCand a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (BofA Corp.). Bank of America offers institutional client employees a range of financial benefit programs and solutions to help them pursue their financial future. Their two teams (the Active Traders and Experience the Edge) that participated in our annual Get Active! 2023 Bank of America Corporation. 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. Representatives are available Monday until Friday, 8 a.m. to 8 p.m. Eastern Time, except during certain holidays. Additional information is available in our Client Relationship Summary. 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). Personal Retirement Strategy is the latest addition to Financial Life Benefits, a comprehensive suite of workplace benefits and solutions that helps address employees every day and long-term financial needs. Clients should consult their legal and/or tax advisors before making any financial decisions. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Benefits Education & Planning Center. and our 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. Certain links may direct you away from Bank of America to an unaffiliated site. We can empower your organization with benefit options that fit all your people wherever they are in their journey. Online Privacy FAQs 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. Bank of America and the Bank of America logo are registered trademarks of BofA Corporation. At Bank of America, we see more of the people you see every day. For information about your 401(k) retirement account, please call1.800.228.4015, For more information about your equity awards, please call1.877.767.2404, Defined Contribution Plans: Maria Csencsitz 609.274.1544, Defined Benefit: Maria Csencsitz 609.274.1544, Health account solutions: Kevin Rountree 252.519.3061, Defined contribution -Michael Keady 617 434 0684, Generalist Patrick Dunne 609 274 5929. If you opt out, though, you may still receive generic advertising. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. 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. Providing guidance that considers your employees 401(k), [a father marks his daughters height on a door frame], while theyre also thinking about saving for college, [a mother plays with her two daughters outside of their house], [a construction worker smiles for the camera], [many people at work in an office setting], [a woman leans against her RV while looking at directions on her phone], [a couple of retirement age dance in their living room], Its a more holistic outlook to help set them up for success now and years from now, [a woman smiles confidently for the camera]. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Virtual consults with physicians also available in some countries outside the U.S. Bank of America Online Privacy Notice Brokerage and Investment advisory services are provided by wholly owned non-bank affiliates of BofA Corp., including MLPF&S, a dually registered broker-dealer and investment adviser and member SIPC. 4 Banking and mortgage products are offered by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of BofA Corp. . Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Member FDIC.Equal Housing Lender . These materials are for informational purposes only. 2.6K views, 382 likes, 124 loves, 77 comments, 48 shares, Facebook Watch Videos from NET25: Mata ng Agila International | April 20, 2023 If you prefer that we do not use this information, you may For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. We can empower your organization with benefit options that fit all your people wherever they are in their journey. 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. 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. These ads are based on your specific account relationships with us. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. 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. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Company goals are aspirational and not guarantees or promises that all goals will be met. All rights reserved. As a retired employee, you can catch up on the latest news about Bank of Americaby reading our quarterly newsletter. The business case for financial wellness is clear: if teammates are not financially well, there is a greater chance that they may not be physically or emotionally well either. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Access benefits.ml.com > Profile . U.S. employees have access to industry-leading leave for new parents and back-up child and adult careisavailable when regular arrangements arent available. 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. Bank of America's Financial Life Benefits platform provides that comprehensive program, with financial service tools, assessments and trackers that take into account the individual habits, hurdles and goals of every client. All rights reserved. Additional information is available in our Client Relationship Summary. Todays workforce is especially concerned about retirement, but employees often lack the guidance and tools that are essential to develop a plan. 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. Through a range of innovative, industry-leading and flexible programs and benefits, we support our teammates through everyday challenges, special moments and critical life events, including: We are an industry leader in establishing an internal minimum rate of pay above all mandated minimums for our U.S. hourly teammates, and have made regular increases over the past several years. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Personal Retirement Strategy provides all plan participants regardless of age or income with a retirement plan and personalized investment strategy through an intuitive digital experience with full mobile and online capabilities. Learn about the comprehensive range ofservices offered for online and mobile banking. Equal Housing Lender. CHARLOTTE - Bank of America today announced the launch of Personal Retirement Strategy, a new digital investment advisory program. We strive to provide you with information about products and services you might find interesting and useful. Latest Addition to Financial Life Benefits Suite of Workplace Solutions Provides Investment Guidance to Help Employees Achieve Retirement Income Goals. As you leave Bank of America, there are many factors to consider about your . Bank of America is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other service. 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