bank of america employee retirement benefits service center
All General Terms and Conditions are in German. Thats why we offer robust financial benefits focused on driving better behaviors across life priorities and the financial spectrum, including: The Financial Wellness Tracker available through Benefits OnLine helps teammates assess where they are financially and connects them with personalized suggestions and company resources to improve their financial health. With each year that passes, thousands of employees retire from Bank of America to begin another chapter of life. Bank of America Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of . 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. Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Bank of America Online Privacy Notice 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. To view the "EEO is the Law" Supplement, CLICK HERE. For employees on leave and former employees, (BAC Code 10375)Verification for Rhode Island-based employees or government agency request call the Global HR Service Center at 800.556.6044, Your 401(k) plan enrollment guide for new hires, Restricted Stock Unit (RSU) Learning Center. 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. By clicking Continue, you will be taken to a website that is not affiliated with Bank of America and may offer a different privacy policy and level of security. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Bank of America today announced findings from its 11th annual Workplace Benefits Report (PDF), which revealed 95% of employers feel a sense of responsibility for the financial wellness of their employees, up from 81% in 2015 1, and more than half (56%) feel extremely responsible.The report also found that over the last year, more employers are offering financial wellness programs (46%, up from . Member FDIC. Automatically enrolling teammates into the 401(k) plan, as we know starting to save early helps with financial planning for retirement. This applies not just to our clients, but to our employees, as well. Bank of America, N.A. Allrightsreserved. You can chat with us or call us toll-free 24/7. 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. How we help people, companies and institutions realize their financial goals. 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. challengeto provide employees access to resources for a healthy lifestyle and help managehealth care costs. 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. 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 . Media Relations is the right contact for journalists. 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. Service Center at 1.800.556.6044. Our benefit programs are designed to meet the diverse needs of employees at every stage of your life and help you plan for tomorrow. At Bank of America, we see more of the people you see every day. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. ("MLLA"), a licensed insurance agency. 2023 Bank of America Corporation. We invest in tools and resources to help employees manage their career with us. and our We see more of the people you see every day. We can empower your organization with benefit options that fit all your people wherever they are in their journey. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Participants are strongly advised to consider their personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Personal Retirement Strategy. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Get information about Retiree Resources at Home, Access your W-2layerClick Pay, then clickW-2 Tax Statements. All rights reserved. Watch our video to see how we are helping employees understand their retirement plan benefits. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and 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.). Suggestion 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. For more information about your equity awards, please call 1.877.767.2404 . Equal Housing Lender. Relationship-based ads and online behavioral advertising help us do that. Equal Housing Lender. 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. 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. Relationship-based ads and online behavioral advertising help us do that. English-language customer service +49(69)910-10000 Monday to . Go to Retirement planning and insurance in German, Make payments and withdraw cash around the world, Total transparency and control with the app, Securities selection according to risks and asset classes, Current assessments of markets and sectors, Access to the global investment know-how of Deutsche Bank, Risk coverage just in case: safeguard what is important to you, Useful services for financing your own home, Long-term and individual financing concept, Take advantage of suitable follow-up financing. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Our corporate and commercial clients also appreciate the convenience of working with a single provider who understands the unique needs of their company and their employees. Financial wellness. Our Retiree Resources at Home is available to retired U.S-based Bank of America employees, and provides support for you and your family. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. With Personal Retirement Strategy, we are connecting employees to the personalized retirement income planning resources they need to take charge of their financial future, said Tom Matarazzo, Institutional Retirement Advisory Programs executive at Bank of America. This microsite has been specifically set up to assist our English-speaking clients with permanent residence in Germany. Additional information is available in our Client Relationship Summary. Based on service for eligible U.S. teammates. Available to US-based employees. This information should not be construed as investment advice and is subject to change. 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. Your Global Talent Acquisition specialist can share more information about the specific benefits available in your area. The company serves clients through operations across the United States, its territories and approximately 35 countries. Munich and Dsseldorf are often where the elite of Germany live. For employees on leave and retireeslayer. Sabbaticals begin at 15 years of continuous service and may be taken up to two timesthroughout their career. Explore now. If you prefer that we do not use this information, you may We strive to provide you with information about products and services you might find interesting and useful. 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. 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.). We offer eligible U.S. employees up to 5% of eligible pay in 401(k) company-matching contributions, plus 2% or 3% in annual contributions (based on years of service). There are professionals, students and graduates, as well as school pupils at . list is available use arrows keys to navigate. Given the competitive environment for skilled employees, offering a compelling benefits program gives companies an edge to attract and retain talent and help grow their businesses, said Alastair Borthwick, head of Global Commercial Banking. 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. You can click the Return to Bank of America button now to return to the previous page or you can use the Back button on your browser after you leave. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The Bank of America 401(k) Plan As you leave the company . 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. 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 . If you opt out, though, you may still receive generic advertising. The company serves clients through operations across the United States, its territories and approximately 35 countries. Diversification and asset allocation do not ensure a profit or protect against loss. As a retired employee, you can catch up on the latest news about Bank of Americaby reading our quarterly newsletter. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. don.vecchiarello@bofa.com. Bank of America, N.A. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,700 lending centers, 2,600 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,400 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 40 million active users, including approximately 31 million mobile users. Please review the information for your state in the Personal Schedule of Fees (at www.bankofamerica.com/feesataglance or at your local Banking Center) and in the Online Banking Service Agreement at www.bankofamerica.com/serviceagreement. These locations have different functions and products to offer. It may not be complete. At Bank of America, part of being a great place to work is creating opportunities for employees to grow, develop and build a career at our company. Critical events, such as natural disasters, fires or acts of violence, Working with a medical accommodation need in the workplace. Let's start a conversation. Member FDIC. 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. If you opt out, though, you may still receive generic advertising. [in a hedge maze, a woman consults a map while a man looks to her for direction]. Their two teams (the Active Traders and Experience the Edge) that participated in our annual Get Active! With this new solution, retirement and health care savings can be addressed alongside short-term financial needs, guided by financial education and professional guidance.. 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). One of the most important aspects of your job is offering benefits that reflect the needs of your employees and organization. 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. Stay tuned for important information at the end of this video. Additional information is available in our Client Relationship Summary. Bank of America Online Privacy Notice Member FDIC. Our Investor Relations Team provides the financial results and reports of Infineon, for example the quarterly financial results, or annual reports. 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. 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. 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.). Phone: 1.646.855.3267 Bank of America offers institutional client employees a range of financial benefit programs and solutions to help them pursue their financial future. 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]. 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. Virtual consults with physicians also available in some countries outside the U.S. We offer eligible U.S. employees up to 5% of eligible pay in 401 (k) company-matching contributions, plus 2% or 3% in annual contributions (based on years of service). Please remember there's always the potential of losing money when you invest in securities. We bring a breadth of experience and resources from across Bank of America to help you create programs that engage employees and make your job easier. Clients should consult their legal and/or tax advisors before making any financial decisions. Allrightsreserved. Examples of benefits and programs available to our U.S. employees are below. More than ever before, employees are looking to their employers to provide benefits that help them navigate the complexity of planning for tomorrow, said Lorna Sabbia, head of Retirement and Personal Wealth Solutions at Bank of America. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. 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. This custom cancer support program, offered through the Memorial Sloan Kettering Cancer Center, includes expedited appointments with MSK specialists, coordinating care and more. 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. Equal Housing Lender. Get to know yourbenefits options for 2023Learn more learn moreGet to know yourbenefits options for2023Learn more learn moreGet to know yourbenefits options for 2023Learn more learn more, Here, U.S.-based Bank of America employees can access a wide range of benefits and programs to support you and your family when away from a work computer.Use the navigation tabs on this page to explore information about Employee Resources at home. 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.). At least a third say each of these were major reasons why they left. For teammates working in the office, we have, Through our partnership with Thrive Global, we. To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE. 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. Our retirees take the experience, skills, network and relationships gained during their tenure with them into retirement. Choose the program that best fits your needs. Watch our video to hear our story. All rights reserved. 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. 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. 2Investment advice on 401(k) assets is only provided to plan participants through certain investment advisory programs as directed by plan sponsors. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America is a marketing name for the Retirement Services business of BofA Corp. Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., member FDIC. Clients should consult their legal and/or tax advisors before making any financial decisions. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. For many employees, a 401 (k) plan (or defined contribution plan) is one of their most critical retirement vehicles. 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. 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. 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]. Online Privacy FAQs Phone: 1.770.361.2573 Financial Life Benefits and Bank of America Financial Life Benefits are trademarks of Bank of America Corporation. 1 Investment products are available from Merrill Lynch, Pierce, Fenner & Smith Incorporated. Please use the various contact channels, which are accessible through our different service modules attached to the pages. 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.). Besides the financial topics Investor Relations deals with Corporate Governance and many more. Member FDIC. Benefits Education & Planning Center. CHARLOTTE - Bank of America today announced the launch of Personal Retirement Strategy, a new digital investment advisory program. Institutional and corporate retirement plan clients can now offer this Merrill program designed to help plan participants establish and pursue their retirement income goals. [a woman looks through binoculars, not noticing the beautiful scene behind her]. 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.). If you're outside the United States, Puerto Rico, or Canada: 646-254-3270 CIO viewpoints are developed for Bank of America Private Bank, a division of Bank of America, N.A., (Bank of America) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S or Merrill), a registered broker-dealer, registered investment adviser and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.). 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. Bank of America, N.A. And while the priorities and to-do lists may change, we want to help our retirees stay connected to Bank of America through our dedicated Retiree Resources portal. Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason. 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. These resources can help you find your next position at the bank. 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. Bank of America Retirement Plan. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Infineon Service Center (call us: +49 89 234 65555) Our support is available in English, German and Mandarin. 211 Ratings. With insights that give your employees the power to see further. Certain links may direct you away from Bank of America to an unaffiliated site. Similar offerings are available in our other locations across the globe.
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