Employee Benefit Solutions

Empowering employees to achieve financial wellness

One of the most important incentives you can offer employees is a comprehensive benefits program. As a leading provider of employee benefit solutions, Bank of America Merrill Lynch knows that one crucial piece of that is giving employees the ability to become more deeply engaged in their own financial wellness. From managing everyday finances to accumulating wealth, Bank of America Merrill Lynch can give your employees access to integrated financial solutions, resources and tools designed to simplify their daily banking and investing and help them pursue their long-term financial goals. Our dedicated employee benefit consultants will work to understand your business and employee base to deliver customized programs designed to maximize your competitiveness while respecting your bottom line.

¹Bank of America Merrill Lynch is a marketing name for the Retirement Services business of Bank of America Corporation ("BAC"). Banking activities may be performed by wholly owned banking affiliates of BAC, including Bank of America, N.A., member FDIC. Brokerage services may be performed by wholly owned brokerage affiliates of BAC, including Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S"), a registered broker-dealer and member SIPC.

You have a strong commitment to your employees and you want to give them the best. We have the solutions to help. The Bank of America at Work® and Money Network programs — two integrated banking solutions that can help you reduce payroll costs and mitigate risk, while providing your employees with value-added, everyday banking benefits and services — all at no additional cost to you.

Bank of America at Work®

Our Bank of America at Work® program leverages the full capabilities of Bank of America to provide your employees with access to financial education and integrated banking products. Your employees will also have access to Merrill Edge® investing solutions, including featured discounts and personalized advice and guidance to help them pursue financial wellness — at no additional cost to you.

Money Network™

Bank of America offers a solution to help employers increase the use of direct deposit of pay. Through the Money Network program, made available by Bank of America Merchant Services, and the Bank of America at Work program, we provide employers with an integrated payroll solution that offers eligible employees the choice of receiving their pay through a traditional bank account or a paycard. With these combined programs you can help reduce payroll costs, mitigate risk and offer your employees a safe and cost effective way to receive their pay.

As an employer, you recognize that a cost-effective, valued-added benefits package can help you reduce costs and retain key employees. You can count on Bank of America Benefit Solutions to provide consumer directed healthcare accounts that give your employees more choice and greater control over their healthcare spending. Our health care account benefits specialists work closely with you and your employees, providing participants with the tools and support designed to help ensure successful enrollment and participation.

Health Savings Account (HSA)

Our HSA is truly portable and stays with your employees whether they change health plans, move to a new job or retire. With The HSA for Life, employees can save for current or future medical expenses on a pre-tax basis and have more control over how their healthcare dollars are spent. In addition, HSA funds do not expire and are always available to pay for eligible medical expenses.

Health Reimbursement Arrangement (HRA)

With an HRA, you decide the contribution amount and eligible healthcare benefits for employees. Your employees can then access funds to pay for medical expenses not covered in your health plan. As a result, you potentially enjoy tax savings and more efficient cash flows, while your employees avoid filing tedious claim forms and waiting for approvals.

Flexible Spending Account (FSA)

The Health FSA allows your employees to plan ahead for yearly medical outlays by allowing them to set aside pre-tax money on an annual basis. Employees pay for qualified medical expenses incurred during that year. And because Bank of America Benefit Solutions streamlines the claims process, the paperwork for you and your employees is greatly reduced, fostering higher adoption rates across your organization. Employees also have the option to contribute pre-tax dollars to a Dependent Care FSA to pay for childcare and adult care expenses as well.

Bank of America Employee Home Loans®

We are a leading home loan lender and we focus our considerable experience and resources on providing an exceptionally convenient home financing process. Your company and employees can be confident that their mortgage loan officer is working hard for them. Experience, focus and resources — these are a few of the benefits to be gained by making Bank of America Home Loans® your lender of choice.

Our fully integrated retirement and benefit plan includes easy-to-understand programs for Defined Contribution, Defined Benefit, Nonqualified Deferred Compensation, Equity Compensation and Executive Services.

Your employees face increasingly complex challenges pursuing a secure financial future. Whether they choose to manage their own investments, work with an experienced Merrill Lynch Financial Advisor, consult with a team of wealth management specialists, or get advice and guidance from Merrill Edge Financial Solutions Advisors™, our full range of solutions can help them pursue the life they envision.

Merrill Edge®¹

Merrill Edge® is a streamlined investment service that gives your employees the investment insights of Merrill Lynch and the convenience of Bank of America banking to help simplify the financial life of your employees.

Merrill Edge benefits include:

• Investing and banking on one page – With one log-in, your employees can view and transfer funds in real time between their Merrill Edge investment and Bank of America bank accounts.²

• Research and tools – Make informed investment decisions with access to independent research, the insights of Merrill Lynch and easy-to-use tools

• Competitive online pricing with a Merrill Edge®  online investment account

• Merrill Edge Roadmap™³ – Licensed Merrill Edge Financial Solutions Advisors™ will work with your employees to design a personalized action plan to pursue their investment goals and provide regular reviews and specific recommendations tailored to their needs that will help them to stay on track.

• 401(k) rollover assistance – Receive step by step support from a Merrill Edge rollover specialist by phone or in person at select Bank of America banking centers.

• Access anytime, anywhere – Employees can see their Merrill Edge investment and Bank of America bank accounts – online, on their mobile devices and at thousands of Bank of America ATMs

No matter which option your employees choose, they will enjoy a single view of their Merrill Lynch investment and Bank of America banking accounts through merrilledge.com — making financial management that much easier.

Disclosures:
1. Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing.
2. Certain banking and brokerage accounts may be ineligible for real-time money movement, including but not limited to transfers to/from bank IRAs (CD, Money Market), 529s and Credit Cards and transfers from IRAs, Loans (HELOC, LOC, Mortgage) and accounts held in the military bank. Accounts eligible for real-time transfers will be displayed online in the to/from drop down menu on the transfer screen.
3. Merrill Edge Roadmap™ is available with a Merrill Edge Advisory Center™ account

Comprehensive Wealth Management Solutions

As your business grows, your executives, key employees and their families are faced with more complex financial needs. Together with a financial advisor, wealth management specialist or private wealth advisor, your employees can build a customized wealth management strategy to help them pursue their financial goals. We deliver access to the strength and breadth of one of the world's largest financial services organizations with a wide range of traditional and alternative investments to develop detailed, targeted and comprehensive investment strategies reflective of the life, wealth and legacy of each client. Your employees can access a full suite of investment management, wealth structuring, credit and banking, family office, concentrated stock management, tax management, estate and trust planning services, legacy and philanthropy solutions to help preserve and manage wealth.