Bank of America’s defined contribution statement ranked #1 for the 11th year in a row in DALBAR’s 24th Annual Trends & Best Practices in Investor Statements. This DALBAR recognition acknowledges how we are succeeding in delivering personalized, user-friendly statements to help employees.
Defined contribution statement
- 1st place out of 31 providers — 11th year in a row.
- Scored 90.90 points — 22.90 points above the benchmark.
- Rated “Excellent” overall for 16 consecutive years.
- Rated “Excellent” designation in the categories of calculated to be understood, content, and design and format.
- Ranked #1 in the categories of calculated to be understood and statement content.
Total retirement statement
- Ranked #1 overall — 3rd year in a row.
- Scored 88.05 points — 12.83 points above the industry average.
- Ranked #1 in the categories of content, and design and format.