Defined benefit plans from Merrill

As an employer, you may face complex challenges and opportunities with your defined benefit (DB) plan. We understand what’s important to you and can help you meet today’s challenges with our experience in the DB space, managing a breadth of plans across various industries.

 

We customize strategic investment solutions to ensure that your investment implementation is aligned with your plan’s long-term needs, objectives, and risk tolerance.

 

Watch our video to learn about the benefits of engaging an Outsourced Chief Investment Officer for your defined benefit pension plan.

 

Our integrated defined benefit (DB) capabilities include:

 

  • Flexible pension solutions across investment consulting, discretionary investment management (OCIO), trust, custody, administration, and pension payments
  • Customized strategic consulting based on asset-liability modeling
  • Advisory and discretionary management approaches that include tactical and strategic asset allocation
  • A broad and open-architecture investment platform with extensive due diligence by our Chief Investment Office (CIO)
  • Liability-driven investment (LDI) and de-risking strategies1
  • Comprehensive, fully outsourced plan administrative, recordkeeping and participant services

 

Bank of America's solution set for DB plans is enabled by service offerings across three important areas:

 

Investment consulting

 

  • Co-fiduciary services2 - investment management services for DB pension plans
  • De-risking strategy and customized portfolio structure based on the specific liability for a DB pension plan
  • Strategic asset/liability analysis and monitoring

 

Outsourced CIO Investment management

 

  • Discretionary management of dynamic investment policies
  • Manager selection leveraging CIO due diligence
  • LDI and dynamic de-risking implementation
  • Investment policy statement development

 

Institutional trust and custody

 

  • Bank of America custodial platform
  • Customized separate account implementation
  • Pension payments and tax-reporting 1099-R

 

Frequently asked questions

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Get in touch today

For more information please email us at Workplace-Benefits@bofa.com.

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Our approach

We'll help you understand what your employees need now and in the future, to help you solve today's workplace challenges - and be ready for tomorrow's.

Holistic focus

Learn more about Bank of America's holistic focus that helps us offer a deeper set of benefits solutions for you and your employees. Discover more here.

Workplace Benefits

Learn about our integrated workplace benefits services designed to help employees manage their day-to-day finances and prepare for the future.

1 For plans with over $50 million in assets.

2 As discretionary trustee of your defined benefit pension plan, Bank of America will act as a co-fiduciary for investment management and will manage plan assets consistently with the duties and standards established under ERISA.