#1
14th May 2016, 05:11 PM
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Bank Of America Pension Plan
I want to get the details of Defined Benefit pension plan of Bank Of America so can you please provide me?
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#2
14th May 2016, 05:12 PM
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Re: Bank Of America Pension Plan
Bank of America is an American multinational banking and financial services corporation. It is the second largest bank holding company in the United States by assets. It headquartered in Charlotte, North Carolina. Defined Benefit Plan- Defined Benefit pension plans continue to represent a viable retirement plan design for plan sponsors and participants in many industry and business sectors. This highly professional staff can: Provide you with a flexible and comprehensive array of investment, administrative and trust services. Offer efficient approaches to meeting emerging plan liabilities Help you manage overall risk Help participants gain a solid understanding and appreciation of their options and the value of the pension plan. Their Bank of America, N.A. investment team and research group can provide access to: Complete needs analysis Risk Posture assessments Plan liability analysis and modeling Asset allocation review Investment Policy Statement Development Economic analysis Market strategy Manager research and selection Performance measurement Portfolio monitoring Modeling Administrative and recordkeeping services include: Plan eligibility determination, participant welcome information and plan documentation Participant statements Employee enrollment and contributions Required Minimum Distribution tracking and processing Vesting determination Beneficiary maintenance Terminated, disabled, pre-retirement deceased participant benefit processing Benefit elections processing Participant initiated retirement request execution Normal retirement notifications and election processing for terminated vested participants Complete retiree payroll maintenance QDRO execution |