Important information
Personal Retirement Strategy is an online investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S” or “Merrill”) that uses a probabilistic
approach to determine the likelihood that participants in the program will accumulate sufficient total assets to achieve their annual retirement income goal. The recommendations provided
by Personal Retirement Strategy may include a higher level of investment risk than a participant may be personally comfortable with. Participants are strongly advised to consider their
personal goals, overall risk tolerance and retirement horizon before accepting any recommendations made by Personal Retirement Strategy. Participants should carefully review the
explanation of the methodology used, including key assumptions and limitations, as well as a description of services and related fees, which is provided in the Personal Retirement
Strategy Brochure (ADV Part 2A). It can be obtained through Benefits OnLine® or through the Retirement Benefits Contact Center.
Merrill offers a broad range of brokerage, investment advisory and other services. There are important differences between brokerage and investment advisory services, including the type
of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service
or services to select.
IMPORTANT: The projections or other information shown in the Personal Retirement Strategy program regarding the likelihood of various investment outcomes are hypothetical in nature,
do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.
For plan sponsor and consultant use only.
The screenshots shown are intended to illustrate the functionality and services through Benefits OnLine. They are not meant as exact representations of the screens available through your plan. The concept screens are for discussion purposes only and do not reflect any
currently available product or service. Any new products, services, enhancements and release dates are subject to change based solely on Bank of America decision, including not proceeding with a planned offering.
Bank of America, Merrill, their affiliates and financial advisors do not provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Asset allocation, diversification and rebalancing do not ensure a profit or protect against loss.
Workplace Benefits is the institutional retirement and benefits 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
. Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including
Bank of America, N.A., Member FDIC.
Mutual fund investment offerings for the Bank of America HSA are made available by MLPF&S, a registered broker-dealer, Member
SIPC
and a wholly owned subsidiary of BofA Corp. Investments in mutual funds are held in an omnibus account at MLPF&S in the name
of Bank of America, N.A. (“BANA”), for the benefit of all HSA account owners. Recommendations as to HSA investment menu options are provided to BANA by the Chief Investment Office (“CIO”), Global Wealth & Investment Management (“GWIM”), a division of BofA Corp.
The CIO, which provides investment strategies, due diligence, portfolio construction guidance and wealth management solutions for GWIM clients, is part of the Investment Solutions Group of GWIM.
Investment products:
Are Not FDIC Insured
Are Not Bank Guaranteed
May Lose Value
© 2025 Bank of America Corporation. All rights reserved. | PRES-05-25-0294 | 7986736 | ADA | 05/2025
