Presentation is loading. Please wait.

Presentation is loading. Please wait.

401(k) Transition Timeline. 1 For Plan Sponsor Use Only. Important dates during the conversion January 03, 2014: Black-Out Period Begins This is the transition.

Similar presentations


Presentation on theme: "401(k) Transition Timeline. 1 For Plan Sponsor Use Only. Important dates during the conversion January 03, 2014: Black-Out Period Begins This is the transition."— Presentation transcript:

1 401(k) Transition Timeline

2 1 For Plan Sponsor Use Only. Important dates during the conversion January 03, 2014: Black-Out Period Begins This is the transition period when you will not have website access to the plan. You will not be able to request a distribution or loan at this time. January 09,2014: Black-Out Period Ends The actual period of time for the plan to be in blackout may be less than anticipated. All participants will be notified when the transition has been completed.

3 2 For Plan Sponsor Use Only. Investment mapping and transfer process Investment mapping is the process of directing your current investment elections to similar investments options available on the ADP Platform. Your account will remain invested during the blackout period. The transfer from your current investment elections to the new investment elections will occur over a 24 hour period. There will be no changes to eligibility, vesting, or employer contributions.

4 3 For Plan Sponsor Use Only. Account Access: ONLINE: Retirement Web Access: * The website will allow you access your account and make changes right from your computer. BY PHONE: Retirement Plan Information Line: The automated voice response system can be accessed toll free. For assistance, dial 0 after you have entered your social security number and PIN. *** New participants will need to complete the application. They will be mailed log-in information. *** Website & Log-In Information

5 4 For Plan Sponsor Use Only. On-going financial / retirement planning services Introduction of Merrill Lynch and our ongoing financial and retirement planning services Access to professional investment, retirement, and wealth management advice. We have the ability to customize your financial plans. Retirement Income Planning Portfolio Management Asset Allocation Charitable Giving Education Planning Cash Management Financial Education Liability Management Estate legacy planning

6 5 For Plan Sponsor Use Only. Platform Features Investment Research Online portfolio changes Participant call center for investment changes Loan modeling and monitoring Updated portfolio balances Online retirement planning tools Online contribution changes

7 6 For Plan Sponsor Use Only. Questions / Answers Introduction of Merrill Lynch and our ongoing financial and retirement planning services Financial Advisors: Guy Allen Dominic Casanueva Stephen Long

8 7 For Plan Sponsor Use Only. Disclosures Bank of America Merrill Lynch is a marketing name for the Retirement Services (RS) businesses of Bank of America Corporation. Banking and fiduciary activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Brokerage activities are performed globally by brokerage affiliates of Bank of America Corporation, including Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPFS). MLPFS is a registered broker-dealer, Member SIPC and wholly owned subsidiary of Bank of America Corporation. Investment products: Certain associates are registered representatives with Merrill Lynch, Pierce, Fenner & Smith Incorporated and may assist you with investment products and services. Unless otherwise noted, all trademarks and registered trademarks are the property of Bank of America Corporation. © 2012 Bank of America Corporation. All rights reserved. Are Not FDIC InsuredAre Not Bank GuaranteedMay Lose Value Plan Sponsor Use Only. Distribution to other parties is prohibited.


Download ppt "401(k) Transition Timeline. 1 For Plan Sponsor Use Only. Important dates during the conversion January 03, 2014: Black-Out Period Begins This is the transition."

Similar presentations


Ads by Google