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TIPS AND TOOLS

Your guide to the newest financial wellness resources

Employees have access to a range of financial wellness resources and can choose what works best for them. Here are some highlights of recently launched and enhanced resources and tools, as well as a peek at more to come.

Education Center

With an understanding that employees’ perspectives, values and goals are influenced by seven key life priorities, delivering educational tools and resources tailored around these themes helps make information more relevant. Our online resource center was recently redesigned around these life priorities so that your employees can easily navigate to the guidance they need, when and how they need it. Available to all of your employees, the Education Center offers a mix of content, videos, calculators, webinars and other materials. You can use this participant-ready email to promote these resources to your workforce.

Benefits OnLine® (BOL) Mobile App

Planned to launch in U.S. app stores next month, this enhanced mobile experience is a must-have for employees on the go. Features include secure and convenient touch and face ID, customized dashboards, market watch lists and more, including the ability to enroll via the app.1 The app can help drive positive behaviors by allowing employees to take action immediately upon receiving a communication or attending an enrollment meeting. Additional transactional capabilities are planned for next year. Watch this brief video for a preview of the new app.

Advice Access

An online tool currently available to help employees set their retirement income goal and identify a personalized strategy to pursue it, Advice Access is powerful and effective. And we’re making it even better with dynamic investment portfolios and a redesigned look to enhance the employee experience while making it easier and more intuitive to use. Watch for the new look to debut early next year.

Personal Consultation Checklist

To be completed during a one-on-one consultation with a Financial Wellness Specialist, this worksheet allows employees to leave the meeting with their financial priorities spelled out and an action plan in hand.

Benefits OnLine®

The redesigned home page provides a simplified and streamlined online experience for participants. Convenient dashboards put key information front and center, including relevant educational resources, while a new at-a-glance graphical account summary provides a holistic view of participants’ accounts and helps them visualize their progress toward their retirement goals.

Topic Bundles

Looking for materials on key issues impacting your employees? You can find information and resources organized by topic—i.e., student loan debt, caregiving, women and investing, and health savings—that can be downloaded from the Employee Financial Education Resources online portal, Topic Bundles tab.

Based on feedback from our clients, we continue to expand content, educational tools and resources and make them available through multiple channels, including:

Additional capabilities to access Spanish language materials online.
A Family Life Organizer tool for participants to document and organize their holistic financial information.
A new event registration tool.2
A video that highlights the financial wellness program to employees.

We remain committed to delivering purposeful innovations that have meaningful impacts on the financial lives of your employees. Watch for more enhancements planned in the months ahead, designed to further tailor and personalize the participant experience in an actionable and measurable way.

Talk with your Bank of America Merrill Lynch representative today about strategies to fully leverage these resources and optimize your financial wellness program.

1 Plan must have Express Enrollment on mobile enabled with QDIA.

2 Not available to all plans.

The Advice Access service uses a probabilistic approach to determine the likelihood that participants in the service may be able to achieve their stated goal and/or to identify a potential wealth outcome that could be realized. Additionally, the recommendations provided by Advice Access 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 Advice Access. Participants should carefully review the explanation of the methodology used, including key assumptions and limitations, which is provided in the Advice Access disclosure statement. It can be obtained through Benefits OnLine® or through your representative.

IMPORTANT: The projections or other information shown in the Advice Access service 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.

Advice Access is an investment advisory program sponsored by Merrill Lynch. Merrill Lynch 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. All recommendations must be based on the suitability requirements of the client. Please refer to the Advice Access Brochure for information on the program, including a description of the services and related fees. Advice Access will only be offered to defined contribution plans recordkept by Bank of America Merrill Lynch. For more information on plan eligibility, speak to your Merrill Lynch advisor.