Benefits

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At Bank of America Merrill Lynch, our most important asset is our people. We offer a comprehensive benefit package to our employees based on local practices in each country. Our compensation and benefits package has been designed to stay competitive with the market and to attract, retain, motivate and reward employees at every stage of their life and help them plan for tomorrow.

Examples of benefits we offer include:

  • Flexible Benefit Plan (in selected locations)
  • Employee insurance schemes (health, life, disability and accidental)
  • Dental benefits
  • Retirement benefits
  • Comprehensive set-of-leave benefits (including paternity leave, marriage leave, adoption leave, etc.)
  • Employee loan or interest subsidy programs
  • Periodic health screenings

In addition to strong base compensation and benefits, employees of Bank of America Merrill Lynch are eligible to participate in our incentive programs, which form important parts of our overall compensation package.

Health & Insurance Benefits

We offer a comprehensive benefits package that includes medical, dental and vision coverage for employees and their eligible family. Life and disability insurance options provide income replacement in the event of serious injury or death.

Medical

Bank of America offers medical plans that are easy to understand, and delivers valuable features to help manage health care costs by focusing on wellness. All of our plans include the predictability of an annual deductible, security of an out-of-pocket maximum and coverage for eligible medical services, such as doctor's office visits, specialist care or a hospital stay, as well as a prescription drug plan.

Dental

We offer dental plans that provide coverage for preventive care, basic care, such as fillings and extractions, and major care, including crowns, dentures and bridges.

Dependent Care Flexible Spending Accounts

This account allows employees to contribute pretax dollars to pay for eligible out-of-pocket dependent care expenses.

Associate Basic Life Insurance

Employees are automatically provided with bank-paid basic life insurance.

Supplemental Life and Accidental Death and Dismemberment Insurance

Our employees may purchase Supplemental Life and Accidental Death and Dismemberment (AD&D) insurance for themselves, their spouse/domestic partner and their children, up to certain limits.

Performance-based compensation

In addition to base salary, incentive awards are designed to reward eligible employees for company, line of business and individual results. Eligibility of incentive awards vary by role and line of business

And

  • Retirement benefits
  • Comprehensive set-of-leave benefits (including paternity leave, marriage leave, adoption leave, etc.)
  • Employee loan or interest subsidy programs¬†
  • Periodic health screenings