Find my Bank of America 401(k) plan

Bank of America offers THE BANK OF AMERICA 401(K) PLAN through Merrill Lynch. Their plan covers 249,734 employees.

Updated on Sept 27, 2024

Bank of America 401(k) plan information

Bank of America’s 401(k) provider
Plan name
THE BANK OF AMERICA 401(K) PLAN
Phone number
Fax number
Hours of operation
Monday - Friday: 9am - 9pm EST, No weekend hours
Address
P.O. Box 29002, Hot Springs, AR, 71903-9002
To log in and access your Bank of America 401(k) plan online, visit the Merrill Lynch website website and enter your username and password, or use the forgot login feature to reset your credentials. If you don't have login credentials, try registering as a new user.
If you have a 401(k) plan through Bank of America at Merrill Lynch and no longer work there, you have a few options. You can leave it with Merrill Lynch, roll it over into an individual retirement account (IRA), roll it over into a new 401(k), or withdraw the funds (may incur tax penalties).

How to roll over your Bank of America 401(k)

Rolling over your Bank of America 401(k) into an IRA is a great way to keep track of your retirement savings and make sure you’re in control, not your former employer. There are three steps to rolling over a Bank of America 401(k):

  1. Confirm a few key details about your Merrill Lynch 401(k) plan
  2. Decide which IRA you want to move your Merrill Lynch 401(k) to
  3. Initiate your rollover with Merrill Lynch
  4. Get a check in the mail and deposit it into your new IRA account
  5. Make sure your funds are being invested properly

If you’re uncomfortable handling the rollover process on your own, Capitalize offers a seamless, online 401(k) rollover service to help you from start to finish.

Easily roll over your Bank of America 401(k) plan

Our experts can help you easily find and move your 401(k)s into an IRA of your choice. Take control of your retirement.

How to withdraw your Bank of America 401(k)

Withdrawing, or cashing out, your Bank of America 401(k) may provide liquidity, though it can come with significant tax implications and penalties, potentially hampering your retirement savings growth. If you have explored other options, like a 401(k) rollover or loan, and decided to withdraw, the process only involves a few steps: Determine how much of your Bank of America 401(k) you’d like to cash out.

  1. Call or contact your Bank of America 401(k) plan administrator.
  2. Request that your account be liquidated in the amount of your choosing.
  3. Have the administrator send the requested cash-out amount to via paper check or ACH transfer.
  4. Wait a few days to receive the money.

Remember, cashing out should typically be reserved for emergency circumstances. Capitalize can help you roll over your Bank of America 401(k) instead, saving you from tax implications and penalties.

Bank of America 401(k) plan details

Bank of America offers THE BANK OF AMERICA 401(K) PLAN through Merrill Lynch. Their plan covers 249,734 employees.

Bank of America
Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries.
Industry
Banking
Headquarters
3400 PAWTUCKET AVE., RIVERSIDE, RI, 02915-5298
Phone number
800-556-6044
Contact
SUSAN E. KELLY
EIN
56-0906609

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