Providers

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Bank of America Corporation

DC ASSETS
Total DC assets ($MM) $268,648
DC Assets <$5MM<1%
In plans with ≤10 participants<1%
In plans with >10-50 participants1%
In plans with >50–500 participants 5%
In plans with >500 participants 94%
PLANS
Total DC plans1,114
DC plans <$5MM16%
In plans with ≤10 participants9%
In plans with >10-50 participants15%
In plans with >50-500 participants45%
In plans with >500 participants31%
% serviced by Third Party Administrator0
FEE STRUCTURES
Upfront commission (front-end load)
Finder's fee
Ongoing trail/commission
RIA fees/Hard-dollar fees
ERISA account/budget
SUPPORT SERVICES FOR ADVISERS
DC plan benchmarking
Access to ERISA counsel
Offers CE-eligible DC-specific training
Supports Advisor Managed Accounts
RELATIONSHIP MANAGEMENT (RM) TEAMS
Average case/client load (# plans/person)Varies
Average tenure with recordkeeperVaries
Average years of experience in retirementVaries§
Dedicated RMs for NQDC plans only?
Dedicated RMs for 403(b) plans only?
Dedicated RMs for 457 plans only?
Advisers given choice of RMs to support clients
NR = Not Reported. NA = Not Applicable.
Each Client Relationship Manager and Communications Consultant have an average of 5 – 8 clients. Client Service Managers have on average 10 – 12 clients.
Client Relationship Manager: 17 years. Client Service Manager: 14 years: Communications Consultant: 11 years
§Client Relationship Manager: 25 years. Client Service Manager: 18 years: Communications Consultant: 10 years

ARCHIVE

Small Plan Services Survey