MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN
Plan Contact
- Address: 401 N. TRYON STREET, NC1-021-08-03,CHARLOTTE,NC
- Contact person: CHERYL LYNN H. COOPER
- Phone: (800) 556-6044
Plan General Information
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN Total Retirement Plan Assets
At the end of 2018, the total retirement plan assets of MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN is $10,777,266,135.00.This plan was established in 1987.
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN Total Number of Retirement Plan Participants
At the end of 2018, the total number of retirement plan participants in MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN is 35022
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN Average Participant Retirement Account Value
In 2018, the average participant retirement account value for MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN is $307,728.00
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN Estimated Average Employee Contribution Amount
In 2018, the estimated average employee contribution amount per participant for MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN is $16,259.00.
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN Estimated Average Employer Match
In 2018, the estimated average employer match for an employee in MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN is approximately $3,796.00
Investing in this additonal $3,796.00 for 20 years would give you extra $242,967.00, assuming a 10% annual return.
Investing in this additonal $3,796.00 for 20 years would give you extra $242,967.00, assuming a 10% annual return.
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN Total Employer Contribution and Match Rate
In 2018, MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN allocates $132,956,157.00 to match its employees' contributions, providing an employer match rate of 46.70% of their contributions
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN Total Retirement Plan Asset Growth Rate
In 2018, the total retirement plan asset growth rate of MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN is -8.94%.
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2018, the estimated aggregate retirement account investment gain/loss for MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN is -6.22%. This measures the effectiveness of the plan participants' investments in the year.
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN Expense Ratio
In 2018, the investment and administrative expense ratio of MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN is 0.01%.
Enrollment Features
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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