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FORM 5500 DATA

Merrill Lynch & Co., Inc. 401K Savings & Investment Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan10/01/1987
  • Net Assets as of 12/31/2018 $0
  • Plan Number11
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Report Description This is an amended report. This is the final report filed for the plan.
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2018

  • Active (Eligible) Participants0
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits0
  • Subtotal0
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total0
  • Total number of participants as of 01/01/201835,022
  • Number of participants with account balances0
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested12

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address401 N. Tryon Street, Nc1-021-08-03
  • CityCharlotte
  • StateNC
  • Zip28255
  • Telephone(800) 556-6044
  • EIN56-0906609
  • Industry Code551111
  • Named AdministratorCheryl Lynn H. Cooper
  • Named Plan SponsorCheryl Lynn H. Cooper

Plan Administrator Information

  • Administrator NameBank of America Corporation Corporate Benefits Committee
  • Address401 N. Tryon Street, Nc1-021-08-03
  • CityCharlotte
  • StateNC
  • Zip28255
  • Telephone(800) 457-5700
  • Administrator EIN56-0906609

Audit Information

  • Audit StatusAudited
  • AuditorMorris Davis Chan & Tan LLP
  • Auditor EIN94-2214860
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
2O ESOP other than a leveraged ESOP An Employee Stock Ownership Plan (ESOP) is a type of employee benefit plan designed to invest primarily in employer stock.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
2T Participant-directed Account Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
3H Controlled Group Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
3J Puerto Rico Plan U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 8565 of the Puerto Rico Code.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $450,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? Yes
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $-294,269,231
Contributions $429,930,260
Cash Contributions $429,930,260
Cash from Employers $132,956,157
Cash from Participants $284,726,356
Others (including rollovers) $12,247,747
Noncash Contributions $0
Total Earnings on Investments $-728,426,858
Total Interest $6,020,176
Interest-Bearing Cash $752,468
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,267,708
Interest from Other Investments $0
Total Dividends $272,268,367
Preferred Stock $0
Common Stock $36,526,139
Rents $0
Net gain (loss) on sale of assets $781,108
Aggregate Proceeds $83,378,993
Aggregate Carrying Amount $82,597,885
Total Unrealized Appreciation (depreciation) of assets $-327,835,377
Real Estate $0
Other $-327,835,377
Net investment gain (loss) from common/collective trusts $-343,101,198
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $33,312,790
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $-369,872,724
Other Income $4,227,367
Expenses $762,740,297
Total Benefit Payments $761,534,768
Directly to participants or beneficiaries, including direct rollovers $761,534,768
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $1,205,529
Professional Fees $105,810
Contract Administrator Fees $776,781
Investment Advisory and management fees $0
Other Administrative Fees $322,938
Net Income $-1,057,009,528
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $10,777,266,135

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $10,777,266,135 $11,835,853,670 -8.94%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $4,567,978 $124,471,337 -96.33%
Employer Contributions $1,094,272 $119,533,837 -99.08%
Participant Contributions $2,167,964 $3,281,089 -33.93%
Other Contributions $1,305,742 $1,656,411 -21.17%
General Investments $35,591,162 $48,024,579 -25.89%
Interest-bearing cash $35,591,162 $48,024,579 -25.89%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $111,292,653 $113,026,022 -1.53%
Value of interest in common/collective trusts $3,923,951,906 $4,304,540,014 -8.84%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $1,421,738,027 $1,379,099,216 3.09%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $3,612,513,184 $3,873,375,727 -6.73%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $0 $0 0.0%
Employer-related Investments $1,667,611,225 $1,993,316,775 -16.34%
Employer Securities $1,667,611,225 $1,993,316,775 -16.34%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $10,777,266,135 $1,578,007 682866.94%
Benefit Claims Payable (1) $0 $1,571,067 -100.00%
Operating Payables (1) $0 $6,940 -100.00%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $10,777,266,135 $0 0.0%
Net Assets $0 $11,834,275,663 -100.00%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • The Bank of New York Mellon
  • Blackrock Advisors, LLC
  • Blackrock Inst. Trust Company, N.A.
  • Brown Brothers Harriman & Co.
  • Charles Schwab & Co., Inc.
  • Dodge & Cox
  • Dst Asset Manager Solutions, Inc.
  • Fidelity Institutional Asset Mgmt
  • Fidelity Investments Inst. Ops Co.
  • Fidelity Management & Research Co.
  • Hand Benefits & Trust Company
  • Mfs Heritage Trust Company
  • Northern Trust Corporation
  • Pimco LLC
  • State Street Bank and Trust Company
  • State Street Global Advisor Tr Co
  • T. Rowe Price Associates
  • Vanguard Fiduciary Trust Company
  • The Vanguard Group, Inc.
  • Western Asset Management Company
  • Wilmington Trust, N.A.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Merrill Lynch Pierce Fenner & Smith Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Participant communication, Direct payment from the plan, Recordkeeping fees Internal Bank Dept. $776,781 $0 $776,781
Bank of America Retirement Services Plan Administrator, Trustee (bank, trust company, or similar financial institution), Trustee (directed), Direct payment from the plan Internal Bank Dept. $216,527 $0 $216,527
Bank of America Personnel Center Plan Administrator, Direct payment from the plan Internal Bank Dept. $106,285 $0 $106,285
Morris Davis Chan & Tan LLP Accounting (including auditing), Direct payment from the plan NONE $101,200 $0 $101,200
Total $1,200,793 $0 $1,200,793

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Stable Value Master Trust Bank of America Corporation DFE: Master Trust Investment Account $1,421,738,027
Vftc Instl 500 Index Tr Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $931,860,577
Equity Dividend Fund Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $550,199,407
Small / Mid Cap Core Fund II Fidelity Institutional Asset Management DFE: Common/Collective Trust $377,223,249
Us Fundamental Large Cap Growth Fd Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $358,363,925
Mfs International Growth Fund II Mfs Heritage Trust Company DFE: Common/Collective Trust $357,583,517
Vftc Instl Extended Market Index Tr Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $309,344,159
Qs U.S. Small Cap Equity Cif Hand Benefits & Trust DFE: Common/Collective Trust $272,693,420
Vftc Instl Tot Intl Stock Mkt Index Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $224,203,625
Templeton International Equity Cit Wilmington Trust, N.A. DFE: Common/Collective Trust $174,924,869
Vftc Instl Total Bond Mkt Index Tr Vanguard Fiduciary Trust Company DFE: Common/Collective Trust $101,643,415
Real Asset Nl Series Fund State Street Bank and Trust Company DFE: Common/Collective Trust $38,041,238
Lifepath Index 2025 Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $38,012,858
Lifepath Index 2035 Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $36,226,462
Lifepath Index 2030 Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $36,044,468
Lifepath Index 2040 Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $29,832,510
Lifepath Index 2020 Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $22,505,543
Lifepath Index 2045 Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $19,994,411
Lifepath Index 2050 Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $14,802,254
Lifepath Index 2055 Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $12,742,323
Lifepath Index Retirement Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $11,219,186
Lifepath Index 2060 Fund O Blackrock Institutional Trust Company, N.A. DFE: Common/Collective Trust $6,490,490
Total $5,345,689,933

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.