Kelly Retirement Savings Plan (“KRSP”)
Teachers On Call introduced the Kelly Retirement Savings Plan (“KRSP”) at Bank of America effective on June 3, 2019. The KRSP is a pre-tax 401k retirement savings plan option for all active employees. The money you contribute to your account always belongs to you (adjusted for any earnings or losses). So why not take advantage of what the Plan offers? The sooner you begin participating, the sooner you can start preparing for your financial future.
Am I eligible to participate?
All active employees are eligible. Deferral contributions begin the following Paycheck after the week you enroll.
How do I enroll?
At the time of hire you will receive all necessary information to get started. You have the option of enrolling online or by calling the Merrill Lynch contact center at 800-228-4015
Employee Contribution amount
You can contribute between 2% and 50% of your eligible pay on a pre-tax basis, subject to IRS limits. IRS limits are available on Benefits OnLine.
Need help with investing?
Merrill Lynch can help you understand your options so you can make the choices that are right for you: go.ml.com/dl4z
Is there an employer match?
There is no employer match currently
How do I access my account?
Go to www.benefits.ml.com or call the Retirement & Benefits Contact Center at 800-228-4015
I am currently contributing but would like to change my contribution rate
You can change your contribution rate by going to www.benefits.ml.com, login to your account and follow this path: 401(k) Plan* > Current Elections > Contribution Rates *Your plan name may be different.
Retirement & Benefits Contact Center - 1-800-228-4015
The call center can answer questions in the following areas:
- Website questions/issues
- General overview/plan information of 401K plan
- Investment questions
- Paperwork distribution