Investment Only Solution - Retirement Cash Management AccountSM (RCMA® Account)

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The investment-only product through Merrill Lynch’s Retirement Cash Management AccountSM (RCMA® Account) provides an unbundled, investment only solution. The investment-only product works with a variety of qualified retirement plans - including profit sharing, money purchase, 401(k) and defined benefit plans - to buy, sell and hold a wide selection of investments. Plus with the investment only product, you may choose to retain your existing relationships for recordkeeping, administrative, tax reporting and trustee arrangements. 

Additional features of the ML RCMA®  account:

  • Choose from a broad array of investment options including stocks, bonds, and mutual funds
  • Improve cash management with a daily sweep of uninvested cash, check-writing privileges and fund transfer capabilities
  • Get up-to-date account information – including a fiscal summary statement and access to Merrill Lynch OnLine®
  • Access to professionally managed money services to assist you with day-to-day investment directions

Investment Only Solution Account Features

Description

The Investment Only Solution account helps businesses of all sizes by providing investment and cash management services for a variety of qualified retirement plans, including 401(k), defined benefit, profit sharing and money purchase plans. The account works in conjunction with your plan’s recordkeeper and trustee.

Professional investment management

A variety of managed money services are available, ranging from non-discretionary programs to customized investment consulting.

Choice of account types

  • RCMA Premium Account: offers the most flexibility and features
  • RCMA Master FinancialSM Service: links one RCMA Master account with RCMA SubAccountsSM
  • RCMA II Account: is a lower-cost alternative to the Premium Account

Choice of account structures

You can select participant-directed or trustee-directed accounts. In a trustee-directed structure, a “pooled” account is established, and the trustee provides investment direction. In a participant-directed structure, separate accounts are established for each plan participant, who directs how their account assets are invested.

Frequently Asked Questions About the Investment Only Solution - RCMA Account

What is managed money service and how does it work?

With a managed money service, you delegate responsibility for day-to-day investment and trading decisions to experienced professionals. By opting for a managed money service, you may be able to simplify some of your oversight responsibilities for the plan – leaving you more time to manage your business. Your Financial Advisor can help you determine which service is best for your plan’s objectives and asset level.

What are my plan responsibilities with an RCMA account?

Your plan responsibilities include:
  • Securing a recordkeeper or third-party administrator for your plan administration
  • Obtaining a Plan Document. You can adopt our RCMA Prototype plan document for profit sharing or money purchase plans, or use a different plan document of your choice
  • Designating a trustee. The plan can be self-trusteed, or you can appoint Merrill Lynch Trust Company, FSB

How does plan administration work with the RCMA account?

The RCMA account is an “investment-only” account in which you (or your designee) make all investment decisions for “pooled” accounts, and participants make investment decisions for participant-directed accounts. Regardless of the account structure you select, your recordkeeper or administrative provider performs all recordkeeping, administrative, tax reporting and trustee functions on behalf of the plan.

Related Products & Services

For your business financial needs:

For your personal financial needs:

 

For more information call 1.866.4ML-BUSINESS (465-2874) or e-mail us at AskMLBiz@ml.com.

Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer, not a bank, and the WCMA account is not a bank account. Banking services are provided by licensed banks or by third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured, not guaranteed by a bank and may lose value.

Working Capital Management Account, WCMA and RCMA are registered service marks of Merrill Lynch & Co., Inc.

Retirement Cash Management Account is a service mark of Merrill Lynch & Co., Inc.

Neither Merrill Lynch nor its representatives provide legal or tax advice. You should consult with your own legal/tax advisor regarding your particular situation.

* Additional fees for these services may apply.