Employee Benefits

Advisors, not just bankers

For over 150 years, we’ve been providing businesses with more than just accounts and rates. See how Comerica works with our clients to deliver a higher level of employee services.

Retirement plan services

Providing a retirement plan that is right for your employees and your organization requires skillful evaluation and implementation. The benefits specialists at Comerica Securities, Inc. can help you navigate the complexities and tailor innovative solutions that will add value to your organization.

Services include:

A co-fiduciary on the plan
Benchmarking of service providers
Investment reviews
Investment reporting
Conducting service provider searches
Designing a participant communication program
Implementation of and maintaining an investment policy statement

Plan sponsor services

Defined contribution plans and 401(k) profit sharing
Defined benefit plans
Deferred compensation plans
403(b) and 457 plans
Taft-Hartley plans
Employee stock ownership plans

Retirement plan consulting

Get the peace of mind that comes from working with retirement planning consultants who understand and can help manage the day-to-day complexities of a tax-qualified retirement plan without having to convert to a new platform. Comerica Securities, Inc. has an alliance with industry-leading service providers, qualifying us to become the broker of record for your existing retirement plan.

Our seamless integration of retirement plan duties can help you:

Manage expenses

Limit your fiduciary liability

Improve record-keeping accuracy

Reduce your compliance concerns

Payment and loyalty card solutions

As one of the largest prepaid commercial card issuers, Comerica offers innovative card solutions for organizations of all sizes. Our Card Management System (CMS) is a program management tool that provides you the ability to order and maintain your cards in real time, 24/7. CMS is ideal for applying immediate funding to prepaid cards, replacing lost or stolen cards, ordering new cards and generating various reports.

Comerica Workplace Card™

Our Comerica Workplace Card solutions include:

Compensation – an efficient and economical way to pay employees and contractors for compensation or reimbursement, including payroll and/or bonus payments, and payroll exception payments.

Corporate use – an alternative over checks and cash for companies and their employees to make and manage business-related payments.

Loyalty and award – ideal for corporate awards, customer loyalty awards or promotional programs.

Regardless of the type of program you choose, the Comerica Workplace Card offers:

Dedicated support from a Comerica Program Advisor
Real-time access to our Card Management System
Toll-free access for cardholders to customer service 24/7
Customized card design
Acceptance at any of the millions of merchant locations worldwide wherever Mastercard®¹ debit cards are accepted

Reward cards

The Comerica Rewards Card is the ultimate award that is appreciated all year long and can be customized with a special message of gratitude. Choose the program that best fits your needs.

Plus Rewards Card

Available in denomination amounts between $25.00-$1,500.00
International use permitted
Purchase fees for business are $3.50 per card

Standard Rewards Card

Available in denomination amounts between $25.00-$1,000.00
Domestic use only
Purchase fees for business are $3.50 per card

**Comerica ranks first nationally among the top 25 U.S. financial holding companies, based on commercial and industrial loans outstanding as a percentage of assets where assets exceed $50 billion, as of September 30, 2021. Data provided by S&P Global Market Intelligence.

¹ Loans subject to credit approval and maximum loan amounts may apply.

Securities and other non-deposit investment products offered through Comerica Securities, Inc. are not insured by the FDIC; are not deposits or other obligations of, or guaranteed by, Comerica Bank or any of its affiliates; and are subject to investment risks, including possible loss of the principal invested. Past performance is not indicative of future results. Information presented is for general information only and is subject to change. Comerica Securities, Inc. is a broker/ dealer, member FINRA/SIPC and subsidiary of Comerica Bank. Comerica Securities, Inc. is a federally Registered Investment Advisor. Registrations do not imply a certain level of skill or training.

Comerica Bank and its affiliates do not provide tax or legal advice. Please consult with your tax and legal advisors regarding your specific situation.

² The Comerica Workplace Card is issued by Comerica Bank pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Visa is a registered trademark of Visa International. Funds are insured up to the maximum extent allowed by law once the Card is registered.

Cardholders should go to www.elanrewardscard.com to register their Card with their name and address before making any purchases over the web, phone or through the mail. This Rewards Card is issued in the form of a Visa prepaid card. This Rewards Card is issued by Elan Financial Services pursuant to a license from Visa U.S.A. Inc. This Rewards Card cannot be reloaded with additional funds, nor can it be used at an ATM. No cash access. Terms and conditions and fees apply. For complete terms and conditions and fees, see the “Elan Financial Services Rewards Card Cardholder Agreement” available inside the card package or at www.elanrewardscard.com.(Opens a new window)

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Employee Benefit Services