At Bank of America, our mission is to help make financial lives better for the organizations we serve and the people who work for them. Through dedicated plan sponsor support, we focus on pursuing successful plan outcomes that meet your company’s goals. And, our comprehensive benefits program is designed to provide your employees with a high-tech, high-touch experience.
Bank of America Workplace Benefits: A new name for a long-standing commitment.
With Workplace Benefits, your employees have access to the benefits and solutions they need — no matter where they are in work or in life, and no matter the challenge or opportunity they may face. Through retirement and benefit plans, health benefit accounts, employee banking solutions and more, seamlessly integrated across our full set of financial capabilities, employees have a more holistic view of their financial lives, so they’re not just getting any benefit — they’re getting the benefit that’s most relevant to what they need today and aligned to their goals for tomorrow.
Our integrated benefits combined with real-time guidance from Bank of America can help employees navigate life’s milestones and curveballs and meet their futures with confidence. With Workplace Benefits at the center of your corporate wellness program, you can show employees they’re valued and cared for at your company – an attractive quality that can help promote employee satisfaction and loyalty and resonate with new talent. And we’re right beside you on that mission, committed to helping you navigate the ever-changing benefits landscape and support your evolving role.
Workplace Benefits is driven by the full power of Bank of America. One vision. One commitment.
Talk with us today about how we can help elevate your benefits programs.
Employer-sponsored retirement plans, like 401(k)s, have taken on a primary role in how employees are investing for their future. Creating a plan that works for them can be a big responsibility, and we’ll guide you every step of the way. And with our guidance on nonqualified deferred compensation plans, you’ll have the tools you need to help you attract and retain highly compensated employees.
Explore the range of defined contribution (401(k)) and nonqualified compensation plans and solutions that we have to offer and let us put our experience to work for you and your employees.
As an employer, you may face complex challenges and opportunities with your defined benefit (DB) plan. We understand what’s important to you and can help you meet today’s challenges with our experience in the DB space, managing a breadth of plans across various industries.
Explore the defined benefit plans and solutions that we have to offer and let us put our experience to work for you and your employees.
With health benefit solutions from Bank of America, employers have a single provider of account-based benefits, allowing clients more time to manage and grow their business, while spending less time on administration. We can help enable your employees to take charge of their healthcare costs. With our holistic view of benefit plans and an artificial intelligence platform that delivers insights and education, we make it easy for employees to stay engaged.
Offering a stock plan can help to attract and retain employees and we can help them understand and appreciate the value of their awards.
We have the experience, technology and personal service to:
Provide personalized education and guidance
Help to simplify and streamline complex recordkeeping
Help manage compliance and mitigate risk
The Employee Banking 1 and Investing 2 Program is designed especially for our most important corporate clients and their employees, with banking solutions from Bank of America and investing solutions from Merrill. When you participate in the Employee Banking and Investing program, your employees get a special bundle of no-fee banking services by setting up a company payroll direct deposit into an existing or new eligible personal Bank of America® checking or savings account.
Specialized advisors can help the executives within your company navigate their complex wealth planning needs. We offer tailored wealth management solutions, from more sophisticated banking 1 and investing 2 solutions to trust and estate planning services, with a flexible, customized approach. For publicly-traded companies, we can help your executives manage the complexity associated with equity compensation.
We help employees at all levels maximize their benefits, and pursue their financial goals with the education, resources and guidance that fits their needs. Backed by insights into what matters to employees, our high-tech and high-touch solutions make financial wellness personal and actionable, at every life stage and as needs change and evolve.
We work with you every step of the way to help you meet your company’ goals. From big picture strategy to the finer details, we provide dedicated service and comprehensive support.
Insights to help employers support their employees’ financial wellness
Learn how our offerings and capabilities can provide your business with a comprehensive solution.
1 Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
2 Investment products are offered through Merrill Lynch, Pierce, Fenner & Smith Incorporated.
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Please remember there's always the potential of losing money when you invest in securities. Diversification and asset allocation do not ensure a profit or protect against loss.
Bank of America, Merrill, their affiliates, and advisors do not provide legal, tax or accounting advice. Clients should consult their legal and/or tax advisors before making any financial decisions.
Workplace Benefits is the institutional retirement and benefits business of Bank of America Corporation ("BofA Corp.") operating under the name "Bank of America." Investment advisory and brokerage services are provided by wholly owned non-bank affiliates of BofA Corp., including Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill"), a dually registered broker-dealer and investment adviser and Member SIPC. Banking activities may be performed by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A., Member FDIC.
Merrill provides products and services to various employers, their employees and other individuals. In connection with providing these products and services, and at the request of the employer, Merrill makes available websites on the internet, mobile device applications, and written materials, including brochures, in order to provide you with information regarding your plan. Under no circumstances should these websites, applications, and material, or any information included in these websites, applications, and materials, be considered an offer to sell or a solicitation to buy any securities, products, or services from Merrill or any other person or entity. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary.
Investing in stable value products is typically more involved than investing in other diversified fund offerings. Plan sponsors will need to sign participation agreements and other documents with the stable value product’s sponsor; will also be required to meet certain eligibility criteria; and such investments are typically subject to plan-level withdrawal restrictions that may limit plan liquidity.
Trust and bank fiduciary services are provided by Bank of America, N.A., member FDIC. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. ("MLLA"), a licensed insurance agency.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as "MLPF&S" or "Merrill") makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation ("BofA Corp."). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly-owned subsidiary of BofA Corp.
This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other service. Additional information is available in our Client Relationship Summary.
Investment products, insurance and annuity products:
| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
| Are Not Deposits | Are Not Insured by Any Federal Government or Agency | Are Not a Condition to Any Banking Service or Activity |
