Recognized by J.D. Power for
financial wellness support

financial life benefits®

Helping make financial lives better

One of the most important aspects of your job is offering benefits that reflect the needs of your employees and organization. Here’s how we can help.

Innovation for life

We’re using technology to make financial wellness feel more approachable and attainable for employees through powerfully individualized experiences driven by artificial intelligence to help deliver guidance and education that is relevant, meaningful and actionable for each employee, no matter where they are on their financial journeys. Watch our video to learn more.

 

Benefits designed around the people and companies we serve

At Bank of America, we believe employers can positively impact their employees’ financial wellness by providing comprehensive financial education and solutions. We serve employers across the country by offering integrated retirement and benefit plan services that can help retain talent and 

provide the support their employees are looking for.

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Why us

The power and breadth of our resources allow us to provide a benefits program that meets the near-term and long-term needs of your employees.

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Our insights

Explore our latest insights to learn more about how to help improve your employees’ financial wellness.

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2021 Workplace Benefits Report

Bank of America annual research showcasing the true diversity of needs in the workplace, and highlighting the importance of workplace benefits programs to help support employee financial well-being today and into the future.

Solutions and services

We bring a breadth of experience and resources from across Bank of America to help you create programs that engage employees and make your job easier.

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Personal Retirement Strategy – here to help make retirement planning simple and approachable

More than ever before, employees expect employers to help in navigating the complexity of planning for retirement. This new online investment advisory program offering participant advice can help.

Contact a team member today

Let us help you differentiate your business and empower your employees to take control of their full financial lives.

1 Cogent Syndicated DC Participant Planscape™ study methodology: Cogent Syndicated, a division of Escalent, conducted an online survey of a representative cross section of 4,044 DC plan participants from May 18 to June 13, 2021. Survey participants were required to be 18 years or older and contribute at least 1% to a current plan and/or have $5,000 or more in at least one former plan. Targets were set to investor gender, region, age, education and household income using US census data filtered by the screening criteria (a market-sizing flyover survey was used in order to filter the US census data). The data have a margin of error of ±1.54% at the 95% confidence level. The ranking or ratings shown here may not be representative of all client experiences because they reflect an average or sampling of the client experiences. These rankings or ratings are not indicative of any future performance or investment outcome. Participation in this survey was not paid for by Bank of America.

 

Personal Retirement Strategy is an online investment advisory program sponsored by Merrill Lynch, Pierce, Fenner & Smith Inc. (“MLPF&S” or “Merrill”) that uses a probabilistic approach to determine the likelihood that participants in the program will accumulate sufficient total assets to achieve their annual retirement income goal. The recommendations provided by Personal Retirement Strategy may include a higher level of investment risk than a participant may be personally comfortable with. Participants are strongly advised to consider their personal goals, overall risk tolerance, and retirement horizon before accepting any recommendations made by Personal Retirement Strategy. Participants should carefully review the explanation of the methodology used, including key assumptions and limitations, as well as a description of services and related fees which is provided in the Personal Retirement Strategy Brochure (ADV Part 2A). It can be obtained through Benefits OnLine or through the Retirement Benefits Contact Center. Merrill offers a broad range of brokerage, investment advisory and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select.

 

IMPORTANT: The projections or other information shown in the Personal Retirement Strategy program regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each use and over time.