Solutions and services

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.

Workplace Benefits

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.


Watch our video to see how Workplace Benefits can help you and your employees

Defined contribution (401(k)) and nonqualified deferred compensation plans

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.


  • Defined contribution
  • Defined benefit
  • Institutional trust and custody
  • Nonqualified deferred compensation


Defined benefit plans

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.


Health benefit solutions

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.


Stock plan services

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

Employee banking and investing

The Employee Banking1 and Investing2 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.


Executive services

Specialized advisors can help the executives within your company navigate their complex wealth planning needs. We offer tailored wealth management solutions, from more sophisticated banking1 and investing2 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.


Financial wellness for employees

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.


Plan sponsor support

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.


Connect with a team member today.

Learn how our offerings and capabilities can provide your business with a comprehensive solution.

1Banking products are provided by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.

2Investment products are offered through Merrill Lynch, Pierce, Fenner & Smith Incorporated.