Workplace Benefits Solutions & Services from Bank of America

Why us
- Why us
  We can help you provide a comprehensive benefits program designed to help meet the near- and long-term needs of your employees.
- Our approach
  Learn how our commitment to making financial lives better and a holistic approach to workplace challenges can help you pursue your strategic vision.
- Experience & insights
  Our vast experience, proprietary research and strategic partnerships help companies evolve with the needs of today's workforce.
- Holistic focus
  We offer a broader understanding of the interconnectivity of finances in people’s lives and guidance that goes beyond traditional solutions.
- Leadership
  Benefit from over 200 years of leadership putting clients first guided by a common purpose to help make financial lives better through the power of every connection.
- Industry events
  Connect with us and other industry professionals and gain the latest insights from thought leaders and experts.
Our research and reports

You benefit from our deep insights gained from millions of interactions and research across the organization.
Who we serve
- Who we serve
  We leverage the breadth of Bank of America’s resources to serve organizations of all size and scope.
- Corporations and institutions
  Discover how we can customize a wide array of benefit strategies, potential solutions and experiences to help meet the goals of companies big and small.
- Small businesses
  We help entrepreneurs and small business owners make a big impact with a benefits plan that can be a valuable asset in helping attract and retain talent.
- Consultants
  We value the consultants' role in retirement and benefit plans and are committed to being your go-to resource.
Solutions & services
- Solutions & services
- Workplace Benefits
  Learn about our integrated benefits designed to help employees manage their day-to-day finances and prepare for the future.
- Defined contribution (401(k)) and nonqualified deferred compensation plans
- Defined benefit plans
- Health benefit solutions
- Stock plan services
- Employee banking and investing
- Executive services
- Financial wellness for employees
  We deliver personalized financial wellness with educational content to help employees gain financial confidence.
- Plan sponsor support
  Our team offers dedicated support from big picture strategy to the finer details, to help you meet your company’s goals.
Contact us

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.

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

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 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.

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.

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.

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.