Holistic focus

At Bank of America, we employ innovative thinking, advanced technology and behavioral insights to help address the financial needs of those we serve. We bring together all of our strengths and resources in our commitment to offer you a deeper set of solutions that can help your employees get closer to their goals today, and into the future.

 

Financial Life Benefits®

We provide a comprehensive solution that can help differentiate your benefits offerings and empower your employees' financial journeys. Financial Life Benefits combines traditional workplace benefits, including 401(k)1, health savings2, equity compensation1 and nonqualified deferred compensation with a corporate employee banking2 offering.

 

Financial Life Benefits provides employees with access to a seamlessly integrated solution that supports their broad financial needs—from day-to-day banking2 to retirement savings1. Access to comprehensive tools, resources, insights, education and guidance allows for a personalized experience for their own life stage, goals and priorities.

 

 

 

 

Seamlessly integrated benefit solutions

Financial Life Benefits empowers your employees to pursue their life plan by providing services and tools that allow them to learn, plan, act. Digital solutions provide your employees a full financial picture across benefits, banking2 and investing1 with personalized guidance. 

 

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

 

  • Make informed financial decisions
  • Better prepare for important life events
  • Create a financial strategy
  • Take action and stay engaged
  • Feel more confident about their financial strategy

 

Multi-faceted benefits tailored to your needs

Our programs are designed around the people and companies we serve. No matter the size of your company or how priorities may change, we can help you meet your goals. 

 

Financial Life Benefits offers a range of services and products to help clients at all levels for all types of needs. We listen to the priorities of you and your employees in order to implement a plan that’s right for your organization and tailored to your needs.

 

Our solutions are designed to fit your evolving needs, from stand-alone plans to a full set of integrated services created to:

 
  • Help employees understand the value of the benefits you provide
  • Increase employee engagement and drive positive actions to help improve overall plan health and financial wellness
  • Attract and retain employees with a distinctive benefits program
  • Streamline administration through a simplified interface saving time and resources

 

Explore more

Women listening with hands folded

Millennials saving more but still feel behind

Our 2020 Better Money Habits® Millennial Report explores the money mindset of today's young adults (ages 24 – 41), and reveals the stresses they face, such as over-competing financial priorities and feelings of not doing enough. This insight explores the key takeaways and highlights from the report.

Connect with a team member today

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

1Investment products are available from Merrill Lynch, Pierce, Fenner & Smith Incorporated.

2Bank products are available from Bank of America, N.A., and affiliated banks.