Financial benefits are people benefits, with finances connected to nearly every facet of life. Your employees can benefit from a comprehensive program designed to help empower your employees today and tomorrow.
Always evolving to better meet your needs
As a plan sponsor, you need a benefits strategy that can help produce true value for you and your employees. As you strive to deliver a competitive benefits program that can help maximize value, you want and need a partner that works just as hard for you.
At Bank of America, we leverage our resources to help you turn your strategic vision into positive outcomes for you and your employees. We work constantly to unearth insights and improve capabilities so you can implement smarter strategies into your business.
Our resources include:
- A holistic view across your employees’ finances, that helps meet their everyday financial needs and retirement goals
- Personal, relevant and actionable engagement strategies, informed by ongoing reporting and active measurement
- A plan design consultation from a dedicated team for maximum value
- A comprehensive wellness program providing the tools, resources, education and guidance to help your employees live their full financial lives
An experienced team can help you design the right plan
When you choose the right provider, it can ease your administrative responsibility and provide attentive, needs-based support for your employees. We are focused on delivering an integrated experience across plans with tools to help manage your day-to-day activities and provide easy access to data that enables you to track and improve overall plan health.
Our dedicated and passionate team has the experience to guide and advise as you set strategic goals, measure success and tailor a program that’s right for your organization, and most importantly, provide the service and support you need.
Approaching your employees’ needs thoughtfully and holistically
Through an integrated experience, employees get the education and guidance they need to help them pursue their personal goals.
We blend high tech with high touch to help employees use their benefits. By utilizing advanced technology, our employees stay connected and engaged with your employees whenever and wherever they need it.
We stay connected and engaged with:
- Personalized, actionable education and guidance on day-to-day finances as well as long-term planning
- Advanced technology for seamless and secure digital access, making it easy for employees to manage their entire financial lives online
- Workshops, webinars, one-on-one consultations and checkups from financial wellness specialists
2020 Financial Life Benefits™ Impact Report
Addressing short-term financial needs, long-term goals and offering financial education and professional guidance are central to a robust employee benefits program. This report monitors plan participants' behavior and sponsors' adoption of new plan design features and services.