Helping create a better workplace through Financial Life Benefits™

Financial Life Benefits™ brings together a suite of workplace benefit solutions to help meet your employees’ broad financial needs. From day-to-day banking1 to investing for retirement2, it builds upon and integrates Bank of America’s enterprise capabilities to create a more complete experience, including holistic guidance and education, to help employees throughout their financial journeys. By providing seamless access to benefits in one place with one provider, Financial Life Benefits™ can help simplify your work day and make it easier for employees to navigate their full financial lives.

Watch our new video to learn more about how Financial Life Benefits™ can help elevate your benefits offering and create a better workplace:

View Transcript

A look under the hood

Digital channels are as important as ever in helping engage employees and allowing them to conveniently take action virtually anytime, anywhere. And, we’re expanding the use of innovative platforms, artificial intelligence and intuitive interfaces to help make that experience more personalized and actionable.

For example, our Financial Wellness Tracker helps deliver guidance to employees in defined contribution plans that takes into account their individual situations and priorities. This new digital experience generates a personalized financial wellness score to help employees understand where they stand financially and a suggested action plan with steps they can take to improve their financial wellness. In addition, in the coming weeks, Benefits OnLine® will launch a transformative new design to help make it easier for 401(k) and equity participants to access account information, tools and insights to manage their financial lives.

Key takeaways

Play the video above to experience Financial Life Benefits™.

Explore our Innovation Roadmap to learn more about this new offering and what to expect.

Talk with your Bank of America representative about expanding your benefits to include the full breadth of Financial Life Benefits™.

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

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