Browsing Tag
Bank of America
35 posts
BofA Launches ‘401k Pay’ Digital Solution for Retirement Income
New resource available Nov. 17 focused on converting 401(k) account assets into retirement income
Plans with Automatic Features Boast Stronger Account Balances
401(k) plans with auto features have higher account balances of $50,000, reports BoFA
Gen Zers Taking Steps to Strengthen Financial Health
Half have added money to their savings and a quarter have paid down debt, Bank of America finds
Participant Pulse: 401(k) Balances at BofA Grow 16% in 2024
Bank of America’s new Participant Pulse report shows average account balance just over six figures
401(k) Balances at Bank of America Spike 11% in Q3
Average balance now tops six figures after closing 2023 at $86,000
401(k), HSA Account Balances Grow in Q2: Bank of America
The average 401(k) contribution rate held steady at 6.5%
Gen Zers are ‘Loud Budgeting’ to hit Savings Goals
Over one-third of Gen Zers are comfortable vocalizing their savings goals with loved ones, finds Bank of America
Health Savings Accounts: By the Numbers
Key metrics and insights on the current state of the HSA market
More Americans Feeling ‘Financially Well’ This Year
Bank of America’s 2024 Workplace Benefits Report finds fewer employees concerned economic uncertainty will affect long-term retirement savings
401(k) Account Balances See Marginal Increase in Q1
The increase in balances is linked to a slight uptick in 401(k) participant contributions, says BoFA