Browsing Tag
Bank of America
31 posts
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
New Portfolios from Merrill Designed to Provide BofA Clients Predictable Retirement Income
Bank of America announces new income-focused portfolio capabilities from Merrill to address fears of outliving retirement assets
401(k) Account, HSA Balances Up for 2023
At the same time, the number of participants who took a 401(k) loan in 2023 decreased, reports Bank of America
Short-Term Financial Needs Infringing on Retirement Saving: BofA Report
While saving for retirement remains top financial goal, Bank of America Workplace Benefits study finds more employees are prioritizing pressing needs this year
Best Retirement Plan Mobile Apps Ranked by J.D. Power
While participant satisfaction is rising, overall just 38% give their plans high marks for digital capabilities, lagging significantly behind other industries