Browsing Tag
Bank of America
31 posts
401(k) Balances Up in 2023, But So Are Hardship Withdrawals, Loans
Bank of America's “Participant Pulse” survey reveals average plan balances have increased nearly 10% this year, but hardship distributions and loans are also on the rise
Corporate Roundup: Pensionmark Names CIO; DCALTA Appoints Board of Directors
Pensionmark announces a new CIO, while DCALTA selects three new members to its board of directors, and more
401(k) Gender Savings Gap Still Large, But Smaller for Younger Participants
Bank of America finds that while men’s average account balance exceeds women by 50%, women in younger generations are closing the gap
Retirement Savings See Slight Boost in 2023
The latest Bank of America 401(k) Participant Pulse report found average retirement savings rates increased in Q1
Corporate Roundup: Andy Sieg Heads to Citi, Ascensus and Voya Partnership
This week’s roundup includes big moves for Citigroup and Merrill Lynch, a new collaboration between FuturePlan by Ascensus and Voya, and more
BoA ‘401(k) Participant Pulse’ Report to Track Participant Confidence
The new reports from BoA will track 401(k) plan participant confidence to assess what trends are impacting retirement planning and financial wellness
Home is Where the Retirement Is
7 in 10 Gen X and Boomers are retiring in the home they already own, Bank of America research finds
Participants Not Satisfied with Retirement Plan Digital Experience: J.D. Power
Bank of America and Charles Schwab tie for highest rank in digital participant satisfaction
6 Striking Trends from New 401k Research
Bank of America’s 2022 Financial Life Benefits Impact Report loaded with benchmarking statistics on participant 401k engagement
Sponsors Feeling More Responsible Now for Employee Financial Wellness
Bank of America study finds 95% of employers feel sense of responsibility as more employers offer programs and expand types of wellness support