Investing.com
Published Feb 08, 2024 23:30
Growing list of companies adding wellness tools and resources to help employees live their best financial lives
"By the middle of this year, more than 500 companies will be enrolled in our Employee Banking & Investing program," said
Corporate clients nationwide offering the Bank of America program to their employees range from large and mid-sized companies across a variety of industries. This month, TriNet became one of the newest companies to roll the program out to its more than 333,000 worksite employees and colleagues. Based in
"At TriNet we strive to power the success of small and medium-sized businesses by supporting their growth and enabling their people in addition to providing access to programs such as Bank of America's Employee Banking & Investing program," said
According to Bank of America's 2023 Workplace Benefits Report, 96% of employers feel a sense of responsibility for their employees' financial wellness, yet only 2 out of 5 employers offer financial wellness programs. This research study, conducted annually for over a decade, also found that companies who offer these programs will continue to stand out as employers of choice, often see higher rates of employee satisfaction and retention, and noticeable reductions in employee stress.
Through enrollment in the program, companies have the potential to extend greater financial benefits to their employees, including two premier Bank of America solutions: Better Money Habits ® “ an online resource and live seminar series on a wide range of topics designed to help increase employees' financial knowledge; and Preferred Rewards Gold Tier benefits which reward members with credit card bonuses, interest rate boosters, and more.
The Employee Banking & Investing program is part of the company's broader suite of workplace benefits and solutions designed to help meet the near- and long-term financial needs of employees. This complete offering brings together traditional financial benefits “ including retirement plans, health savings, equity compensation and non-qualified deferred compensation plans “ with a range of banking and lending capabilities from Bank of America and investing capabilities from Merrill to help address employees' financial needs more comprehensively.
Today, 95% of the
"Our corporate and commercial clients appreciate working with a financial institution who understands the unique needs of their company and their employees," said
Learn more about Bank of America's Employee Banking & Investing program and comprehensive suite of financial benefits and solutions for employees.
Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
Reporters may contact:
Phone: 1.980.387.0514
andrew.aldridge@bofa.com
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SOURCE Bank of America Corporation
Written By: Investing.com
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