Bank of America 401K Plan

Updated Jul 20, 2014

970 of 982 employees reported this benefit.

Bank of America offers a 401k plan.

This information about the 401K Plan benefit at Bank of America is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Bank of America. The description here may not reflect the current Bank of America 401K Plan benefit.

This benefit is offered to US-based employees

Employee Comments

  • Oct 07, 2015
    Current Program Manager in Chicago, Illinois

    Extensive 401k plan subsidized by bank of america

  • Oct 06, 2015
    Current Employee in Annandale, Virginia

    6% matching and wide selection of funds to choose from. Everything is run by Merrill so you can't really go wrong.

  • Oct 05, 2015
    Former Employee in Walnut Creek, California

    Lots of different retirement mutual funds to choose from

  • Oct 03, 2015
    Former Analyst in Concord, North Carolina

    Not good not at all....all bad .they let you to wait response

  • Oct 02, 2015
    Current Employee in New York, New York State

    great matching for 401k at market standard. a variety of investment options to choose from

  • Oct 01, 2015
    Former Employee in Pasadena, California

    up to 5% matching after 1 year employment

  • Sep 30, 2015
    Former Vice President in Jacksonville, Florida

    While you can manage your portfolio or get a company manged portfolio the performance tends to be low. Contribution by BOA is not very generous.

  • Sep 29, 2015
    Former Employee in Concord, California

    The best thing is that you can manage your own investments and there are plenty of options. The worst thing is that you are required to have all your investments (not just your 401K) with a bank approved company if you work in certain departments.

  • Sep 27, 2015
    Former IT Analyst in Charlotte, North Carolina

    The best aspect of the 401k plan is that matching was immediate.

  • Sep 26, 2015
    Former Employee in Norfolk, Virginia

    Match up to a certain percentage

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