Bank of America Employee Benefit: 401K Plan | Glassdoor

Bank of America 401K Plan

Updated Jul 20, 2014

2234 employees reported this benefit

4.2
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Employer Summary

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.


Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 469
  • Nov 16, 2017
    StarStarStarStarStar Former Wealth Management in Jacksonville, Florida

    Bank of America has a very nice one.

  • Nov 14, 2017
    StarStarStarStarStar Current CsrII in Houston, Texas

    2% matching, optional up to 7%

  • Nov 09, 2017
    StarStarStarStarStar Current Preferred Sales Associate in Atlanta, Georgia

    6% match after a year

  • Nov 05, 2017
    StarStarStarStarStar Former Employee in Frederick, Maryland

    company provides about 6% match

  • Nov 02, 2017
    StarStarStarStarStar Current Fraud Analyst in Newark, Delaware

    You can set it at 1% or 3% when you start and can lift it to 5% after a year,

  • Oct 24, 2017
    StarStarStarStarStar Former Employee in Charlotte, North Carolina

    Excellent plan with maximum employee matching and decent investment options to choose from.

  • Oct 23, 2017
    StarStarStarStarStar Former Senior Product Manager in Charlotte, North Carolina

    Company matching is competitive. Downsise is required management at Merrill Lynch

  • Oct 19, 2017
    StarStarStarStarStar Former Mortgage Loan Document Specialist in Tampa, Florida

    up to 5% matching after 1, full-time, year of employment. 2% additional contribution to an individuals 401k after 1 full calendar year of employment, each year....

  • Oct 18, 2017
    StarStarStarStarStar Former Employee in Pennington, New Jersey

    Average.Employer match up to 6%

  • Oct 17, 2017
    StarStarStarStarStar Current Relationship Manager in Houston, Texas

    March up to 5% which is great! I haven’t seen another company that still does that luckily boa partners with merrill so you can get advice from them as well


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