2435 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.
401k plans are available through the company
100% upto 5% and 2% of profit sharing goes right into 401k in February of every year.
you are allowed to take 2 loans against your 401k.
Nothing bad to say about 401 k plan
They will match your 401k contribution up to 5%, per pay period, once you have been employed with them for 1 year. They offer financial and retirement planning and advice.
They match after your been with them 1 year
6% salary and 100% matching, not sure about vesting period
The match on the 401k plan is decent, but you have to wait one full year before the match kicks in for you. This makes it impossible to get because they will definitely lay you off prior to one year.
Employer match for 401K was very good. After 30 years of employment, my retirement account is in good shape. The online information about various investment information was always thorough and comprehensive.
You become fully vested and the company offers matching after only 1 year.