Bank of America Employee Benefit: 401K Plan | Glassdoor

Bank of America 401K Plan

Updated Jul 20, 2014

2435 employees reported this benefit


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 514
  • Apr 18, 2018
    StarStarStarStarStar Former Bank Teller in Atlanta, Georgia

    401k plans are available through the company

  • Apr 11, 2018
    StarStarStarStarStar Former Employee in Pennington, New Jersey

    100% upto 5% and 2% of profit sharing goes right into 401k in February of every year.

  • Apr 02, 2018
    StarStarStarStarStar Current Employee in Atlanta, Georgia

    you are allowed to take 2 loans against your 401k.

  • Mar 29, 2018
    StarStarStarStarStar Current Fraud Analyst in Newark, Delaware

    Nothing bad to say about 401 k plan

  • Mar 15, 2018
    StarStarStarStarStar Current Customer Service Specialist in Richmond, Virginia

    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.

  • Mar 12, 2018
    StarStarStarStarStar Current Relationship Manager in Coral Springs, Florida

    They match after your been with them 1 year

  • Mar 08, 2018
    StarStarStarStarStar Former Relationship Manager in San Francisco, California

    6% salary and 100% matching, not sure about vesting period

  • Mar 06, 2018
    StarStarStarStarStar Current Employee in Denver, Colorado

    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.

  • Mar 03, 2018
    StarStarStarStarStar Former Employee in Atlanta, Georgia

    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.

  • Feb 19, 2018
    StarStarStarStarStar Former Employee in Los Angeles, California

    You become fully vested and the company offers matching after only 1 year.

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