Bank of America Benefits
Employer Summary
At Bank of America, our most important asset is our people. Our benefits programs are designed to meet the diverse needs of our employees at every stage of their life and help them plan for tomorrow.
Employee Benefit Reviews
Most Commented
- Health Insurance (1,087 comments)
“They offered both PPM and HMO plans to select from. I thought the PPM/EPO options were a little too limited.”
- Vacation & Paid Time Off (415 comments)
“Had to request time off in advance from manager. I was granted most requests in a timely fashion. Paid time off and vacation were deducted from the...”
- Bank of AmericaSep 23, 2018StarStarStarStarStar
Bank offers a reasonably good health benefits package, offering three options to cover various needs: Comprehensive PPO Plan, Consumer Directed Plan and Consumer Directed High Deductible Plan. In comparison with State-sponsored plans, these plans are actually very good.
- Bank of AmericaSep 21, 2018StarStarStarStarStar
the benefits are very good!
- Bank of AmericaSep 19, 2018StarStarStarStarStar
Match 401k, full benefits. 12weeks maturity leaves
- Bank of AmericaSep 19, 2018StarStarStarStarStar
I thought the benefits were fair. Certainly market for my time and grade. I would have liked to see more professional development opportunities.
- Bank of AmericaSep 19, 2018StarStarStarStarStar
They have programs such as child care plus which reimburses you for part of your day care expense
- Bank of AmericaSep 18, 2018StarStarStarStarStar
Solid 401k and medical and dental benefits
- Bank of AmericaSep 17, 2018StarStarStarStarStar
They provide interns with heavy chances of future employment, pay their interns over time, and they give the option of starting a 401 K
- Bank of AmericaSep 18, 2018StarStarStarStarStar
None ynless you were FT, which takes forever to get up the ladder
- Bank of AmericaSep 17, 2018StarStarStarStarStar
Health Insurance keep increasing, other benefits are pretty standard.
- Bank of AmericaSep 15, 2018StarStarStarStarStar
I'm not currently using their benefits package, so I won't be able to say too much. I do however have a 401K & I'm not too impressed with how much they are able to match. (up to 5%)
Benefits Summary
List based on reports from current and former employees. It may not be complete.
Insurance, Health & Wellness
- CheckmarkHealth Insurance (2,570)
- CheckmarkDental Insurance (634)
- CheckmarkFlexible Spending Account (FSA) (594)
- CheckmarkVision Insurance (633)
- CheckmarkHealth Savings Account (HSA) (607)
- CheckmarkLife Insurance (610)
- CheckmarkSupplemental Life Insurance (581)
- CheckmarkDisability Insurance (597)
- CheckmarkOccupational Accident Insurance (529)
- Health Care On-Site
- CheckmarkMental Health Care (556)
- CheckmarkRetiree Health & Medical (486)
- CheckmarkAccidental Death & Dismemberment Insurance (597)
Financial & Retirement
- CheckmarkPension Plan (277)
- Checkmark401K Plan (2,565)
- CheckmarkRetirement Plan (2,323)
- CheckmarkEmployee Stock Purchase Plan (389)
- CheckmarkPerformance Bonus (547)
- CheckmarkStock Options (352)
- CheckmarkEquity Incentive Plan (255)
- CheckmarkSupplemental Workers' Compensation (484)
- CheckmarkCharitable Gift Matching (567)
Family & Parenting
- CheckmarkMaternity & Paternity Leave (2,543)
- CheckmarkWork From Home (377)
- CheckmarkFertility Assistance (432)
- CheckmarkDependent Care (526)
- CheckmarkAdoption Assistance (576)
- CheckmarkChildcare (449)
- CheckmarkReduced or Flexible Hours (378)
- CheckmarkMilitary Leave (596)
- CheckmarkFamily Medical Leave (604)
- CheckmarkUnpaid Extended Leave (558)
Vacation & Time Off
- CheckmarkVacation & Paid Time Off (2,560)
- CheckmarkSick Days (635)
- CheckmarkPaid Holidays (628)
- CheckmarkVolunteer Time Off (557)
- Sabbatical
- CheckmarkBereavement Leave (600)
Perks & Discounts
- CheckmarkEmployee Discount (2,452)
- CheckmarkFree Lunch or Snacks (77)
- CheckmarkEmployee Assistance Program (591)
- CheckmarkGym Membership (209)
- CheckmarkCommuter Checks & Assistance (411)
- Pet Friendly Workplace
- CheckmarkMobile Phone Discount (547)
- Company Car
- CheckmarkCompany Social Events (432)
- Travel Concierge
- CheckmarkLegal Assistance (512)
Professional Support
- CheckmarkDiversity Program (563)
- CheckmarkJob Training (549)
- CheckmarkProfessional Development (526)
- Apprenticeship Program
- CheckmarkTuition Assistance (607)
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