Business
BofA Launches Enhanced Workplace Benefits Solutions for Business Owners and Their Employees
Bank of America is launching an enhanced digital platform for business owners and their employees, offering greater access to a suite of retirement plans – including 401(k), IRA and more – as well as health benefit solutions and financial wellness resources. Through Bank of America Workplace Benefits, business owners can now explore affordable, easy-to-manage plans and access tools that help enable them to identify the best plan for their businesses and their employees.
About this update from Bank Of America Corporation
[{"type":"text","content":"Solutions Help Small and Mid-Size Businesses Deliver Additional Benefits While Increasing Simplicity and Accessibility","length":118,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, Dec. 8, 2025 /PRNewswire/ -- Bank of America is launching an enhanced digital platform for business owners and their employees, offering greater access to a suite of retirement plans – including 401(k), IRA and more – as well as health benefit solutions and financial wellness resources. Through Bank of America Workplace Benefits, business owners can now explore affordable, easy-to-manage plans and access tools that help enable them to identify the best plan for their businesses and their employees.","length":513,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Bank of America Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Bank of America Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":218,"url":"https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vBL7vueTUitsFOJUBxvDrQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98","width":400,"height":218}},"href":"https://mma.prnewswire.com/media/1612970/Bank_of_America_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""For many businesses, workplace benefits feel out of reach because of perceived costs, or the time required to manage them. To change that, we've reimagined the benefits experience specifically for small and mid-sized business owners," said Lorna Sabbia, Head of Workplace Benefits at Bank of America. "Through a single streamlined digital platform, business owners can now access a range of plans designed with simplicity and efficiency in mind."","length":471,"tagName":"p"},{"type":"text","content":"Bank of America's expanded suite of benefits solutions offers access experts who can support plan selection, setup and maintenance. This enhanced platform includes:","length":168,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Pooled Employer Plan: The new Workplace Benefits Advised Pooled Employer Plan (PEP) enables a group of business owners to form a shared retirement p...