Bank of America headquarters in Charlotte, North Carolina. (Photo: AP)
Retirement savers in 401(k) plans administered by Bank of America will have access to a new suite of banking and investment benefits.
The U.S.'s second largest bank by assets, according to S&P Global Market Intelligence, also administers 30,000 retirement plans. The 5.6 million participants in the mostly large and mega plans will have access to retail banking options and reduced fees on mortgages if their employers opt to offer the benefits.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
