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Bank of America´s comprehensive Life Management programs are designed to assist employees with many of life's challenges and opportunities:
Adoption Reimbursement
Reimburses up to $8,000 per adopted child upon legal adoption for eligible employees.
Child Care Plus®
Eligible employees can enroll in Child Care Plus, which helps pay for child care expenses incurred while working. Eligible employees can receive up to $240 per month, per child under 5 years of age or up to $205 per month, per child age 5 to under age 13 (under 21, if incapable of self-care). Care can be provided through a licensed facility (like a child care center) or an informal type of care (like a babysitter).
Tuition Reimbursement
The bank reimburses eligible employees up to $5,250 for job-related courses or to fulfill a job-related degree program.
LifeCare®
A free, confidential resource and referral program offering practical advice and support to help employees and their families manage work and personal responsibilities, including financial and parenting advice and help finding child- and elder-care resources.
Employee Assistance Program (EAP)
A voluntary, confidential service to help employees and their family deal with family problems, job-related issues, stress and other situations.
Bank of America offers multiple ways for employees and managers to define when and where employees work, including flex-time, telecommuting, compressed work schedules and job sharing. With the My Work® program, employees have the opportunity to work from a variety of corporate bank locations or from home instead of a traditional, dedicated cube or office.
Auto and Home Insurance
Provides employees with special group rates on a variety of insurance policies, including those for homes, condominiums, autos, recreational vehicles and rental homes.
Commuter Benefit Program
Enables employees to pay for eligible work-related commuting expenses, like mass transit or parking, with pretax dollars (up to the IRS limit). Parking expenses eligible in all areas except the state of Washington.
Offers employees a range of paid and unpaid leave options for taking the time they need away from work for vacation, health and family issues, and a range of other personal needs.
Not all employees are eligible to participate in all benefit programs. The terms and conditions of the benefits described above may be governed by written benefit plans and/or other documents. The above stated description of benefits is intended as a summary and for informational purposes only; this document does not create a contract between the company and any employee or potential employee. All programs and benefits are subject to change at any time.
Benefits and Other Programs
Health & Insurance Benefits
Retirement Benefits
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