Workplace Benefits Report - Insights for Today's Workforce

Why us
- Why us
  We can help you provide a comprehensive benefits program designed to help meet the near- and long-term needs of your employees.
- Our approach
  Learn how our commitment to making financial lives better and a holistic approach to workplace challenges can help you pursue your strategic vision.
- Experience & insights
  Our vast experience, proprietary research and strategic partnerships help companies evolve with the needs of today's workforce.
- Holistic focus
  We offer a broader understanding of the interconnectivity of finances in people’s lives and guidance that goes beyond traditional solutions.
- Leadership
  Benefit from over 200 years of leadership putting clients first guided by a common purpose to help make financial lives better through the power of every connection.
- Industry events
  Connect with us and other industry professionals and gain the latest insights from thought leaders and experts.
Our research and reports

You benefit from our deep insights gained from millions of interactions and research across the organization.
Who we serve
- Who we serve
  We leverage the breadth of Bank of America’s resources to serve organizations of all size and scope.
- Corporations and institutions
  Discover how we can customize a wide array of benefit strategies, potential solutions and experiences to help meet the goals of companies big and small.
- Small businesses
  We help entrepreneurs and small business owners make a big impact with a benefits plan that can be a valuable asset in helping attract and retain talent.
- Consultants
  We value the consultants' role in retirement and benefit plans and are committed to being your go-to resource.
Solutions & services
- Solutions & services
- Workplace Benefits
  Learn about our integrated benefits designed to help employees manage their day-to-day finances and prepare for the future.
- Defined contribution (401(k)) and nonqualified deferred compensation plans
- Defined benefit plans
- Health benefit solutions
- Stock plan services
- Employee banking and investing
- Executive services
- Financial wellness for employees
  We deliver personalized financial wellness with educational content to help employees gain financial confidence.
- Plan sponsor support
  Our team offers dedicated support from big picture strategy to the finer details, to help you meet your company’s goals.
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Workplace Benefits

At the start of 2025, a sense of financial well-being extended to over half the workforce at 52%, up from 47% in 2024 and 44% in 2023. Just a few months later in 2025, financial wellness regressed back to it's 2024 level. All data from respective Bank of America Workplace Benefits Reports from 2023 to 2025.

At the start of 2025, a sense of financial well-being extended to over half the workforce at 52%, up from 47% in 2024 and 44% in 2023. Just a few months later in 2025, financial wellness regressed back to it's 2024 level. All data from respective Bank of America Workplace Benefits Reports from 2023 to 2025.

Debt poses a strong challenge with 85% of employees carrying various types of personal debt. 56% have credit card debt, 50% have mortgages, 24% have student loans. According to the Bank of America Workplace Benefits Report survey, January 2025.

Debt poses a strong challenge with 85% of employees carrying various types of personal debt. 56% have credit card debt, 50% have mortgages, 24% have student loans. According to the Bank of America Workplace Benefits Report survey, January 2025.

Equity awards are the top additional benefit employees want. And those who receive them feel more optimistic about their careers at 70% than those without awards at 64%. According to the Bank of America Workplace Benefits Report survey, January 2025.

Equity awards are the top additional benefit employees want. And those who receive them feel more optimistic about their careers at 70% than those without awards at 64%. According to the Bank of America Workplace Benefits Report survey, January 2025.

Employees nearing retirement reflect on their savings regrets. 49% say they wish they would have started saving younger, 35% say they should have taken full advantage of their employer's 401k match. According to the Bank of America Workplace Benefits Report survey, January 2025.

Employees nearing retirement reflect on their savings regrets. 49% say they wish they would have started saving younger, 35% say they should have taken full advantage of their employer's 401(k) match. According to the Bank of America Workplace Benefits Report survey, January 2025.

Health care costs in retirement continue to climb, while health care savings lag. 34% of employees are saving/investing specifically for future health care. According to the Bank of America Workplace Benefits Report survey, January 2025.

Health care costs in retirement continue to climb, while health care savings lag. 34% of employees are saving/investing specifically for future health care. According to the Bank of America Workplace Benefits Report survey, January 2025.

2 in 3 employees stay at their company is good work/life balance. Yet only 51% of those who take less time off than they're offered say their manager encourages them to take paid time off. According to the Bank of America Workplace Benefits Report survey, January 2025.

The top reason employees stay at their company is good work/life balance. Yet only 51% of those who take less time off than they're offered say their manager encourages them to take paid time off. According to the Bank of America Workplace Benefits Report survey, January 2025.

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Report: View the full report to learn more

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Video: See highlights from this year’s report

A diverse group of coworkers talking and laughing at work in a meeting

Brief: Learn more about findings to inspire inclusive financial wellbeing in the workplace

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Two people smiling in a small business

Brief: Explore findings on small businesses and their employees

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Let’s connect to discuss how the findings of our research can help you make more informed decisions about the workplace benefits you offer, and help you provide the support your employees need and want.

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¹Stats from 2024 Workplace Benefits Report survey, January 2024.

All stats from 2025 Workplace Benefits Report survey, January 2025, unless otherwise noted.