Bank of America Announces Enhancements to Benefits Online Program

Bank of America Merrill Lynch today announced several upgrades to its Benefits OnLine platform, part of its offering of financial benefit plan programs.

The enhancements include a new online education center, which allows participants to manage their retirement and benefit plans as previously done, while now also providing content in one place organized by life stage, the bank said. The new center also has social sharing features added to the site, so participants can share content with friends and family on Facebook, Twitter and LinkedIn. Each piece of content is tagged, allowing employers to promote more relevant content to employees through their communication campaigns, according to the bank.

Enhancements to the Benefits Online Mobile platform now provide users with access to detailed information in their Equity, Defined Benefit and Non-Qualified Deferred Compensation plans through a unified mobile experience.

The bank also rolled out a redesigned Benefits Online homepage, based on client feedback.

"We are significantly enhancing the online and mobile experience for employees when engaging their financial benefit plans,” said Eve Varner, director of Interactive Platform Management for Bank of America Merrill Lynch. “With these enhancements, we are also making it easier for employers to add value to their benefit offerings by providing employees access to more personalized financial education.”

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio