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Wednesday, April 08, 2026
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About Lorna Sabbia

https://www.bankofamerica.com/

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 Bank of America introduces 401k Pay, with Lorna Sabbia and Tom Matarazzo leading the rollout of a digital platform that converts 401(k) savings into flexible, trackable retirement income for participants.

BofA Launches 401k Pay: Comprehensive Solution Simplifies Retirement Income Management

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Bank of America is launching 401k Pay, a unique new solution designed to simplify and conveniently convert 401(k) account assets into a retirement income

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 Bank of America’s 2025 Workplace Benefits Report reveals rising employee demand for financial wellness resources, from emergency savings to debt support and retirement planning.

BofA Report: Percentage of Workers Seeking Near-Term Financial Guidance from Employers Doubles

September 4 2025

While nearly 7 in 10 employees (68%) remain optimistic about their financial future over the next three years, many are seeking advice around both long-term savings and managing their personal finances today. This, combined with higher living costs and persistent inflation, is causing more workers to look for help prioritizing all their financial needs at once.

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Bank of America

Bank of America