Bank of America to outsource benefits services to UK, Ireland and Canada

Bank of America has signed a five-year deal to outsource its flexible benefits plan for more than 10,000 staff in the UK, Ireland and Canada.

The bank has signed a contract with ExcellerateHRO – a joint HR venture between outsourcing firm EDS and consultancy Towers Perrin.

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The deal expands the scope of benefits administration services already provided by ExcellerateHRO through the addition of employees in the UK, and the launch of flexible benefit plan services for Bank of America staff in Ireland and Canada.

Kathryn Kelly, ExcellerateHRO president, said: “We are delighted that Bank of America has chosen to expand its relationship with ExcellerateHRO.”