Plan5500

Bank Of America Corporation — Form 5500 filings & benefit plans

Form 5500 plan sponsor summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Bank Of America Corporation (EIN 56-0906609) is a plan sponsor located in Charlotte, NC with 3 reported benefit plan(s) in the loaded dataset. The latest loaded Form 5500 filing year is 2023.

Company overview (based on loaded 2023 public filings)

EIN
56-0906609
Location
Charlotte, NC
Loaded plans
6
Latest filing year
2023

This is a company / sponsor profile — aggregate totals across all of this employer's loaded plans. Open an individual plan below for its own full financial statement.

What stands out for Bank Of America Corporation

  • 6 loaded plans hold $81B in reported assets.
  • The largest, The Bank Of America 401(K) Plan, holds 68% of this company's reported plan assets.
  • Plans cover 717,867 reported participants.
  • 6 of 6 plans report full financial statements.
  • 5 report Schedule C provider compensation.
Aggregate financials · 2023

Reported financial aggregate

Total reported net assets$79.1BSummed across loaded plans$79,119,795,639
Total reported assets$81B$81,038,167,438
Total reported participants717.9K717,867
Total reported liabilities$1.9B$1,918,371,799

Reported net position

Reported assets = net assets + liabilities (summed)$81B total assets
Net assets$79.1BLiabilities$1.9B
Contributions & income
Employer contributions$3.4B
Participant contributions$2.7B
Total income / additions$16.4B
Expenses & distributions
Benefits paid / distributions$7.7B
Total expenses$8B
Net increase / (decrease)$8.4B

Data coverage

Plans with financial statements6 / 6 (100%)
Plans with provider compensation5 / 6 (83%)

Totals sum the latest loaded 2023 public Form 5500 filing per plan for this company's plans — one filing per plan, so multiple years are never double-counted. Figures are reported values from loaded Schedule H / I (and Schedule C for provider compensation); fields a plan did not report are treated as missing, not zero. These are not audited or official totals.

Computed from loaded plans

Portfolio comparison

Largest plan share of assets68%The Bank Of America 401(K) Plan
Participants per plan119,645Average across loaded plans
Loaded plans6
Ranked by reported assets

Largest loaded plans

Bars show each plan's reported end-of-year assets relative to the largest.

  1. 1
    The Bank Of America 401(K) Plan$54.8B
    Plan #003 · 263,860 participants · 2023
  2. 2
    The Bank Of America Pension Plan$19.2B
    Plan #001 · 200,581 participants · 2023
  3. 3
    Stable Value Master Trust For Bank Of America Corporation$5.4B
    Plan #010 · not reported in the loaded dataset participants · 2023
  4. 4
    The Bank Of America Transferred Savings Account Plan$1.1B
    Plan #007 · 10,258 participants · 2023
  5. 5
    Bank Of America Group Benefits Program$429.5M
    Plan #501 · 177,189 participants · 2023
  6. 6
    Bank Of America Retiree Group Benefits Program$105.5M
    Plan #502 · 65,979 participants · 2023

All loaded plans by assets → · By participants → · With financial statements → · With provider compensation →

EFAST2 filings

Latest loaded filings

Most recent loaded Form 5500 filings for Bank Of America Corporation. Open one for its full reported snapshot.

  1. 2023
    The Bank Of America 401(K) Plan263,860 participants · 2Sch H
    View filing →
  2. 2023
    Stable Value Master Trust For Bank Of America CorporationParticipants not reported · 4Sch HSch C
    View filing →
  3. 2023
    The Bank Of America Transferred Savings Account Plan10,258 participants · 2Sch HSch C
    View filing →
  4. 2023
    The Bank Of America Pension Plan200,581 participants · 2Sch HSch C
    View filing →
  5. 2023
    Bank Of America Retiree Group Benefits Program65,979 participants · 2Sch HSch C
    View filing →
  6. 2023
    Bank Of America Group Benefits Program177,189 participants · 2Sch HSch C
    View filing →

What to inspect next

Frequently asked questions

How many benefit plans does Bank Of America Corporation report on Form 5500?
Bank Of America Corporation (EIN 56-0906609) reports 3 benefit plan(s) in the loaded Form 5500 dataset.
What is the EIN for Bank Of America Corporation?
The Employer Identification Number (EIN) reported for Bank Of America Corporation is 56-0906609.
What is the latest Form 5500 filing year for Bank Of America Corporation?
The latest loaded Form 5500 filing year for Bank Of America Corporation is 2023.

Related Form 5500 pages