Bank Of America Retiree Group Benefits Program — Form 5500 plan (Bank Of America Corporation)
Plain-English plan 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 Retiree Group Benefits Program is a benefit plan reported by Bank Of America Corporation under EIN 56-0906609 and plan number 502. The latest loaded filing year is 2023. The filing reports 65,979 participants and $105,479,292 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bank Of America Corporation
- EIN
- 56-0906609
- Plan number
- 502
- Plan type
- 2
- Location
- Charlotte, NC
- Latest filing year
- 2023
- Participants
- 65,979
- End-of-year plan assets
- $105,479,292
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 65,979 | H, C | 20240926145226NAL0000464835001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $105,479,292
- Total liabilities (EOY)
- $16,015,348
- Net assets (EOY)
- $89,463,944
- Net assets (BOY)
- $101,032,943
Income & contributions
- Employer contributions
- $36,329,421
- Participant contributions
- $101,520,082
- Total contributions
- $137,849,503
- Total income / additions
- $143,306,367
Expenses & distributions
- Benefits paid
- $151,819,265
- Administrative expenses
- $3,056,101
- Total expenses
- $154,875,366
- Net increase / (decrease)
- -$11,568,999
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Silverscript Insurance Company | NONE | $1,959,357 | not reported in the loaded dataset | 2023 |
| Aetna Life Insurance Company | NONE | $601,004 | not reported in the loaded dataset | 2023 |
| Blue Cross Blue Shield Of Georgia | NONE | $399,535 | not reported in the loaded dataset | 2023 |
| Cvs Pharmacy, Inc. | NONE | $53,774 | not reported in the loaded dataset | 2023 |
| United Health Care Insurance Co. | NONE | $37,918 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Bank Of America Corporation
- 2023 Form 5500 filing
- Form 5500 filings in NC
- 401(k) and benefit plan filings in Charlotte, NC
- Silverscript Insurance Company — Schedule C compensation
- Aetna Life Insurance Company — Schedule C compensation
- Blue Cross Blue Shield Of Georgia — Schedule C compensation
- Cvs Pharmacy, Inc. — Schedule C compensation
- United Health Care Insurance Co. — Schedule C compensation