Plan Snapshot
- Plan Sponsor: Bank Of America Corporation
- Sponsor EIN: 560906609
- Sponsor Address: 401 N. TRYON STREET, NC1-021-08-03, CHARLOTTE, NC, 28255
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 0
- Total Assets: $97.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $97.1M | $10.2M | $107.1M |
| 2023 | 0 | $105.5M | $36.3M | $101.5M |
| 2022 | 0 | $115.8M | $39.8M | $104.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SILVERSCRIPT INSURANCE COMPANY | Other Service Provider | $1,859,655 | — | $1,859,655 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $511,782 | — | $511,782 |
| BLUE CROSS BLUE SHIELD OF GEORGIA | Investment Advisor | $349,691 | — | $349,691 |
| CVS PHARMACY, INC. | Other Service Provider | $91,044 | — | $91,044 |
| UNITED HEALTH CARE INSURANCE CO. | Other Service Provider | $37,634 | — | $37,634 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BLUE CROSS BLUE SHIELD OF GEORGIA — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,849,806
- Estimated Expense Ratio: 2.934% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $2,849,806 | — | $2,849,806 | — | — |
| 2023 | $3,056,101 | — | $3,056,101 | — | — |
| 2022 | $3,335,157 | — | $3,335,157 | — | — |