# Bank Of America Corporation Health & Welfare Plan
Source: https://planprovider.pro/companies/bank-of-america-corporation-560906609-502

> Bank Of America Corporation's Health & Welfare plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/marsh-mclennan-agency) — 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|—|—|

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