Plan Snapshot
- Plan Sponsor: Bank Of America Corporation
- Sponsor EIN: 560906609
- Sponsor Address: 3400 PAWTUCKET AVE., RI1-530-01-15, RIVERSIDE, RI, 029155298
- Plan Type: DB
- Total Participants: 51,062
- Total Assets: $19.0B
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 | 51,062 | $19.0B | $0 | $0 |
| 2023 | 53,831 | $19.2B | $0 | $0 |
| 2022 | 56,219 | $18.8B | $0 | $0 |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INST. OPS. CO. | Recordkeeper | $10,265,870 | — | $10,265,870 |
| BRIDGEWATER ASSOCIATES | Other Service Provider | $5,500,256 | — | $5,500,256 |
| CAMDEN ASSET MANAGEMENT, LP | Other Service Provider | $3,571,527 | — | $3,571,527 |
| PIMCO LLC | Other Service Provider | $3,554,700 | — | $3,554,700 |
| WESTERN ASSET MANAGEMENT COMPANY | Other Service Provider | $3,508,151 | — | $3,508,151 |
| WILLIS TOWERS WATSON | Recordkeeper | $2,422,695 | — | $2,422,695 |
| T. ROWE PRICE ASSOCIATES, INC. | Other Service Provider | $2,149,137 | — | $2,149,137 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT | Other Service Provider | $1,653,350 | — | $1,653,350 |
| MONDRIAN INVESTMENT PARTNERS LTD | Other Service Provider | $1,436,835 | — | $1,436,835 |
| NISA INVESTMENT ADVISORS | Other Service Provider | $1,250,000 | — | $1,250,000 |
| FIDELITY INSTL ASSET MGMT TR CO | Other Service Provider | $1,105,597 | — | $1,105,597 |
| DODGE & COX | Other Service Provider | $1,042,965 | — | $1,042,965 |
| INTECH INVESTMENT MANAGEMENT, LLC | Other Service Provider | $987,101 | — | $987,101 |
| LEGAL & GENERAL INVESTMENT MGMT | Other Service Provider | $972,858 | — | $972,858 |
| BANK OF NEW YORK MELLON TRUST CO | Other Service Provider | $970,791 | — | $970,791 |
| VOYA INVESTMENT MANAGEMENT CO, LLC | Other Service Provider | $918,487 | — | $918,487 |
| PRUDENTIAL INSURANCE CO. | Recordkeeper | $876,449 | — | $876,449 |
| MFS INSTITUTIONAL ADVISORS, INC. | Other Service Provider | $835,942 | — | $835,942 |
| COLUMBIA MGMT INVESTMENT ADVSISORS | Other Service Provider | $710,624 | — | $710,624 |
| ARISTOTLE CAPITAL MANAGEMENT, LLC | Other Service Provider | $643,266 | — | $643,266 |
| BANK OF AMERICA RETIREMENT SERVICES | Other Service Provider | $583,897 | — | $583,897 |
| GOLDMAN SACHS ASSET MANAGEMENT | Investment Advisor | $530,872 | — | $530,872 |
| CONNOR, CLARK & LUNN INV. MGMT. | Other Service Provider | $527,994 | — | $527,994 |
| STATE STREET GLOBAL ADVISORS TR CO | Other Service Provider | $526,856 | — | $526,856 |
| LSV ASSET MANAGEMENT COMPANY | Other Service Provider | $520,451 | — | $520,451 |
| CALLAN LLC | Other Service Provider | $519,000 | — | $519,000 |
| ACADIAN ASSET MANAGEMENT | Other Service Provider | $353,814 | — | $353,814 |
| DIMENSIONAL FUND ADVISORS LP | Other Service Provider | $270,820 | — | $270,820 |
| RUSSELL INV. IMPLEMENTATION SERVICE | Investment Advisor | $229,600 | — | $229,600 |
| SMITH & DOWNEY, PA | ERISA Attorney | $141,857 | — | $141,857 |
| BANK OF AMERICA PERSONNEL CENTER | Other Service Provider | $125,097 | — | $125,097 |
| MERCER HR CONSULTING | Other Service Provider | $122,167 | — | $122,167 |
| MCCONNELL & JONES LLP | Auditor | $109,175 | — | $109,175 |
| GROOM LAW GROUP | ERISA Attorney | $60,261 | — | $60,261 |
| WILSHIRE ASSOCIATES INCORPORATED | Recordkeeper | $37,125 | — | $37,125 |
| DELOITTE LLP | Other Service Provider | $17,020 | — | $17,020 |
| POYNER SPRUILL LLP | ERISA Attorney | $8,878 | — | $8,878 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INST. OPS. CO. — Recordkeeper
- WILLIS TOWERS WATSON — Recordkeeper
- PRUDENTIAL INSURANCE CO. — Recordkeeper
- GOLDMAN SACHS ASSET MANAGEMENT — Investment Advisor
- RUSSELL INV. IMPLEMENTATION SERVICE — Investment Advisor
- SMITH & DOWNEY, PA — ERISA Attorney
- MCCONNELL & JONES LLP — Auditor
- GROOM LAW GROUP — ERISA Attorney
- WILSHIRE ASSOCIATES INCORPORATED — Recordkeeper
- POYNER SPRUILL LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,061,485
- Estimated Expense Ratio: 0.258% 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 | $67,999,864 | $34,893,264 | — | $109,175 | — |
| 2023 | $69,821,517 | $34,779,548 | — | $102,578 | — |
| 2022 | $72,107,952 | $38,073,195 | $11,179,394 | — | $3,504,964 |