# Bank Of America, N.A. DB Plan
Source: https://planprovider.pro/companies/bank-of-america-n-a-plan

> Bank Of America, N.A.'s DB plan: 66 participants, plan year 2023 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2023.

## Plan Snapshot

- **Plan Sponsor:** Bank Of America, N.A.

- **Sponsor EIN:** 941687665

- **Sponsor Address:** 3400 PAWTUCKET AVE., RI1-530-01-15, RIVERSIDE, RI, 029155298

- **Plan Type:** DB

- **Total Participants:** 66

- **Total Assets:** $13.2M

## 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.|

| 2023|66|$13.2M|$300,000|$0|

| 2022|49|$11.8M|$300,000|$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|

| WILLIS TOWERS WATSON|NONE|$212,382|—|$212,382|

| MCCONNELL & JONES LLP|NONE|$110,338|—|$110,338|

| SMITH & DOWNEY, P.A.|NONE|$30,500|—|$30,500|

| BANK OF AMERICA RETIREMENT SERVICES|INTERNAL BANK DEPT.|$18,496|—|$18,496|

| BANK OF AMERICA PERSONNEL CENTER|INTERNAL BANK DEPT.|$13,270|—|$13,270|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [WILLIS TOWERS WATSON](https://planprovider.pro/provider/lincoln-financial-group) — NONE

- [MCCONNELL & JONES LLP](https://planprovider.pro/provider/mcconnell-and-jones-llp) — NONE

- [SMITH & DOWNEY, P.A.](https://planprovider.pro/provider/smith-and-downey-pa) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $384,986

- **Estimated Expense Ratio:** 2.915% 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|

| 2023|$275,421|—|—|$59,169|—|

| 2022|$189,805|—|—|—|$150,558|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/bank-of-america-n-a-plan)

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