Plan Snapshot
- Plan Sponsor: Bmo Financial Corp.
- Sponsor EIN: 510275712
- Sponsor Address: 320 SOUTH CANAL STREET, CHICAGO, IL, 606065707
- Plan Type: 401(k)
- Plan Number: 507
- Total Participants: 19,704
- Total Assets: $12.0M
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 | 19,704 | $12.0M | $196.3M | $78.3M |
| 2023 | 8,967 | $84.6M | $149.5M | $63.1M |
| 2022 | 8,376 | $88.2M | $113.9M | $45.7M |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF ILLINOIS | Other Service Provider | $11,834,173 | — | $11,834,173 |
| EXPRESS SCRIPTS | Other Service Provider | $1,341,556 | — | $1,341,556 |
| DELTA DENTAL OF ILLINOIS | Other Service Provider | $471,098 | — | $471,098 |
| WILLIS TOWERS WATSON U.S. LLC | Recordkeeper | $345,000 | — | $345,000 |
| ARTEMIS HEALTH | Other Service Provider | $194,873 | — | $194,873 |
| INSPIRA | Other Service Provider | $111,522 | — | $111,522 |
| GROOM LAW GROUP CHARTERED | ERISA Attorney | $54,976 | — | $54,976 |
| BUSINESS HEALTH CARE GROUP OF WI | Other Service Provider | $33,840 | — | $33,840 |
| HEALTH ADVOCATE SOLUTIONS, INC. | Other Service Provider | $20,751 | — | $20,751 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON U.S. LLC — Recordkeeper
- GROOM LAW GROUP CHARTERED — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,407,789
- Estimated Expense Ratio: 120.363% 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 | $34,184,536 | — | $32,897,973 | — | — |
| 2023 | $20,895,205 | — | $19,209,584 | — | — |
| 2022 | $7,578,392 | — | $5,999,963 | — | — |