# Bmo Financial Corp. 401(k) Plan
Source: https://planprovider.pro/companies/bmo-financial-corp-510275712-507

> Bmo Financial Corp.'s 401(k) plan: 19,704 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lincoln-financial-group) — Recordkeeper

- [GROOM LAW GROUP CHARTERED](https://planprovider.pro/provider/groom-law-group) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/bmo-financial-corp-510275712-507)

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