Plan Snapshot
- Plan Sponsor: Bmo Financial Corp.
- Sponsor EIN: 510275712
- Sponsor Address: 320 SOUTH CANAL STREET, CHICAGO, IL, 606065707
- Plan Type: Health & Welfare
- Plan Number: 508
- Total Participants: 3,498
- Total Assets: $74.0M
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 | 3,498 | $74.0M | $0 | $1.3M |
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 |
|---|---|---|---|---|
| GROOM LAW GROUP CHARTERED | ERISA Attorney | $151,524 | — | $151,524 |
| BLUE CROSS BLUE SHIELD OF ILLINOIS | Other Service Provider | $71,570 | — | $71,570 |
| WILLIS TOWERS WATSON U.S. LLC | Recordkeeper | $42,802 | — | $42,802 |
| UMR, INC. | Other Service Provider | $39,936 | — | $39,936 |
| EXPRESS SCRIPTS | Other Service Provider | $7,593 | — | $7,593 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GROOM LAW GROUP CHARTERED — ERISA Attorney
- WILLIS TOWERS WATSON U.S. LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $313,425
- Estimated Expense Ratio: 0.424% 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 | $2,877,459 | — | — | — | — |