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: 511
- Total Participants: 19,672
- Total Assets: $72,409
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 | 19,672 | $72,409 | $12.4M | $0 |
| 2023 | 20,258 | $119,919 | $16.9M | $0 |
| 2022 | 13,242 | $48,201 | $9.2M | $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 |
|---|---|---|---|---|
| CONDUENT | Other Service Provider | $134,360 | — | $134,360 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,360
- Estimated Expense Ratio: 185.557% 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 | $135,939 | — | $134,360 | — | — |
| 2023 | $153,432 | — | $151,767 | — | — |
| 2022 | $135,587 | — | $133,864 | — | — |