2023 Form 5500 filing — Bank Of America Retiree Group Benefits Program
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240926145226NAL0000464835001) for Bank Of America Retiree Group Benefits Program, reported by Bank Of America Corporation under EIN 56-0906609 and plan number 502. It reports 65,979 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240926145226NAL0000464835001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Bank Of America Corporation
- EIN
- 56-0906609
- Plan number
- 502
- Location
- Charlotte, NC
- Participants
- 65,979
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $105,479,292
- Total liabilities (EOY)
- $16,015,348
- Net assets (EOY)
- $89,463,944
- Employer contributions
- $36,329,421
- Participant contributions
- $101,520,082
- Total income / additions
- $143,306,367
- Benefits paid
- $151,819,265
- Administrative expenses
- $3,056,101
- Total expenses
- $154,875,366
- Net increase / (decrease)
- -$11,568,999
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Silverscript Insurance Company | NONE | $1,959,357 | not reported in the loaded dataset |
| Aetna Life Insurance Company | NONE | $601,004 | not reported in the loaded dataset |
| Blue Cross Blue Shield Of Georgia | NONE | $399,535 | not reported in the loaded dataset |
| Cvs Pharmacy, Inc. | NONE | $53,774 | not reported in the loaded dataset |
| United Health Care Insurance Co. | NONE | $37,918 | not reported in the loaded dataset |