The Bank Of America 401(K) Plan — Form 5500 plan (Bank Of America Corporation)
Plain-English plan 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, The Bank Of America 401(K) Plan is a benefit plan reported by Bank Of America Corporation under EIN 56-0906609 and plan number 003. The latest loaded filing year is 2023. The filing reports 263,860 participants and $54,848,846,192 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Bank Of America Corporation
- EIN
- 56-0906609
- Plan number
- 003
- Plan type
- 2
- Location
- Charlotte, NC
- Latest filing year
- 2023
- Participants
- 263,860
- End-of-year plan assets
- $54,848,846,192
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 263,860 | H | 20240717090659NAL0002379907001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $54,848,846,192
- Total liabilities (EOY)
- $9,249,637
- Net assets (EOY)
- $54,839,596,555
- Net assets (BOY)
- $47,128,438,687
Income & contributions
- Employer contributions
- $1,253,316,447
- Participant contributions
- $1,620,806,733
- Total contributions
- $2,984,866,960
- Total income / additions
- $11,085,783,545
Expenses & distributions
- Benefits paid
- $3,374,625,677
- Administrative expenses
- $0
- Total expenses
- $3,374,625,677
- Net increase / (decrease)
- $7,711,157,868
Service provider compensation (Schedule C)
No Schedule C service provider compensation is loaded for this plan yet.