Bank Of America Group Benefits Program — 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, Bank Of America Group Benefits Program is a benefit plan reported by Bank Of America Corporation under EIN 56-0906609 and plan number 501. The latest loaded filing year is 2023. The filing reports 177,189 participants and $429,484,427 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
- 501
- Plan type
- 2
- Location
- Riverside, RI
- Latest filing year
- 2023
- Participants
- 177,189
- End-of-year plan assets
- $429,484,427
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 177,189 | H, C | 20240926145428NAL0000937777001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $429,484,427
- Total liabilities (EOY)
- $297,955,176
- Net assets (EOY)
- $131,529,251
- Net assets (BOY)
- $160,569,029
Income & contributions
- Employer contributions
- $2,160,259,946
- Participant contributions
- $995,991,987
- Total contributions
- $3,156,251,933
- Total income / additions
- $3,169,723,659
Expenses & distributions
- Benefits paid
- $3,045,200,786
- Administrative expenses
- $153,562,651
- Total expenses
- $3,198,763,437
- Net increase / (decrease)
- -$29,039,778
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Blue Cross Blue Shield Of Georgia | NONE | $47,172,590 | not reported in the loaded dataset | 2023 |
| Well Dot, Inc. | NONE | $25,605,239 | not reported in the loaded dataset | 2023 |
| United Healthcare Insurance Co. | NONE | $22,847,688 | not reported in the loaded dataset | 2023 |
| Aetna Life Insurance Company | NONE | $19,084,883 | not reported in the loaded dataset | 2023 |
| Alight Solutions LLC | NONE | $12,225,630 | not reported in the loaded dataset | 2023 |
| Sedgwick Claims Management Services | NONE | $9,124,922 | not reported in the loaded dataset | 2023 |
| Cvs Pharmacy, Inc. | NONE | $6,225,087 | not reported in the loaded dataset | 2023 |
| Virgin Pulse, Inc | NONE | $3,983,226 | not reported in the loaded dataset | 2023 |
| Maven Clinic Co. | NONE | $3,326,300 | not reported in the loaded dataset | 2023 |
| Quest Diagnostics | NONE | $2,368,794 | not reported in the loaded dataset | 2023 |
| Merative Us L.P. | NONE | $863,981 | not reported in the loaded dataset | 2023 |
| Mercer Hr Consulting | NONE | $169,412 | not reported in the loaded dataset | 2023 |
| Health Strategy, LLC | NONE | $158,100 | not reported in the loaded dataset | 2023 |
| Silverscript Insurance Company | NONE | $106,215 | not reported in the loaded dataset | 2023 |
| Mcconnell & Jones Llp | NONE | $90,380 | not reported in the loaded dataset | 2023 |
| Bank Of America Retirement Services | INTERNAL BANK DEPT. | $85,258 | not reported in the loaded dataset | 2023 |
| Willis Towers Watson | NONE | $70,500 | not reported in the loaded dataset | 2023 |
| Bank Of America Personnel Center | INTERNAL BANK DEPT. | $21,911 | not reported in the loaded dataset | 2023 |
| Sun Life Assurance Co Of Canada | NONE | $11,154 | not reported in the loaded dataset | 2023 |
| Pricewaterhousecoopers Llp | NONE | $9,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Bank Of America Corporation
- 2023 Form 5500 filing
- Form 5500 filings in RI
- 401(k) and benefit plan filings in Riverside, RI
- Blue Cross Blue Shield Of Georgia — Schedule C compensation
- Well Dot, Inc. — Schedule C compensation
- United Healthcare Insurance Co. — Schedule C compensation
- Aetna Life Insurance Company — Schedule C compensation
- Alight Solutions LLC — Schedule C compensation
- Sedgwick Claims Management Services — Schedule C compensation
- Cvs Pharmacy, Inc. — Schedule C compensation
- Virgin Pulse, Inc — Schedule C compensation
- Maven Clinic Co. — Schedule C compensation
- Quest Diagnostics — Schedule C compensation
- Merative Us L.P. — Schedule C compensation
- Mercer Hr Consulting — Schedule C compensation
- Health Strategy, LLC — Schedule C compensation
- Silverscript Insurance Company — Schedule C compensation
- Mcconnell & Jones Llp — Schedule C compensation
- Bank Of America Retirement Services — Schedule C compensation
- Willis Towers Watson — Schedule C compensation
- Bank Of America Personnel Center — Schedule C compensation
- Sun Life Assurance Co Of Canada — Schedule C compensation
- Pricewaterhousecoopers Llp — Schedule C compensation