Bank of America Corporation
48
Plan:
41
70
88
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 40 point difference between this plan's BrightScope Rating (48) and the top rated plan (88) could equate to:
[How is this calculated?]
[How is this calculated?]
18 additional years of work Up to $239,400 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan and do not take into account other retirement plans and programs offered by this employer.
Retirement Plan Description
The Bank of America Transferred Savings Account Plan is a defined contribution plan with a profit-sharing component and ESOP component. This plan has a BrightScope Rating of 48. This plan is in the top 15% of plans for Total Plan Cost. The Bank of America Transferred Savings Account Plan currently has over 22,100 active participants and over $1.4B in plan assets.
Retirement Plan Details
| Address |
111 Westminster St., Ri1-102-04-05
Providence, RI 02903 |
| Industry | Commercial Banking |
| Administrator | Susan E. Kelly |
| Net Plan Assets | $1,370,000,000 |
| Total Participants | 22,000 |
| Avg Account Balance | $62,000 |
Compare Other Companies in Peer Group
| The Northern Trust Company | 76.7 |
| Comerica | 74.8 |
| Citizens Financial Group | 74.3 |
| Union Bank, N.A. | 73.2 |
| Fifth Third Bank | 72.2 |
| Regions Financial | 64.6 |
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