Bank of America Corporation
72
Plan:
9
74
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 14 point difference between this plan's BrightScope Rating (72) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
8 additional years of work Up to $61,600 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 401k Plan is a defined contribution plan with a profit-sharing component and 401k feature. This plan has a BrightScope Rating of 72. This plan is in the top 15% of plans for Investment Menu Quality and Total Plan Cost. The Bank of America 401k Plan currently has over 214,600 active participants and over $8.3B in plan assets.
Retirement Plan Details
| Address |
111 Westminster St., Ri1-102-04-05
Providence, RI 02903 |
| Industry | Offices of Bank Holding Companies |
| Administrator | Susan E. Kelly |
| Net Plan Assets | $8,320,000,000 |
| Total Participants | 210,000 |
| Avg Account Balance | $39,000 |
Compare Other Companies in Peer Group
| HSBC North America Holdings | 77.0 |
| Siemens | 75.0 |
| Cardinal Health | 74.2 |
| The Allstate | 72.5 |
| Capital One Financial | 71.5 |
| Geico | 64.4 |
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