Bank of America Corporation
Form 5500 DataOverview
Plan Description
The Bank of America 401k Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 80. This plan is in the top 15% of plans for Company Generosity and Total Plan Cost. The Bank of America 401k Plan currently has over 279,200 active participants and over $19.4B in plan assets.
Did you know?
For the average 401k participant, the 12 point difference between this plan's BrightScope Rating (80) and the top rated plan (92) could equate to:
10
Additional years of work
35,689
Lost 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. How is this calculated?
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 12/31/2015
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 100 N. Tryon Street, Nc1-007-08-29
Plan data has been audited by an Independent Qualified Public Accountant (IQPA). Address 100 N. Tryon Street, Nc1-007-08-29
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LocationCharlotte , NC28255
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IndustryOffices of Bank Holding Companies
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AdministratorLynn Cooper
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Net Plan Assets$19,400,000,000
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Total Participants280,000
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Avg Account Balance$74,000
Plan Components
Component Ratings
Design
Total Plan Cost:
Lowest Fees
Company Generosity:
Great
Performance
Participation Rate:
Average
Salary Deferrals:
Above Average
Account Balance:
Above Average
Design
Total Plan Cost:
Low Fees
Company Generosity:
Above Average
Performance
Participation Rate:
Average
Salary Deferrals:
Average
Account Balance:
Below Avg.
Peer Group Plans
Company | Rating |
---|---|
Morgan Stanley Domestic Holdings | 84.3 |
Oracle | 82.7 |
Leidos | 81.4 |
Citigroup | 80.8 |
Wells Fargo & Company | 80.0 |
UnitedHealth Group | 72.0 |
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Investments
Largest Funds in this Plan | Allocation of Assets | 1 YR Rank in Category |
---|---|---|
Bank of America Corporation Common Stock | 13% |
N/A
|
Vanguard Institutional Index | 12% |
5%
|
BlackRock, Inc. Blackrock Lifepath Index | 11% |
N/A
|
|
100%
|
|
|
100%
|
|
|
100%
|
|
|
100%
|
View all funds in this plan
Providers
Plan Service Providers
SERVICE | PROVIDER |
---|---|
Recordkeeper
|
Fidelity
|
Recordkeeper
|
Bank of America Merrill Lynch
|
Corporate Trustee
|
Bank of America Merrill Lynch
|
Administration
|
Bank of America Merrill Lynch
|
Investment Adviser
|
Callan Associates
|
Legal Counsel
|
Kirkpatrick & Lockhart
|
Legal Counsel
|
McDermott Will & Emery
|
Auditor
|
Morris, Davis & Chan
|
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