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 250,400 active participants and over $21.8B in plan assets.
Did you know?
For the average 401k participant, the 10 point difference between this plan's BrightScope Rating (80) and the top rated plan (90) could equate to:
8
Additional years of work
*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 12/31/2016 Plan data has been audited by an Independent Qualified Public Accountant (IQPA).Address
100 N. Tryon Street, Nc1-007-08-29
Benchmark your plan against others to achieve your business objectives.
Top Industry Articles
Deals & People
Invesco to Purchase OppenheimerFunds, Owned by MassMutual
Sources say this leading asset manager company will bring Invesco $248 billion in new client assets.
September 21, 2018
events
2018 PLANADVISER National Conference
November 29, 2017
Compliance
NYU Calls for Sanctions Against Workers, Attorneys
There are several bases on which the court could impose sanctions.
September 21, 2018
thought-leadership
Two Key Themes for DC Plans
For defined contribution (DC) plan participants, wealth accumulation has depended on both equities and fixed income. Yet fixed income will be ever more important in 2018 and beyond, in our view.
August 3, 2018
Deals & People
Retirement Industry People Moves
The Wagner Law Group Welcomes Attorneys Quinn and Burwick; Independent Retirement Hires Retirement Plan Consultant; SageView Hires Managing Director; and more.
Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves
