Assets by plan
Share of aggregate retirement assets
Sponsor portfolioTH
BANK OF AMERICA CORPORATION
EIN 56-0906609Management of Companies and EnterprisesLatest filing 2024
Plans
5
Retirement
3
$83.06B assets
Welfare
2
$531.2M premiums
Participants
659,468
3400 PAWTUCKET AVE., RI1-530-01-15 - RIVERSIDE, RI 029155298800-556-6044
Retirement portfolio analytics
3 plans aggregated / $83.06B assets / 426,752 participantsRecordkeeper share
DC plan assets by Schedule C recordkeeper
77%top
- (Not disclosed)77%
- FIDELITY INVESTMENTS INSTITUTIONAL23%
Participants by plan
Active + retired + deferred vested
- OF AMERICA 401(K) (#003)250,040
- OF AMERICA PENSION (#001)168,197
Benefits portfolio analytics
2 plans / $531.2M premiums / 307,478 covered livesCoverage by line
Premium dollars by benefit type (bundled lines overlap)
- Dental$185.4M
- Health$147.3M
- Other$143.3M
- Life$133.4M
- Prescription drug$118.3M
- Long-term disability$60.0M
- +1 more
Carrier market share
Premium dollars by Schedule A carrier
68%top
- METROPOLITAN LIFE INSURANCE COMPANY68%
- KAISER FOUNDATION HEALTH PLAN INC22%
- AETNA LIFE INSURANCE COMPANY6%
- UNITEDHEALTHCARE INSURANCE COMPANY3%
- BLUE CROSS OF CALIFORNIA1%
- +3 more
Broker market share
Schedule A broker compensation
40%top
- WILLIS TOWERS WATSON US LLC40%
- MARSH & MCLENNAN AGENCY LLC40%
- ALIGHT SOLUTIONS20%
Plan deep-dives
Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.Retirement#003
THE BANK OF AMERICA 401(K) PLAN
ESOP
Assets$62.90B
Participants250,040
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#001
THE BANK OF AMERICA PENSION PLAN
CashBalance
Assets$19.04B
Participants168,197
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#007
THE BANK OF AMERICA TRANSFERRED SAVINGS ACCOUNT PLAN
ESOP
Assets$1.12B
Participants8,515
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501
BANK OF AMERICA GROUP BENEFITS PROGRAM
Mixed - METROPOLITAN LIFE INSURANCE COMPANY
Premiums$477.0M
Covered lives262,911
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Welfare#502
BANK OF AMERICA RETIREE GROUP BENEFITS PROGRAM
Fully Insured - SIERRA HEALTH AND LIFE INSURANCE COMPANY, INC.
Premiums$54.2M
Covered lives44,567
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive
Retirement plans3
| Plan # | Name | Type | Assets | Participants | Latest year | |
|---|---|---|---|---|---|---|
| 003 | THE BANK OF AMERICA 401(K) PLAN | ESOP | $62.90B | 250,040 | 2024 | |
| 001 | THE BANK OF AMERICA PENSION PLAN | CashBalance | $19.04B | 168,197 | 2024 | |
| 007 | THE BANK OF AMERICA TRANSFERRED SAVINGS ACCOUNT PLAN | ESOP | $1.12B | 8,515 | 2024 |
Welfare plans2
| Plan # | Name | Funding | Carrier | Premiums | Covered | Latest year | |
|---|---|---|---|---|---|---|---|
| 501 | BANK OF AMERICA GROUP BENEFITS PROGRAM | Mixed | METROPOLITAN LIFE INSURANCE COMPANY | $477.0M | 262,911 | 2024 | |
| 502 | BANK OF AMERICA RETIREE GROUP BENEFITS PROGRAM | Fully Insured | SIERRA HEALTH AND LIFE INSURANCE COMPANY, INC. | $54.2M | 44,567 | 2024 |
Retirement plans
Welfare plans