401(k) Retirement Plan · Active
THE BANK OF AMERICA TRANSFERRED SAVINGS ACCOUNT PLAN
BANK OF AMERICA CORPORATION·EIN 560906609
3400 PAWTUCKET AVE., RI1-530-01-15 · RIVERSIDE, RI 029155298
Plan year
2024
Plan #
007
Industry
Filing ACK
202507291257…
Prospect flagsNo flags tripped
Summary metrics
Total assets (EOY)
$1120.7M
$140,032 per participant
Active participants
8,515
50.1% participation
Participation rate
50.1%
38th percentile
Annual return
16.86%
92nd percentile
Admin expense
0.00%
% of assets
Flag timeline
Issue history by plan year
Tripped years: 0Watched years: 0
2021
Clean
2022
Clean
2023
Clean
2024
Clean
CleanWatchedTripped (shade = count)
Section 02
How this plan compares
Peer groupIndustry55, Assets>$1B, Participants1,000-4,999, Snapshot2024
- Participant contribution$00th pctile
- Employer contribution$00th pctile
- Participation rate50.1%38th pctile
- Assets per participant$140,0320th pctile
- Expense efficiency$085th pctile
- Annual return16.86%92nd pctile
Overall peer rank
- Bottom quartile
- Mid
- Top quartile
Averaged across 6 normalized metrics within the selected peer group.
Fee trend
Fee trend vs peer
Less than 3 years of fee history available (0 on file)
Return trend
Section 03
10-year trajectory2021 - 2024
How plan year 2024 played out
Asset flow
+$49.94M
Start of year to end of year
Section 04
Asset composition
End-of-year allocation
Cash drag vs peers
Plan cash
0.3%
Peer average
1.8%
In line with peersPeer marker at 1.8%
Section 04
Service providers
Top 1 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS INST. OPS. CO. Service code 60 | Sub-TA Fees | $0 |
Section 05Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliancePension benefit codes2E2F2G2K2O2T3H
Section 05
Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliance
Pension benefit codes2E2F2G2K2O2T3H
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2OESOP other than a leveraged ESOPEmployee stock ownership plan that is not leveraged.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
- 3HControlled group memberPlan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
Contributions
Employer total$0
Participant total$0
Employer / P$0
Participant / P$0
Expenses
Admin expenses$0
Per participant$0.00
% of assets0.00%
Fidelity bond
Coverage amount$450,000,000
% of assets40.15%
Section 06
Other plans under this sponsor
Same EIN ·560906609