401(k) Retirement Plan · Active
THE BANK OF AMERICA PENSION PLAN
BANK OF AMERICA CORPORATION·EIN 560906609
3400 PAWTUCKET AVE., RI1-530-01-15 · RIVERSIDE, RI 029155298
Plan year
2024
Plan #
001
Industry
Filing ACK
202510071146…
Prospect flagsNo flags tripped
Summary metrics
Total assets (EOY)
$19041.2M
$0 per participant
Active participants
168,197
43.2% participation
Participation rate
43.2%
4th percentile
Annual return
4.38%
9th percentile
Admin expense
1.18%
% 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, Participants>=10,000, Snapshot2024
- Participant contribution$00th pctile
- Employer contribution$00th pctile
- Participation rate43.2%4th pctile
- Assets per participant$00th pctile
- Expense efficiency$1,3320th pctile
- Annual return4.38%9th pctile
Overall peer rank
- Bottom quartile
- Mid
- Top quartile
Averaged across 6 normalized metrics within the selected peer group.
Fee trend
Return trend
Section 03
10-year trajectory2021 - 2024
How plan year 2024 played out
Asset flow
-$147.99M
Start of year to end of year
Section 04
Asset composition
End-of-year allocation
Cash drag vs peers
Plan cash
3.4%
Peer average
0.4%
High vs peersPeer marker at 0.4%
Section 04
Service providers
Top 10 of 37 by compensation
| Provider | Service type | Compensation |
|---|---|---|
FIDELITY INVESTMENTS INST. OPS. CO. Service code 15 | Recordkeeping | $10,265,870 |
BRIDGEWATER ASSOCIATES Service code 28 | Investment Management | $5,500,256 |
CAMDEN ASSET MANAGEMENT, LP Service code 28 | Investment Management | $3,571,527 |
PIMCO LLC Service code 28 | Investment Management | $3,554,700 |
WESTERN ASSET MANAGEMENT COMPANY Service code 28 | Investment Management | $3,508,151 |
WILLIS TOWERS WATSON Service code 11 | Actuarial | $2,422,695 |
T. ROWE PRICE ASSOCIATES, INC. Service code 28 | Investment Management | $2,149,137 |
WILLIAM BLAIR INVESTMENT MANAGEMENT Service code 28 | Investment Management | $1,653,350 |
MONDRIAN INVESTMENT PARTNERS LTD Service code 28 | Investment Management | $1,436,835 |
NISA INVESTMENT ADVISORS Service code 28 | Investment Management | $1,250,000 |
Section 05Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliancePension benefit codes1A1C1I3H
Section 05
Plan features & details
ShowHide features, contributions, expenses, fidelity bond & compliance
Pension benefit codes1A1C1I3H
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
- 1IFrozen planAs of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
- 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$67,999,864
Per participant$1,331.71
% of assets0.36%
Fidelity bond
Coverage amount$450,000,000
% of assets2.36%Below ERISA §412 10% minimum
Section 06
Other plans under this sponsor
Same EIN ·560906609