PlanOptica
Retirement plan

THE BANK OF AMERICA PENSION PLAN

BANK OF AMERICA CORPORATIONEIN 56-0906609Plan #001PY 2016
Sign in to saveView 5500 PDF
100 N. TRYON STREET, NC1-007-08-29 - CHARLOTTE, NC 28255800-556-6044
Other plans on this EIN
3 filings
#003Retirement-$22.12B assets#011Retirement-$10.03B assets#007Retirement-$1.14B assets
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
SUSAN E. KELLY
Signed 10/05/2017
(800) 556-6044
Plan administrator entity
BANK OF AMERICA CORPORATION CORPORATE BENEFITS COMMITTEE
EIN 560906609
How to read this page

Summary metrics

Total assets (EOY)
$20247.3M
-3.9% from 2016
Total participants
277,618
+4.5% from 2016
Average account balance
$0
No prior year
Annual return
8.19%
-6.68 pp from 2016

Benchmarks

See 244 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort244 peers
Snapshot2016
Participant deferral / active EE
$0
median $34
Employer contribution / active EE
$0
median $6,216
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $40,289
Admin fee / account holder
$0
median $312
Annual return
8.19%
median 6.89%
Overall peer rank
76th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$19.04B
Average account balance
Total assets / participants with a balance (line 6g)
$113K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
117,135
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+4.38%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 45 by compensation
ProviderService typeCompensation
FIDELITY INVESTMENTS INST. OPS. CO.2+ years
Service code 15 · EIN 04-2647786
Recordkeeping
$13,562,043
BRIDGEWATER ASSOCIATES2+ years
Service code 28 · EIN 27-1437501
Investment Management
$5,379,430
CAMDEN ASSET MANAGEMENT, LP2+ years
Service code 28 · EIN 95-4319164
Investment Management
$3,806,046
PIMCO LLC2+ years
Service code 28 · EIN 33-0629048
Investment Management
$3,315,615
T. ROWE PRICE ASSOCIATES, INC.2+ years
Service code 28 · EIN 52-0556948
Investment Management
$3,010,095
WESTERN ASSET MANAGEMENT COMPANY2+ years
Service code 28 · EIN 95-2705767
Investment Management
$2,769,774
WILLIAM BLAIR INVESTMENT MANAGEMENT2+ years
Service code 28 · EIN 47-2614791
Investment Management
$2,284,531
STATE STREET GLOBAL ADVISORS2+ years
Service code 18 · EIN 04-1867445
Direct payment from the plan; Investm...
$2,050,039
WILLIS TOWERS WATSON1 year
Service code 11 · EIN 53-0181291
Actuarial
$2,022,193
MONDRIAN INVESTMENT PARTNERS, INC.1 year
Service code 28 · EIN 56-2475917
Investment Management
$1,936,106

Enrolled actuary

1 attachment
SB

HORACE JONES

TOWERS WATSON DELAWARE, INC.
Enrollment #1707605
5 CONCOURSE PARKWAY, 18TH FLOOR
ATLANTA, GA 30328
(678) 684-0599

Top hat statement on fileNQDC

Filed March 10, 2005 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A1C1I3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A 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).
  • 1I
    Frozen plan
    As 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.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$81.8M
$932 / participant
  • Investment mgmt$46M56.0%
  • Contract admin$14M16.6%
  • Other / not subdivided$22M27.4%
% of EOY assets
0.404%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
MORRIS DAVIS CHAN & TAN LLP
Auditor EIN
942214860
Audit fees
(not subdivided)
Opinion code
Unqualified