Retirement plan
MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN
BANK OF AMERICA CORPORATIONEIN 56-0906609Plan #011PY 2015
100 N. TRYON STREET, NC1-007-08-29 - CHARLOTTE, NC 28255800-556-6044
Other plans on this EIN
3 filingsProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordPlan administrator entity
BANK OF AMERICA CORPORATION CORPORATE BENEFITS COMMITTEE
EIN 560906609
(800) 457-5700Summary metrics
Total assets (EOY)
$9059.3M
-9.7% from 2016
Total participants
39,502
+7.2% from 2016
Average account balance
$232,856
-15.2% from 2016
Annual return
-0.60%
-12.29 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined contribution
Participants>=10,000
Cohort908 peers
Snapshot2015
93
Participant deferral / active EE
$13,048
median $2,706
92
Employer contribution / active EE
$11,101
median $1,385
86
Participation rate
97.6%
median 76.6%
97
Avg account balance
$232,856
median $50,732
60
Admin fee / account holder
$29
median $43
22
Annual return
-0.60%
median 0.73%
Overall peer rank
75of 100
75th percentileavg across 6 metrics
Analytics
2015 - 2018
Total assets (EOY)
Plan-year ending balance
$10.78B
Average account balance
Total assets / participants with a balance (line 6g)
$340K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
34,855
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.2%
Contributions (total)
Employer and participant dollars contributed each year
$417.68M
Contributions per participant
Average employer and participant contribution per enrolled participant
$26K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-6.04%
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 7 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 13-5674085 | Recordkeeping | $565,164 |
Service code 14 · EIN 56-0906609 | Plan Administrator | $172,011 |
BELLWETHER CONSULTING1+ years Service code 27 · EIN 22-3784192 | Advisory (Plan) | $150,000 |
MORRIS DAVIS CHAN & TAN LLP1+ years Service code 10 · EIN 94-2214860 | Accounting | $98,300 |
BANK OF AMERICA PERSONNEL CENTER1+ years Service code 14 · EIN 56-0906609 | Plan Administrator | $79,568 |
CERIDIAN BENEFIT SERVICES, INC.1+ years Service code 49 · EIN 59-3424469 | Other Services | $55,349 |
K & L GATES, LLP1+ years Service code 29 · EIN 25-0921018 | Legal | $20,992 |
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.
Plan features & details
Pension benefit codes2E2F2G2J2K2O2T3H3J
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.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 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)).
- 3JU.S.-based Puerto Rico dual-qualified planU.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Expense breakdown
Schedule H Part II
Admin total
$1.1M
$47 / participant
- Investment mgmt$150K13.1%
- Contract admin$621K54.4%
- Other / not subdivided$371K32.5%
% of EOY assets
0.013%
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