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Retirement plan

MERRILL LYNCH & CO., INC. 401(K) SAVINGS & INVESTMENT PLAN

BANK OF AMERICA CORPORATIONEIN 56-0906609Plan #011PY 2018
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401 N. TRYON STREET, NC1-021-08-03 - CHARLOTTE, NC 28255800-556-6044
Other plans on this EIN
3 filings
#003Retirement-$35.92B assets#001Retirement-$19.97B assets#007Retirement-$1.08B assets
Prospect flagsRecently cancelled planWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
CHERYL LYNN H. COOPER
Signed 09/20/2019
(800) 556-6044
Plan administrator entity
BANK OF AMERICA CORPORATION CORPORATE BENEFITS COMMITTEE
EIN 560906609
(800) 457-5700
How to read this page

Summary metrics

Total assets (EOY)
$10777.3M
-9.7% from 2016
Total participants
0
+7.2% from 2016
Average account balance
$0
-15.2% from 2016
Annual return
-6.04%
-12.29 pp from 2016

Benchmarks

See 935 peers
Peer group
Industry55 - Management of Companies and Enterprises
Plan typeDefined contribution
Participants<25
Cohort935 peers
Snapshot2018
Participant deferral / active EE
$0
median $5,641
Employer contribution / active EE
$0
median $2,310
Participation rate
0.0%
median 100.0%
Avg account balance
$0
median $73,531
Admin fee / account holder
$0
median $614
Annual return
-6.04%
median -5.66%
Overall peer rank
40th 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 4 by compensation
ProviderService typeCompensation
MERRILL LYNCH PIERCE FENNER & SMITH4+ years
Service code 15 · EIN 13-5674085
Recordkeeping
$776,781
BANK OF AMERICA RETIREMENT SERVICES4+ years
Service code 14 · EIN 56-0906609
Plan Administrator
$216,527
BANK OF AMERICA PERSONNEL CENTER4+ years
Service code 14 · EIN 56-0906609
Plan Administrator
$106,285
MORRIS DAVIS CHAN & TAN LLP4+ years
Service code 10 · EIN 94-2214860
Accounting
$101,200

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 codes2E2F2G2J2K2O2S2T3H3J
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
  • 3J
    U.S.-based Puerto Rico dual-qualified plan
    U.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

2 tripped
  • 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.

  • InformationalRecently cancelled plan

    Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II
Admin total
$1.2M
  • Contract admin$777K64.4%
  • Other / not subdivided$429K35.6%
% of EOY assets
0.011%
all-in expense ratio
Categories reported
1 / 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