Bank of America
custodian51 known aliases resolved via the canonical alias map
Market position · 2024
Plans served260+7 YoYRank #82 of mapped providers
Assets under administration$85.5B0.1%Market share · rank #167
Fees received$24MMedian $37,556/planSum across Schedule C direct + indirect
Net wins YoY+944 won · 35 lostPlan-level switch detection
Plans served · 5-year trajectory
Market-share plans percent annotated. Bar height is raw plan count.
Customer-base shape
What does a typical Bank of America plan look like?
Service mix · median fees per plan
Count of plans where Bank of America ships each service code, and the median compensation they report under it.
| Service | Plans | Median fees | Distribution |
|---|---|---|---|
Trustee (bank, trust company, or similar financial institution); Trustee (directed); Direct payment from the planCode 21 | 87 | $45,220 | |
Investment management; Securities brokerage commissions and fees; Direct payment from the plan; Float revenue; Investment advisory (plan)Code 27 | 51 | $27,220 | |
Trustee (discretionary); Custodial (securities)Code 19 | 26 | $31,994 | |
Investment management; Float revenue; Investment management fees paid directly by planCode 28 | 22 | $84,325 | |
Investment advisory (plan); Insurance brokerage commissions and fees; Consulting (general)Code 16 | 17 | $35,573 | |
Investment management fees paid directly by plan; Investment management; Custodial (other than securities)Code 18 | 11 | $10,298 | |
Trustee (bank, trust company, or similar financial institution); Recordkeeping and information management (computing, tabulating, data processing, etc.)Code 15 | 7 | $71,780 | |
Trustee (directed); Investment managementCode 25 | 7 | $80,003 |
Competitor overlap
Percent of Bank of America's plans that also list each competitor on Schedule C. High numbers = co-living partners; low numbers = direct displacement targets.
Plans won in 2024
Appeared this year; did not appear last year under Bank of America.
| Sponsor | From | Assets |
|---|---|---|
NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATIONVA · 520741336-333 | FORVIS | $2.5B |
PENSION BD OF THE GENERAL PENSION PLAN OF THE INT'L UNION OF OPERATINGDC · 526124299-001 | CAROL SKOPP | $1.2B |
BOMBARDIER AEROSPACE (HOLDINGS) USA INC.KS · 475222722-008 | LifeWorks | $498M |
STURDY MEMORIAL HOSPITAL INCMA · 042768252-001 | Wasatch Advisors | $410M |
FIRST BRANDS GROUP, LLCOH · 462872032-002 | Fidelity Investments | $303M |
BOARD OF TRUSTEES OF U.A. LOCAL NO. 159 PENSION TRUSTCA · 942859426-001 | Health Services & Benefit Administration | $125M |
THE ART INSTITUTE OF CHICAGOIL · 362167725-001 | Wellington Trust Company | $124M |
TRUSTEES OF PLUMBERS LOCAL 773 PENSION PLANNY · 237114547-001 | Atalanta Sosnoff | $103M |
ANYWHERE REAL ESTATE GROUP LLCNJ · 204381990-004 | Prudential Retirement Insurance & Annuity Co. | $80M |
CARPENTER TECHNOLOGY CORPORATIONPA · 230458500-002 | Baker Tilly US, LLP | $79M |
Plans lost in 2024
Appeared last year under Bank of America; not this year.
| Sponsor | To | Assets |
|---|---|---|
BOARD OF TRUSTEES OF THE CPF OF THE IUOE AND PARTICIPATING EMPLOYERSDC · 366052390-001 | Vitech Systems Sub LLC | $23.5B |
INTERMOUNTAIN HEALTH CARE, INC.UT · 870269232-002 | Pentegra Retirement Services Inc. | $6.0B |
NORDSTROM, INC.WA · 910515058-001 | Alight | $3.9B |
UFCW UNION LOCAL 919 & CONTRIBUTING EMPL PENSIONCT · 061065206-001 | Siguler Guff | $450M |
HIGHMARK WESTERN AND NORTHEASTERN NEW YORK INC.PA · 161105741-002 | HOOKER & HOLCOMBE | $137M |
O & G INDUSTRIES, INC.CT · 060479981-003 | (new plan) | $93M |
CONNECTICUT CHILDREN'S MEDICAL CENTERCT · 060646755-001 | (new plan) | $89M |
ASSOCIATION OF AMERICAN RAILROADSDC · 536000125-001 | Sun Life Investment Management | $80M |
TECH-ETCH, INC.MA · 042324804-001 | T. Rowe Price | $56M |
FLORIDA PUBLIC UTILITIES COMPANYDE · 590539080-001 | Fiducient Advisors | $49M |
Top plans by assets
Searchable full list lands with the commercial layer.
| Plan | Assets | Participants | Fees | Tenure | Flags |
|---|---|---|---|---|---|
BANK OF AMERICA CORPORATIONRI · 560906609-001 | $19.0B | 168,197 | $708,994 | 10y | - |
GENERAL ELECTRIC COMPANY, OPERATING AS GE AEROSPACEOH · 140689340-333 | $19.0B | 118,868 | $250,564 | 4y | - |
ROPCOR, INC.NY · 611399608-001 | $8.9B | 51,368 | $22,776 | 1y | - |
TRUSTEES OF I.B. OF T. UNION LOCAL 710 PENSION FUNDIL · 362377656-001 | $4.5B | 21,566 | $49,454 | 10y | - |
NORTHWELL HEALTH, INC.NY · 113418133-006 | $2.8B | 42,096 | $3,495 | 2y | - |
NATIONAL TELECOMMUNICATIONS COOPERATIVE ASSOCIATIONVA · 520741336-333 | $2.5B | 15,848 | $8,457 | 1y | - |
B OF T, NORTHWEST SHEET METAL WORKERS PENSION PLANOR · 916061344-001 | $1.7B | 9,374 | $36,016 | 10y | - |
J.B. HUNT TRANSPORT SERVICES, INC.AR · 710335111-001 | $1.4B | 38,485 | $2M | 10y | - |
NORTH ATLANTIC STATES CARPENTERS ANNUITY PLANCT · 061308364-001 | $1.3B | 27,161 | $229,549 | 8y | - |
PENSION BD OF THE GENERAL PENSION PLAN OF THE INT'L UNION OF OPERATINGDC · 526124299-001 | $1.2B | 6,844 | $25,687 | 3y | - |
Flag exposure
91.9%Market: 89.1%
This provider
Market baseline
Share of this provider's plans tripping any deterministic red flag this year. Lower than market baseline = better risk surface.
Aliases resolved (51)
Raw Schedule C names collapsed into Bank of America.
- AMERICAN FUNDS WASHINGTON MUTUAL
- AMERIMAR ENTERPRISES, INC
- AMERIORISE FINANCIAL SERVICES
- AMERIPRHISE FINANCIAL SERVICES INC.
- AMERIPRISE (COLUMBIA THREADNEEDLE)
- AMERIPRISE FIANCIAL SERVICES, INC.
- AMERIPRISE FINAINCIAL SERVICES
- AMERIPRISE FINANACIAL SVCS INC-205
- AMERIPRISE FINANC
- ASB ALLEGIENCE REAL ESTATE
- ASB ALLIANCE REAL ESTATE FUND
- ASCENA RETAIL GRP, INC.
- ASCENCUS
- B OF A MERRIL LYNCH
- B OF A MERRILL LYNCH
- BANK OF AMERICA
- BANK OF AMERICA 94-1687665
- BANK OF AMERICA CORP
- BANK OF AMERICA CORP.
- BANK OF AMERICA CORPORATION
- BANK OF AMERICA FEES
- BANK OF AMERICA MERILL LYNCH
- BANK OF AMERICA MERRILL LUNCH
- BANK OF AMERICA MERRILL LYNCH
- BANK OF AMERICA N. A.
Book composition by plan size
Bars stack to total plans served; segments use the same asset cutoffs as the /plans size filter. Up-and-to-the-right on the bigger segments = moving up-market.
Under $5M$5-50M$50-250M$250M-1B$1B+
Compliance posture vs market
Per-flag share for Bank of America's book against the same flag's overall prevalence across all filings. Negative delta = under-indexed (cleaner book); positive = elevated risk surface.
| Flag | Plans flagged | Provider % | Market % | Delta |
|---|---|---|---|---|
| Recently terminated | 11 | 4.23% | 7.76% | -3.53 pp |
| Fidelity bond gap | 5 | 1.92% | 26.94% | -25.02 pp |
| Late contributions | 23 | 8.85% | 1.71% | +7.13 pp |
| Failed to provide benefit | 0 | 0.00% | 0.14% | -0.14 pp |
| Corrective distributions | 13 | 5.00% | 1.76% | +3.24 pp |
| Loss discovered | 0 | 0.00% | 0.00% | -0.00 pp |
New-plan formation share
Share of plans filing for the first time each year that landed with Bank of America. Compare to the incumbent market share (0.4%) - higher = winning new business, lower = coasting on existing relationships.
0.0%-0.4 pp vs incumbent
Frequent partners by role
Who else shows up on Bank of America's plans most often. Switch tabs by counterparty role - high-overlap names are either referral channels (advisors, auditors) or competitive blocks (other recordkeepers).
| Partner | Shared plans | % of book |
|---|---|---|
| WTW | 33 | 12.7% |
| Columbia Investment Management | 20 | 7.7% |
| Milliman | 18 | 6.9% |
| Aon | 16 | 6.2% |
| Loomis Sayles | 16 | 6.2% |
| Mercer | 15 | 5.8% |
| The Segal Company | 13 | 5.0% |
| USI Consulting Group | 12 | 4.6% |
| Allspring Global Investments | 9 | 3.5% |
| MFS Investment Management | 8 | 3.1% |
Geographic penetration index
(Provider plans in state / state plans) divided by the provider's overall share of the market. Index 1.00 = average; > 1 = over-indexed (winning more than their fair share); < 1 = under-indexed (white space).