Retirement plan

EMPLOYEES' 401(K) SAVINGS PLAN OF BANK OF MONTREAL/HARRIS

Name: BMO FINANCIAL CORP. - EMPLOYEES' 401(K) SAVINGS PLAN OF BANK OF MONTREAL/HARRIS (2017) Form 5500
Creator: BMO FINANCIAL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEES' 401(K) SAVINGS PLAN OF BANK OF MONTREAL/HARRIS, BMO FINANCIAL CORP.

BMO FINANCIAL CORP.EIN 51-0275712Plan #001PY 2017

111 WEST MONROE STREET, 7 WEST - CHICAGO, IL 606034096312-461-6836LinkedIn1-10 employeesbanking

Other plans on this EIN

1 filing

#002Retirement-$1.20B assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed April 12, 2017

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.

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Total assets (EOY)

$1972.7M

+5.2% from 2018

Total participants

17,002

-14.1% from 2018

Average account balance

$102,601

+8.2% from 2018

Annual return

17.15%

+23.53 pp from 2018

Benchmarks

See 80 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort80 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$4.97B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$169K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

29,352

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$339.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$37

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
BLACKROCK1+ years Filed as: BLACKROCK INVESTMENTS, LLC Service code 28 · EIN 13-3806694	Investment Management	$612,860
BMO HARRIS BANK NA1+ years Filed as: BMO FINANCIAL CORP. Service code 28 · EIN 51-0275712	Investment Management	$338,856
THE BANK OF NEW YORK MELLON1+ years Filed as: MELLON CAPITAL MANAGEMENT Service code 28 201 WASHINGTON STREET · BOSTON, MA 02108	Investment Management	$265,294
LPL FINANCIAL1+ years Filed as: WADDELL & REED Service code 28 · EIN 51-0261715	Investment Management	$181,197
CONDUENT HR CONSULTING, LLC1+ years Filed as: CONDUENT Service code 15 · EIN 04-3609848	Recordkeeping	$132,111
DIMENSIONAL FUND ADVISORS1+ years Service code 28 · EIN 22-2370029	Investment Management	$97,689
THE BANK OF NEW YORK MELLON1+ years Filed as: MELLON GLOBAL SECURITIES SERVICES Service code 21 · EIN 13-5160382	Bank Trustee	$80,192
T ROWE PRICE RPS INC1+ years Filed as: T. ROWE PRICE Service code 28 · EIN 52-0556948	Investment Management	$79,652
MFS INVESTMENT MANAGEMENT1+ years Filed as: MFS INTERNATIONAL Service code 28 · EIN 80-0421379	Investment Management	$46,239
THE HARTFORD1+ years Filed as: HARTFORD FUNDS Service code 28 430 WEST 7TH STREET, SUITE 219060 · KANSAS CITY, MO 64105	Investment Management	$32,747

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.9M

$119 / participant

Investment mgmt$2M92.2%
Contract admin$132K6.9%
Other / not subdivided$17K0.9%

% of EOY assets

0.097%

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: GEORGE JOHNSON & COMPANY OF IL, LLC
Auditor EIN: 270475249
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,601

$112,134-8.5%

$149,721-31.5%

$80,976+26.7%

Participation rate

100.0%

87.3%+12.7pp

87.1%+12.9pp

68.3%+31.7pp

Annual return

17.15%

17.23%-0.1pp

1501.67%-1484.5pp

22.91%-5.8pp

Employer contribution / active EE

$5,278

$3,991+32.2%

$5,444-3.1%

$2,402+119.7%

Participant deferral / active EE

$5,835

$6,036-3.3%

$6,568-11.2%

$3,848+51.6%

Admin fee / account holder

$99

$109-9.1%

$11,282-99.1%

$67+47.1%

Provider

Service type

Compensation

BLACKROCK1+ years

Filed as: BLACKROCK INVESTMENTS, LLC

Service code 28 · EIN 13-3806694

Investment Management

$612,860

BMO HARRIS BANK NA1+ years

Filed as: BMO FINANCIAL CORP.

Service code 28 · EIN 51-0275712

Investment Management

$338,856

THE BANK OF NEW YORK MELLON1+ years

Filed as: MELLON CAPITAL MANAGEMENT

Service code 28

201 WASHINGTON STREET · BOSTON, MA 02108

Investment Management

$265,294

LPL FINANCIAL1+ years

Filed as: WADDELL & REED

Service code 28 · EIN 51-0261715

Investment Management

$181,197

CONDUENT HR CONSULTING, LLC1+ years

Filed as: CONDUENT

Service code 15 · EIN 04-3609848

Recordkeeping

$132,111

DIMENSIONAL FUND ADVISORS1+ years

Service code 28 · EIN 22-2370029

Investment Management

$97,689

THE BANK OF NEW YORK MELLON1+ years

Filed as: MELLON GLOBAL SECURITIES SERVICES

Service code 21 · EIN 13-5160382

Bank Trustee

$80,192

T ROWE PRICE RPS INC1+ years

Filed as: T. ROWE PRICE

Service code 28 · EIN 52-0556948

Investment Management

$79,652

MFS INVESTMENT MANAGEMENT1+ years

Filed as: MFS INTERNATIONAL

Service code 28 · EIN 80-0421379

Investment Management

$46,239

THE HARTFORD1+ years

Filed as: HARTFORD FUNDS

Service code 28

430 WEST 7TH STREET, SUITE 219060 · KANSAS CITY, MO 64105

Investment Management

$32,747

EMPLOYEES' 401(K) SAVINGS PLAN OF BANK OF MONTREAL/HARRIS

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEES' 401(K) SAVINGS PLAN OF BANK OF MONTREAL/HARRIS

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion