Employer · plans filed under one EIN
Bank of America Corporation
Charlotte, NC · Management of companies (holding companies)
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
3 retirement plans with 100 or more participants file Form 5500 under Bank of America Corporation's employer identification number (Charlotte, North Carolina). Their latest filings total 423,106 participant records and $90.2B in net assets.
The largest is The Bank of America 401(k) Plan, an ESOP with a 401(k) feature with 246,394 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $1.29B and participant contributions $1.69B in the latest plan years; benefits paid were $5.92B. Schedule C compensation reported to service provider organisations totalled $48.5M.
Combined net assets moved from $17.3B in 2009 to $71.5B in 2025 (up 313%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| The Bank of America 401(k) Plan | ESOP with a 401(k) feature | 2025 | 246,394 | $71.5B | $290,173 | $7,748 | $0 |
| The Bank of America Pension Plan | cash balance pension plan | 2024 | 168,197 | $17.6B | $104,622 | — | $48.5M |
| The Bank of America Transferred Savings Account Plan | employee stock ownership plan | 2024 | 8,515 | $1.12B | $131,612 | — | $0 |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2025 | 1 | 246,394 | $71.5B | $1.29B | $1.69B |
| 2024 | 3 | 426,752 | $81.6B | $1.29B | $1.64B |
| 2023 | 3 | 445,644 | $73.5B | $1.25B | $1.62B |
| 2022 | 3 | 474,699 | $65.3B | $1.20B | $1.54B |
| 2021 | 3 | 492,781 | $81.4B | $1.20B | $1.47B |
| 2020 | 3 | 505,999 | $72.3B | $1.17B | $1.40B |
| 2019 | 3 | 521,489 | $65.9B | $1.09B | $1.29B |
| 2018 | 3 | 538,983 | $55.2B | $934M | $945M |
| 2017 | 3 | 529,402 | $47.5B | $792M | $889M |
| 2016 | 3 | 542,900 | $41.5B | $763M | $840M |
| 2015 | 3 | 585,663 | $38.9B | $774M | $904M |
| 2014 | 3 | 565,170 | $40.0B | $773M | $874M |
| 2013 | 3 | 656,723 | $38.4B | $751M | $794M |
| 2012 | 3 | 486,151 | $20.1B | $451M | $648M |
| 2011 | 3 | 500,473 | $17.5B | $338M | $644M |
| 2010 | 3 | 484,465 | $18.8B | $307M | $585M |
| 2009 | 3 | 470,597 | $17.3B | $271M | $495M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Fidelity Investments Inst. Ops. Co. | Recordkeeping and information management | 2 | $10,265,870 |
| Bridgewater Associates | Investment management | 1 | $5,500,256 |
| Camden Asset Management, LP | Investment management | 1 | $3,571,527 |
| Pimco LLC | Investment management | 1 | $3,554,700 |
| Western Asset Management Company | Investment management | 1 | $3,508,151 |
| Willis Towers Watson | Actuarial; Consulting (pension) | 1 | $2,422,695 |
| T. Rowe Price Associates, Inc. | Investment management | 1 | $2,149,137 |
| William Blair Investment Management | Investment management | 1 | $1,653,350 |
| Mondrian Investment Partners Ltd. | Investment management | 1 | $1,436,835 |
| Nisa Investment Advisors | Investment management | 1 | $1,250,000 |
| Fidelity Instl Asset MGMT TR Co. | Investment management | 1 | $1,105,597 |
| Dodge & Cox | Investment management | 1 | $1,042,965 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Bank of America Corporation have?
3 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: The Bank of America 401(k) Plan, The Bank of America Pension Plan and The Bank of America Transferred Savings Account Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Bank of America Corporation contribute to its plans?
$1,287,347,383 in employer contributions across these plans in their latest plan years, about $5,821 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Fidelity Investments Inst. Ops. Co., Bridgewater Associates, Camden Asset Management, LP and Pimco LLC and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.