Providers › Trustee and custodial
Service provider · Schedule C, plan year 2024
Bank of America
Most often reported for trustee and custodial
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. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
Bank of America is named as a service provider on the Schedule C of 149 retirement plans with 100 or more participants for plan year 2024, covering 422,961 participant records. Most often it is reported for trustee and custodial.
Reported compensation from those plans, direct and indirect, totalled $13.8M. Per plan, the median was $63.66 per participant, with the middle half of plans between $23.93 and $174. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in New York (27), New Jersey (18) and Connecticut (12).
In 2009 it appeared on 431 such filings; in 2024, 153 (down 65%). Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $23.93 | $63.66 | $174 |
| Compensation as a share of plan net assets | 0.04% | 0.08% | 0.26% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| GE Aerospace Pension Plan | General Electric Company, Operating As GE Aerospace | OH | 118,868 | $19.0B | $251K |
| GE Energy Pension Plan | Ropcor, Inc. | NY | 51,368 | $8.92B | $23K |
| North Atlantic States Carpenters Annuity Plan | North Atlantic States Carpenters Annuity Plan | CT | 27,161 | $1.34B | $230K |
| Western Metal Industry Pension Plan | Board of Trustees, Western Metal Industry Pension Plan | WA | 13,512 | $1.05B | $22K |
| RPM International Inc. Retirement Plan | RPM International Inc. | OH | 10,347 | $809M | $68K |
| Unite Here! Local 54 Severance Fund | Jt. Bd. of Trustees of the Unite Here! Local 54 | NJ | 9,882 | $40.6M | $17K |
| First Brands Group 401(k) Plan | First Brands Group, LLC | OH | 9,390 | $303M | $39K |
| Federal-Mogul Pension Plan | Federal-Mogul Powertrain LLC | MI | 9,003 | $500M | $313K |
| Pfizer Consolidated Pension Plan for Employees Resident in Puerto Rico | Viatris Pharmaceuticals LLC | PA | 7,954 | $604M | $61K |
| Ironworkers District Council of the Pacific NW Field Ironworkers Annuity Trust Fund | Ironworkers District Council of the Paci Field Ironworkers Annuity Tru | WA | 7,937 | $589M | $5,319 |
| Automotive Machinists Pension Plan | Automotive Machinists Pension Trust | WA | 7,159 | $843M | $13K |
| The General Pension Plan of the International Union of Operating Engineers | Pension BD of the General Pension Plan of the Int'l Union of Operating | DC | 6,844 | $1.21B | $26K |
| Steamfitters Local 602 Retirement Savings Plan Savings Plan | Board of Trustees - Steamfitters Local 602 Retirement Savings Plan | MD | 6,127 | $522M | $0 |
| Local 91 Pension Fund | Local 91 Pension Fund Board of Trustees | NY | 4,783 | $180M | $35K |
| Curtiss Wright Corporation Retirement Plan | Curtiss Wright Corporation | NJ | 4,499 | $873M | $729K |
| Cemex, Inc. Pension Plan | Cemex, Inc. | TX | 3,567 | $9.5M | $36K |
| Clopay Ames Pension Plan | The Ames Companies, Inc. | FL | 3,527 | $132M | $147K |
| United Food & Commercial Workers Union Local 880 Mercantile Employers Joint Pension Fund | United Food & Commercial Workers Union Local 880 - Mercantile | OH | 3,101 | $49.9M | $3,574 |
| Interhealth Corp. Retirement Plan | Pih Health | CA | 2,995 | $113M | $54K |
| Sturdy Memorial Hospital Inc. Retirement Plan | Sturdy Memorial Hospital Inc. | MA | 2,962 | $409M | $95K |
| Retirement Plan of Murphy Oil Corporation | Murphy Oil Corporation | TX | 2,852 | $397M | $76K |
| Butcher and Provision Workers Pension Fund of Southern California | Board of Trustees, Butcher and Provision Workers | AZ | 2,703 | −$13.6M | $12K |
| Carpenter Co. Profit-Sharing Plan | Carpenter Co. | VA | 2,539 | $348M | $63K |
| Acuity Brands, Inc. Pension Plan | Acuity Brands, Inc. | GA | 2,512 | $68.0M | $246K |
| St. Joseph Health Services of Rhode Island Retirement Plan | Stephen del Sesto, Receiver | RI | 2,462 | $34.7M | $27K |
| Tronox Incorporated Retirement Plan | Tronox Incorporated | CT | 2,439 | $171M | $428K |
| Conmed Corporation Retirement Pension Plan | Conmed Corporation | FL | 2,209 | $65.7M | $67K |
| Retirement Plan for Employees of South Nassau Communities Hospital | Mount Sinai South Nassau | NY | 2,162 | $131M | $73K |
| Pension Plan of Tallahassee Memorial Healthcare, Inc. | Tallahassee Memorial Healthcare, Inc. | FL | 2,119 | $250M | $29K |
| United States Cold Storage, Inc. Pension Plan | United States Cold Storage, Inc. | NJ | 2,114 | $78.6M | $33K |
| Northwest Glass, Molders, Pottery, Plastics and Allied Workers Pension Plan | Bot, N.W. GMP & Allied Workers Pension Plan | WA | 2,096 | $87.6M | $10K |
| Laborers Local 235 Annuity Fund | Laborers Local 235 Annuity Fund | NY | 2,009 | $57.8M | $15K |
| Sedgwick Retirement Plan | Sedgwick Claims Management Services, Inc. | TN | 1,965 | $70.6M | $28K |
| Acuity Brands, Inc. Legacy Pension Plan | Acuity Brands, Inc. | GA | 1,936 | $59.2M | $222K |
| Local 381 Pension Fund | Board of Trustees Local 381 Pension | NY | 1,917 | $99.7M | $25K |
| Teamsters Local 11 Pension Fund | Board of Trustees - Teamsters Local 11 Pension Fund | NJ | 1,901 | $77.2M | $60K |
| Retirement Plan of Cayuga Medical Center at Ithaca | Cayuga Medical Center at Ithaca | NY | 1,893 | $167M | $80K |
| Northeast Georgia Health System, Inc. and Affiliated Companies Pension Plan | Northeast Georgia Health System, Inc. | GA | 1,855 | $315M | $394K |
| University Community Health System Consolidated Pension Plan | University Community Health System | FL | 1,834 | $92.5M | $237K |
| Pension Plan for Employees of HNS Management Co. Inc. Represented by Atu | H N S Management Company Inc. | CT | 1,803 | $313M | $132K |
Questions and answers
How many plans does Bank of America serve?
149 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay Bank of America?
The median plan reported $63.66 per participant in direct and indirect compensation (146 plans reporting an amount), or 0.08% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Trustee (bank, trust company, or similar financial institution) (81 plans), Investment management (33 plans), Custodial (securities) (20 plans) and Investment advisory (plan) (13 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.