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Department of Labor filing

BANK OF AMERICA CORPORATION

THE BANK OF AMERICA 401(K) PLAN · For the plan year ended Dec 31, 2024

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Public filing 2024 · received Jul 21, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

There is not enough comparable filing data to judge this plan yet. This is a filing comparison, not a complete benefits score.

$Employer support
$7,651

Reported employer contributions per active participant.

Higher than about 87% of comparable plans
#People in the filing
168,229

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.
¢Visible plan-paid fees
$0 / participant

Reported administrative expense—not every fee an employee may pay.

↗Investment performance
Not available

Plan assets changed 14.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.
What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓
Filing comparison · 2024—There is not enough comparable filing data to calculate this yet.

How this filing compares

Reported employer contributions87th percentileTypical peer $3,577 · based on 107 comparable plans
Lower reported administrative expenseNot enough dataTypical peer $73 · based on 101 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, BANK OF AMERICA CORPORATION reported $1,287,193,919 in employer contributions across the plan and 168,229 active participants. That works out to $7,651 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy67%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendUp 10.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendNot enough history

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer contextNot enough data

Comparable-plan data is too limited for a score.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions
$1,287,193,919
Participant contributions
$1,643,940,675
Other contributions
$121,757,347
Employer share of reported contributions
43.9%
Beginning assets
$54,848,846,192
Ending assets
$62,902,405,616
Ending net assets
$62,887,854,391
Ending liabilities
$14,551,225
Total income
$12,326,060,315
Total expenses
$4,277,802,479
Administrative expenses
$0
Participant loans
$799,026,516

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant
2022
$6,920
2023
$7,418
2024
$7,651
Plan-paid administrative expenses per participant
2022
$0
2023
$0
2024
$0
Active participants
2022
173,899
2023
168,963
2024
168,229
Detailed filing history
Plan yearPer active participantActive participantsPlan assetsFiling ID
2024$7,651168,22962.9B20250721130517NAL0000605299001
2023$7,418168,96354.8B20240717090659NAL0002379907001
2022$6,920173,89947.1B20230728090909NAL0026096354001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets
1.3%
Independent accountant’s opinion
Unqualified opinion Code 1
Late participant contributions reported
Not stated in the filing
Public plan identifier
560906609-003

Reported plan details

Identity and filing status

Plan type
Retirement plan
Employer arrangement
Single-employer plan
Plan effective date
Jan 1, 1983
Industry
Management of companies
Amended filing
No
Final filing for this plan
No
Short plan year
No
401(k) feature reported
Yes
Show DOL characteristic codes2E2F2G2J2K2O2S2T3H3J

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

ProviderPlan yearDirect compensationIndirect compensation
BLACKROCK INST TRUST COMPANY, N.A.2024Not reportedunknown
CHARLES SCHWAB & CO., INC.2024Not reportedunknown
DODGE & COX2024Not reportedunknown
EARNEST PARTNERS, LLC2024Not reportedunknown
FIDELITY INVESTMENTS INST. OPS. CO.2024Not reportedunknown
FIDELITY MANAGEMENT & RESEARCH CO2024Not reportedunknown
GREAT GRAY TRUST COMPANY2024Not reportedunknown
MFS HERITAGE TRUST COMPANY2024Not reportedunknown
NORTHERN TRUST CORPORATION2024Not reportedunknown
PIMCO LLC2024Not reportedunknown
SEI TRUST COMPANY2024Not reportedunknown
STATE STREET BANK AND TRUST COMPANY2024Not reportedunknown
STATE STREET GLOBAL ADVISORS TR CO2024Not reportedunknown
T ROWE PRICE TRUST COMPANY2024Not reportedunknown
THE VANGUARD GROUP, INC.2024Not reportedunknown
VANGUARD FIDUCIARY TRUST COMPANY2024Not reportedunknown

Current plan terms

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Filing ACK_ID20250721130517NAL0000605299001
Data sourceDOL Form 5500 bulk data ↗
Filing searchEFAST2 ↗