401(k) match
Bank of America 401(k) match
After 12 months of vesting service, Bank of America matches eligible contributions up to 5% of plan-eligible compensation and provides an annual 2% company contribution, increasing to 3% after 10 years of vesting service. An end-of-year true-up match is also provided.
What this means
- Latest filing year
- 2024
- Employer contributions
- $1,287,193,919
- Employer money per active participant
- $7,651
- Plan assets
- 62.9B
The filing context helps compare plans, but it does not replace the current plan document.