ESOP · DOL Form 5500 · 2022
Bank of America Corporation ESOP
Data updated 2026-08-25
- $1.0B
- Total assets Very large vs avg
- 5,057
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $199,098
- Avg per participant Above avg balance/head
Official DOL plan name: The Bank of America Transferred Savings Account Plan · Sponsored by Bank of America Corporation · Rhode Island · Management of Enterprises
$1.0B in assets, 5,057 participants
Bank of America Corporation's The Bank of America Transferred Savings Account Plan reported $1.0B in total assets and 5,057 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #1,142 in Management of Enterprises (1,193 peers)
Coverage in Rhode Island
The Bank of America Transferred Savings Account Plan covers 5,057 participants in Rhode Island, 3.5x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $1.0B.
- #1,142
- in Management of Enterprises (1,193 peers)
- -26.2%
- assets change YoY
- 10×
- vs typical plan assets (national mean)
The plan reported a net loss of $358M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Bank of America Transferred Savings Account Plan's outsized position by total assets
The Bank of America Transferred Savings Account Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$1,006,839,487 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
The Bank of America Transferred Savings Account Plan's large-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Bank of America Transferred Savings Account Plan lands in the large band (5,057 participants).
Published 5500 schedule card
Filing strip 560906609 · Bank of America Corporation PY 2022 · ESOP
The Bank of America Transferred Savings Account Plan · $1.0B · 5,057 · 99th
- BOOK $1.0B
- BOOK 5,057
- BOOK 99th
- BOOK ESOP
- BOOK near Rosendin Electric, Inc. Employee Stock Ownership Plan
- BOOK ind #1142
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Rhode Island →
The Bank of America Transferred Savings Account Plan in the asset neighbourhood
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $1.4B |
|---|---|
| Net Assets (End of Year) | $1.0B |
| Net Income | -$358M |
| Employer EIN | 560906609 |
| Plan Effective Date | 2009-04-15 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bank of America Corporation)
Sponsor-wide plan assets over time
All Bank of America Corporation plans reported in each filing year
- Latest sponsor-wide plan assets
- $83.1B 24.020709082622414% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 233,999 | $67.0B |
| 2023 | 3 | 235,065 | $75.1B |
| 2024 | 3 | 227,092 | $83.1B |
Nearby ESOP Plans in Rhode Island
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Century Drywall, Inc. Employee Stock Ownership Plan $65M · 43
- Thielsch Engineering, Inc. Employee Stock Ownership Plan $58M · 481
- Newport Harbor Corporation Employee Stock Ownership Plan $53M · 1,057
- Beta Group, Inc. Employee Stock Ownership Plan $18M · 166
- Marine Acoustics, Inc. Employee Stock Ownership Plan $4M · 40
Scale composition for The Bank of America Transferred Savings Account Plan
The Bank of America Transferred Savings Account Plan reports $1.0B in end-of-year assets across 5,057 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $199,098 per participant (1.4x the national average assets-per-participant) . Net income for plan year 2022 was -$358M.
This plan identity (EIN 560906609, plan #007) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.0B to $1.1B (+11.3%) while covered participants moved from 5,057 to 4,298 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 5,057 | $1.0B | This page |
| 2023 | 4,647 | $1.1B | Open filing |
| 2024 · index core | 4,298 | $1.1B | Open filing |
The same sponsor also keeps 3 other index-core plans on PlainRetire:
- The Bank of America 401(k) Plan (401(k), $62.9B, 168,963 participants)
- The Bank of America Pension Plan (Defined Benefit (Pension), $19.0B, 53,831 participants)
- The Bank of America Transferred Savings Account Plan (ESOP, $1.1B, 4,298 participants)
The Bank of America Transferred Savings Account Plan's out-of-state ESOP peers by assets and headcount
Outside Rhode Island, the nearest ESOP by assets is Rosendin Electric, Inc. Employee Stock Ownership Plan in CA ($995M); by covered participants it is Wo Partners Holdings, Inc. Employee Stock Ownership Plan in FL (4,868 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.0B here).
- Rosendin Electric, Inc. Employee Stock Ownership Plan (CA) $995M · 1,488
- Scot Forge Company Employee Stock Ownership Plan (IL) $970M · 495
- Mcnaughton-Mckay Electric Company Employee Stock Ownership Plan (MI) $1.1B · 1,155
- Border States Industries, Inc. Employee Stock Ownership Plan (ND) $1.1B · 2,781
Similar participant headcount
Nearest other-state filings by covered participants (5,057 participants); asset peers above are excluded.
- Wo Partners Holdings, Inc. Employee Stock Ownership Plan (FL) 4,868 · 189 off
- Austin Industries Employee Stock Ownership Plan (TX) 5,325 · 268 off
- Schreiber Foods, Inc. Employee Stock Ownership Plan (WI) 5,656 · 599 off
- Employee Stock Ownership Plan of People's United Financial, Inc. (NY) 4,401 · 656 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.