Defined Benefit (Pension) · DOL Form 5500 · 2022
Bank of America Corporation Pension Plan
Data updated 2026-08-25
- $18.8B
- Total assets Mega-plan scale
- 59,906
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $314,414
- Avg per participant High balance/head
Official DOL plan name: The Bank of America Pension Plan · Sponsored by Bank of America Corporation · Rhode Island · Management of Enterprises
$18.8B in assets, 59,906 participants
Bank of America Corporation's The Bank of America Pension Plan reported $18.8B in total assets and 59,906 participants in its 2022 DOL Form 5500 filing, ranking in the 100th 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.
- #1,190 in Management of Enterprises (1,193 peers)
Coverage in Rhode Island
The Bank of America Pension Plan covers 59,906 participants in Rhode Island, 41x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $18.8B.
- #1,190
- in Management of Enterprises (1,193 peers)
- -20.6%
- assets change YoY
- 189×
- vs typical plan assets (national mean)
The plan reported a net loss of $4.9B for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
The Bank of America Pension Plan's outsized position by total assets
The Bank of America Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$18,835,300,915 Highest reported value at or above every one 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 Pension Plan's mega-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 Pension Plan is a mega filing (59,906 participants), the rightmost band on the breakdown.
Plan-year Form 5500 strip
Filing strip 560906609 · Bank of America Corporation PY 2022 · Defined Benefit (Pension)
The Bank of America Pension Plan · $18.8B · 59,906 · 100th
- IND $18.8B
- IND 59,906
- IND 100th
- IND Defined Benefit (Pension)
- IND near Lockheed Martin Corporation Salaried Employee Retirement Program
- IND ind #1190
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 Management of Enterprises retirement plans → · Plans in Rhode Island →
The Bank of America Pension Plan in the asset neighbourhood
Rhode Island filing particulars
| Total Assets (Beginning of Year) | $23.7B |
|---|---|
| Net Assets (End of Year) | $17.2B |
| Net Income | -$4.9B |
| Employer EIN | 560906609 |
| Plan Effective Date | 1973-01-01 |
| 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 Defined Benefit (Pension) Plans in Rhode Island
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- Textron Master Retirement Plan $5.0B · 7,702
- Factory Mutual Insurance Company Pension Plan $2.7B · 3,598
- Bell Helicopter Textron Master Retirement Plan $2.1B · 2,995
- Amica Pension Fund $1.7B · 2,750
- Cfg Pension Plan $1.1B · 3,600
Scale composition for The Bank of America Pension Plan
The Bank of America Pension Plan reports $18.8B in end-of-year assets across 59,906 participants (0.15% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.064% of 93,925,755 covered participants) - about $314,414 per participant (2.3x the national average assets-per-participant) . Net income for plan year 2022 was -$4.9B.
This plan identity (EIN 560906609, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $18.8B to $19.0B (+1.1%) while covered participants moved from 59,906 to 53,831 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 59,906 | $18.8B | This page |
| 2023 | 56,519 | $19.2B | Open filing |
| 2024 · index core | 53,831 | $19.0B | 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 Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Rhode Island, the nearest Defined Benefit (Pension) by assets is Lockheed Martin Corporation Salaried Employee Retirement Program in MD ($18.8B); by covered participants it is Wells Fargo & Company Cash Balance Plan in CA (59,141 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($18.8B here).
- Lockheed Martin Corporation Salaried Employee Retirement Program (MD) $18.8B · 21,647
- Ford Motor Company UAW Retirement Plan (MI) $19.3B · 27,567
- Northrop Grumman Pension Plan (VA) $18.3B · 14,867
- Retirement Plan of Johnson and Johnson (NJ) $19.8B · 38,100
Similar participant headcount
Nearest other-state filings by covered participants (59,906 participants); asset peers above are excluded.
- Wells Fargo & Company Cash Balance Plan (CA) 59,141 · 765 off
- Sheet Metal Workers' National Pension Fund (VA) 61,068 · 1,162 off
- Southern California Ufcw Unions and Food Employers Joint Pension Trust Fund (CA) 56,802 · 3,104 off
- The PNC Financial Services Group, Inc. Pension Plan (PA) 63,731 · 3,825 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.