ESOP · DOL Form 5500 · 2023
Bank of America Corporation ESOP
Data updated 2026-08-25
- $1.1B
- Total assets Very large vs avg
- 4,647
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $230,414
- 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
$1.1B in assets, 4,647 participants
Bank of America Corporation's The Bank of America Transferred Savings Account Plan reported $1.1B in total assets and 4,647 participants in its 2023 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.
- #1,084 in Management of Enterprises (1,137 peers)
Coverage in Rhode Island
The Bank of America Transferred Savings Account Plan covers 4,647 participants in Rhode Island, 3.2x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $1.1B.
- #1,084
- in Management of Enterprises (1,137 peers)
- +6.3%
- assets growth YoY
- 11×
- vs typical plan assets (national mean)
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 2023 · DOL Form 5500
$1,070,736,111 Top 1% higher than 99% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
The Bank of America Transferred Savings Account Plan's large-plan peer group by participant headcount
Plan-year 2023 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 (4,647 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- The Bank of America Transferred Savings Account Plan reported net income rose from -$358M in the plan year 2022 filing to $64M in the plan year 2023 filing.
- The Bank of America Transferred Savings Account Plan reported participants fell from 5,057 in the plan year 2022 filing to 4,647 in the plan year 2023 filing.
- The Bank of America Transferred Savings Account Plan end-of-year assets rose from $1.0B in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
Published 5500 schedule card
Filing strip 560906609 · Bank of America Corporation PY 2023 · ESOP
The Bank of America Transferred Savings Account Plan · $1.1B · 4,647 · 99th
- EOY $1.1B
- 5500 4,647
- ASSETS 99th
- PCT ESOP
- EIN near The Sundt Companies Employee Stock Ownership Plan
- RANK ind #1084
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) | $1.0B |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | $64M |
| 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 $75M · 43
- Thielsch Engineering, Inc. Employee Stock Ownership Plan $65M · 477
- Newport Harbor Corporation Employee Stock Ownership Plan $64M · 1,078
- Beta Group, Inc. Employee Stock Ownership Plan $23M · 162
- Marine Acoustics, Inc. Employee Stock Ownership Plan $6M · 51
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 The Sundt Companies Employee Stock Ownership Plan in AZ ($1.1B); by covered participants it is Gensler Employee Stock Ownership Plan in CA (4,601 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.1B here).
- The Sundt Companies Employee Stock Ownership Plan (AZ) $1.1B · 2,392
- Hypertherm Associate Stock Ownership Plan (NH) $1.0B · 1,417
- Evapco, Inc. Employee Stock Ownership Plan (MD) $1.1B · 1,617
- Rosendin Electric, Inc. Employee Stock Ownership Plan (CA) $1.1B · 1,700
Similar participant headcount
Nearest other-state filings by covered participants (4,647 participants); asset peers above are excluded.
- Gensler Employee Stock Ownership Plan (CA) 4,601 · 46 off
- Scheels Employee Stock Ownership Plan (ND) 4,597 · 50 off
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust (MN) 4,575 · 72 off
- Amsted Industries Incorporated Employees' Stock Ownership Plan (IL) 4,738 · 91 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.