Defined Benefit (Pension) · DOL Form 5500 · 2023

Bmo Financial Corp. Pension Plan

Data updated 2026-08-25

$1.4B
Total assets Very large vs avg
5,727
Participants Above avg headcount
99th
Percentile by assets National rank
$239,019
Avg per participant Above avg balance/head
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Official DOL plan name: Bmo U.S. Pension Plan · Sponsored by Bmo Financial Corp. · Illinois · Finance & Insurance

$1.4B in assets, 5,727 participants

Bmo Financial Corp.'s Bmo U.S. Pension Plan reported $1.4B in total assets and 5,727 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.

  • #8,702 in Finance & Insurance (8,869 peers)

Coverage in Illinois

Bmo U.S. Pension Plan covers 5,727 participants in Illinois, 7.3x the typical Illinois plan (state average ~779 per filing). Assets: $1.4B.

#8,702
in Finance & Insurance (8,869 peers)
+36.2%
assets growth YoY
14×
vs typical plan assets (national mean)

Bmo U.S. Pension Plan's outsized position by total assets

Bmo U.S. Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$1,368,858,951 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Bmo U.S. Pension 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. Bmo U.S. Pension Plan lands in the large band (5,727 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bmo U.S. Pension Plan reported net income rose from -$342M in the plan year 2022 filing to $28M in the plan year 2023 filing.
  • Bmo U.S. Pension Plan end-of-year assets rose from $1.0B in the plan year 2022 filing to $1.4B in the plan year 2023 filing.
  • Bmo U.S. Pension Plan reported participants fell from 6,297 in the plan year 2022 filing to 5,727 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 510275712 · Bmo Financial Corp. PY 2023 · Defined Benefit (Pension)

Bmo U.S. Pension Plan · $1.4B · 5,727 · 99th

  • BOOK $1.4B
  • VS-ST 5,727
  • BOY 99th
  • SCH Defined Benefit (Pension)
  • EBSA near The Guardian Home Office Employees' Retirement Pla
  • PART ind #8702

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 Finance & Insurance retirement plans → · Plans in Illinois →

Bmo U.S. Pension Plan in the asset neighbourhood

Teamsters Joint Council No. 83 of Virginia Pension FundTeamsters Joint Council No. …$1.4BConocophillips Retirement PlanConocophillips Retirement Pl…$1.4BBmo U.S. Pension Plan$1.4BThe Guardian Home Office Employees' Retirement PlaThe Guardian Home Office Emp…$1.4BWestern Washington Laborers-Employers Pension PlanWestern Washington Laborers-…$1.4B
End-of-year total assets ($B) among Bmo U.S. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$1.0B
Net Assets (End of Year)$1.3B
Net Income$28M
Employer EIN510275712
Plan Effective Date1944-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bmo Financial Corp.)

Sponsor-wide plan assets over time

All Bmo Financial Corp. plans reported in each filing year

Latest sponsor-wide plan assets
$6.3B 74.97288399354156% vs 2022
2024 filing year
$3B$4B$5B$6B$7B 202220232024 $3.58B $6.27B ▲ +75.1%
Year Plans Participants Total Assets
2022 2 20,609 $3.6B
2023 2 19,091 $5.9B
2024 2 26,749 $6.3B

Nearby Defined Benefit (Pension) Plans in Illinois

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Bmo U.S. Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. 0100002000030000400005000060000 -200204060 Total assets ($B) Participants Bmo U.S. Pension Plan, Total assets ($B): 1.368858951 · Participants: 5727Bmo U.S. Pension PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott Laboratories Annuity Retirement Plan
Bmo U.S. Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Bmo U.S. Pension Plan side-by-side with 3 peers →

Scale composition for Bmo U.S. Pension Plan

Bmo U.S. Pension Plan reports $1.4B in end-of-year assets across 5,727 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $239,019 per participant (1.7x the national average assets-per-participant) . Net income for plan year 2023 was $28M.

This plan identity (EIN 510275712, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.0B to $1.3B (+29.4%) while covered participants moved from 6,297 to 6,469 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 6,297 $1.0B Open filing
2023 5,727 $1.4B This page
2024 · index core 6,469 $1.3B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Bmo U.S. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is The Guardian Home Office Employees' Retirement Pla in NY ($1.4B); by covered participants it is United Food & Commercial Workers Union Local 880 - Retail Food Employers Joint Pension Fund in OH (5,701 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (5,727 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bmo U.S. Pension Plan assets move in 2023? ▼
Bmo U.S. Pension Plan surged - up 36.2% during 2023, from $1.0B to $1.4B. Reported net income was $28M.
How have Bmo Financial Corp. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bmo Financial Corp.'s sponsor-wide assets grew 75.0%, from $3.6B to $6.3B.
Where does Bmo U.S. Pension Plan rank by assets among Form 5500 filers? ▼
Bmo U.S. Pension Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Bmo U.S. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is The Guardian Home Office Employees' Retirement Pla in NY ($1.4B, 3,087 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Bmo U.S. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is United Food & Commercial Workers Union Local 880 - Retail Food Employers Joint Pension Fund in OH (5,701 participants, $444M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 510275712.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.