Defined Benefit (Pension) · DOL Form 5500 · 2023
Bmo Financial Corp. Pension Plan
Data updated 2026-08-11
- $1.4B
- Total assets
- 5,727
- Participants
- 99th
- Percentile by assets
- $239,019
- Avg per participant
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.
- 99th percentile by assets (of 127,072 plans)
- #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.
- $1.4B
- total plan assets (2023 EOY)
- 5,727
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $239,019
- avg assets per participant
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.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Bmo U.S. Pension Plan reports 5,727 participants - 7.3x that state average ($1.4B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $1.0B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | $28M |
| Employer EIN | 510275712 |
| Plan Effective Date | 1944-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Bmo Financial Corp.)
| 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
- Central States, Southeast & Southwest Areas Pension Plan $49.7B · 48,538
- State Farm Insurance Companies Retirement Plan for United States Employees $35.2B · 45,001
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.0B · 20,680
- John Deere Pension Plan for Salaried Employees $8.0B · 16,346
- Abbott Laboratories Annuity Retirement Plan $7.8B · 17,382
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 401(k) Savings Plan (401(k), $5.0B, 20,280 participants)
- Bmo U.S. Pension Plan (Defined Benefit (Pension), $1.3B, 6,469 participants)
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Bmo U.S. Pension Plan by total assets, not by location.
- The Guardian Home Office Employees' Retirement Pla (NY) $1.4B · 3,087
- Western Washington Laborers-Employers Pension Plan (WA) $1.4B · 10,417
- Teamsters Joint Council No. 83 of Virginia Pension Fund (VA) $1.4B · 3,126
- Conocophillips Retirement Plan (TX) $1.4B · 3,898
Frequently Asked Questions
How did Bmo U.S. Pension Plan assets move in 2023? ▼
How have Bmo Financial Corp. plan assets changed over time? ▼
Where does Bmo U.S. Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Bmo U.S. Pension Plan? ▼
Next read for Bmo U.S. Pension Plan
Filing takeaways
Ways to act on Bmo U.S. Pension Plan's numbers.
- By total assets, Bmo U.S. Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Illinois. Compare plans
- Bmo Financial Corp.'s sponsor-wide assets have grown 75.0% since 2022 across 3 plan years on file. More Finance & Insurance plans