401(k) · DOL Form 5500 · 2023
Bmo Financial Corp. 401(k) Plan
Data updated 2026-08-25
- $4.5B
- Total assets Very large vs avg
- 13,364
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $339,575
- Avg per participant High balance/head
Official DOL plan name: Bmo 401(k) Savings Plan · Sponsored by Bmo Financial Corp. · Illinois · Finance & Insurance
$4.5B in assets, 13,364 participants
Bmo Financial Corp.'s Bmo 401(k) Savings Plan reported $4.5B in total assets and 13,364 participants in its 2023 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.
- #8,817 in Finance & Insurance (8,869 peers)
Coverage in Illinois
Bmo 401(k) Savings Plan covers 13,364 participants in Illinois, 17x the typical Illinois plan (state average ~779 per filing). Assets: $4.5B.
- #8,817
- in Finance & Insurance (8,869 peers)
- +76.0%
- assets growth YoY
- 46×
- vs typical plan assets (national mean)
Bmo 401(k) Savings Plan's outsized position by total assets
Bmo 401(k) Savings Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$4,538,074,231 Highest reported value at or above every one 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
Bmo 401(k) Savings Plan's mega-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 401(k) Savings Plan is a mega filing (13,364 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Bmo 401(k) Savings Plan reported net income rose from -$446M in the plan year 2022 filing to $460M in the plan year 2023 filing.
- Bmo 401(k) Savings Plan end-of-year assets rose from $2.6B in the plan year 2022 filing to $4.5B in the plan year 2023 filing.
- Bmo 401(k) Savings Plan reported participants fell from 14,312 in the plan year 2022 filing to 13,364 in the plan year 2023 filing.
EBSA filing schedule strip
Filing strip 510275712 · Bmo Financial Corp. PY 2023 · 401(k)
Bmo 401(k) Savings Plan · $4.5B · 13,364 · 100th
- EOY $4.5B
- 5500 13,364
- ASSETS 100th
- PCT 401(k)
- EIN near Kimberly-Clark Corporation 401(k) & Profit Sharing Plan
- RANK ind #8817
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 401(k) Savings Plan in the asset neighbourhood
Illinois filing particulars
| Total Assets (Beginning of Year) | $2.6B |
|---|---|
| Net Assets (End of Year) | $4.5B |
| Net Income | $460M |
| Employer EIN | 510275712 |
| Plan Effective Date | 1916-01-01 |
| Filing Status | FILING 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
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 20,609 | $3.6B |
| 2023 | 2 | 19,091 | $5.9B |
| 2024 | 2 | 26,749 | $6.3B |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
Scale composition for Bmo 401(k) Savings Plan
Bmo 401(k) Savings Plan reports $4.5B in end-of-year assets across 13,364 participants (0.037% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $339,575 per participant (2.5x the national average assets-per-participant) . Net income for plan year 2023 was $460M.
This plan identity (EIN 510275712, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $2.6B to $5.0B (+92.8%) while covered participants moved from 14,312 to 20,280 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 14,312 | $2.6B | Open filing |
| 2023 | 13,364 | $4.5B | This page |
| 2024 · index core | 20,280 | $5.0B | 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)
Bmo 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is Kimberly-Clark Corporation 401(k) & Profit Sharing Plan in WI ($4.6B); by covered participants it is US Lbm Holdings, LLC 401(k) Plan in GA (13,346 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($4.5B here).
- Kimberly-Clark Corporation 401(k) & Profit Sharing Plan (WI) $4.6B · 11,236
- Chs/Community Health Systems, Inc. Retirement Savings Plan (TN) $4.5B · 62,487
- New York Life Insurance Company Employee Progress Sharing Investment Plan (NY) $4.6B · 12,759
- Fidelity National Information Services, Inc. 401(k) Profit Sharing Plan (FL) $4.6B · 22,816
Similar participant headcount
Nearest other-state filings by covered participants (13,364 participants); asset peers above are excluded.
- US Lbm Holdings, LLC 401(k) Plan (GA) 13,346 · 18 off
- Bed Bath & Beyond Inc. 401(k) Savings Plan (NJ) 13,345 · 19 off
- Siemens Medical Solutions USA, Inc. Savings Plan (PA) 13,340 · 24 off
- Omni Hotels 401(k) Retirement Savings Plan (TX) 13,325 · 39 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.