ESOP · DOL Form 5500 · 2024
Bank of America Corporation ESOP
Data updated 2026-08-25
- $1.1B
- Total assets Very large vs avg
- 4,298
- Participants Above avg headcount
- 99th
- Percentile by assets National rank
- $260,744
- 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, 4,298 participants
Bank of America Corporation's The Bank of America Transferred Savings Account Plan reported $1.1B in total assets and 4,298 participants in its 2024 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.
- #1,081 in Management of Enterprises (1,133 peers)
Coverage in Rhode Island
The Bank of America Transferred Savings Account Plan covers 4,298 participants in Rhode Island, 3.0x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $1.1B.
- #1,081
- in Management of Enterprises (1,133 peers)
- +4.7%
- 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 2024 · DOL Form 5500
$1,120,678,048 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
The Bank of America Transferred Savings Account Plan's large-plan peer group by participant headcount
Plan-year 2024 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 (4,298 participants).
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- The Bank of America Transferred Savings Account Plan reported net income fell from $64M in the plan year 2023 filing to $50M in the plan year 2024 filing.
- The Bank of America Transferred Savings Account Plan reported participants fell from 4,647 in the plan year 2023 filing to 4,298 in the plan year 2024 filing.
- The Bank of America Transferred Savings Account Plan end-of-year assets rose from $1.1B in the plan year 2023 filing to $1.1B in the plan year 2024 filing.
DOL schedule card
Filing strip 560906609 · Bank of America Corporation PY 2024 · ESOP
The Bank of America Transferred Savings Account Plan · $1.1B · 4,298 · 99th
- NET $1.1B
- NET 4,298
- NET 99th
- NET ESOP
- NET near Raymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan
- NET ind #1081
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) | $1.1B |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | $50M |
| 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.
- Newport Harbor Corporation Employee Stock Ownership Plan $71M · 1,124
- Thielsch Engineering Employee Stock Ownership Plan $68M · 470
- Century Drywall, Inc. Employee Stock Ownership Plan $66M · 44
- Beta Group, Inc. Employee Stock Ownership Plan $30M · 173
- Marine Acoustics, Inc. Employee Stock Ownership Plan $7M · 47
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 Raymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan in FL ($1.1B); by covered participants it is Jasper Holdings, Inc Employee Stock Ownership Plan and Trust in IN (4,295 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.1B here).
- Raymond James Financial, Inc. & Affiliates Employee Stock Ownership Plan (FL) $1.1B · 16,036
- Evapco, Inc. Employee Stock Ownership Plan (MD) $1.1B · 1,803
- Hypertherm Associate Stock Ownership Plan (NH) $1.1B · 1,481
- Bdo USA Employee Stock Ownership Plan (IL) $1.1B · 9,258
Similar participant headcount
Nearest other-state filings by covered participants (4,298 participants); asset peers above are excluded.
- Jasper Holdings, Inc Employee Stock Ownership Plan and Trust (IN) 4,295 · 3 off
- Schweitzer Engineering Laboratories, Inc. Employee Stock Ownership Plan (WA) 4,281 · 17 off
- Great Lakes Cheese Co., Inc. Employee Stock Ownership Plan (OH) 4,264 · 34 off
- Hormel Foods Corporation Joint Earnings Profit Sharing Trust (MN) 4,375 · 77 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.