401(k) · DOL Form 5500 · 2024
Bmo Financial Corp. 401(k) Plan
Data updated 2026-08-25
- $5.0B
- Total assets Very large vs avg
- 20,280
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $245,082
- Avg per participant Above avg balance/head
Official DOL plan name: Bmo 401(k) Savings Plan · Sponsored by Bmo Financial Corp. · Illinois · Finance & Insurance
$5.0B in assets, 20,280 participants
Bmo Financial Corp.'s Bmo 401(k) Savings Plan reported $5.0B in total assets and 20,280 participants in its 2024 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.
- #8,499 in Finance & Insurance (8,549 peers)
Coverage in Illinois
Bmo 401(k) Savings Plan covers 20,280 participants in Illinois, 26x the typical Illinois plan (state average ~779 per filing). Assets: $5.0B.
- #8,499
- in Finance & Insurance (8,549 peers)
- +9.5%
- assets growth YoY
- 50×
- 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 2024 · DOL Form 5500
$4,970,255,879 Highest reported value at or above every one 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
Bmo 401(k) Savings Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bmo 401(k) Savings Plan is a mega filing (20,280 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Bmo 401(k) Savings Plan reported participants rose from 13,364 in the plan year 2023 filing to 20,280 in the plan year 2024 filing.
- Bmo 401(k) Savings Plan end-of-year assets rose from $4.5B in the plan year 2023 filing to $5.0B in the plan year 2024 filing.
- Bmo 401(k) Savings Plan reported net income fell from $460M in the plan year 2023 filing to $432M in the plan year 2024 filing.
Form 5500 schedule snapshot
Filing strip 510275712 · Bmo Financial Corp. PY 2024 · 401(k)
Bmo 401(k) Savings Plan · $5.0B · 20,280 · 100th
- ASSETS $5.0B
- ASSETS 20,280
- ASSETS 100th
- ASSETS 401(k)
- ASSETS near Pg&e Corp. Retirement Savings Plan for Union-Represented Employees
- ASSETS ind #8499
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) | $4.5B |
|---|---|
| Net Assets (End of Year) | $5.0B |
| Net Income | $432M |
| 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 and Savings Plan $21.3B · 66,965
- State Farm 401(k) Savings Plan $19.0B · 63,297
- United Airlines Pilot Retirement Account Plan $16.8B · 16,659
- Abbott Laboratories Stock Retirement Plan $15.8B · 38,229
- Walgreens Retirement Savings Plan $14.5B · 233,635
Scale composition for Bmo 401(k) Savings Plan
Bmo 401(k) Savings Plan reports $5.0B in end-of-year assets across 20,280 participants (0.040% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.022% of 93,925,755 covered participants) - about $245,082 per participant (1.8x the national average assets-per-participant) . Net income for plan year 2024 was $432M.
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 | Open filing |
| 2024 · index core | 20,280 | $5.0B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- 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 Pg&e Corp. Retirement Savings Plan for Union-Represented Employees in CA ($5.0B); by covered participants it is Zhi 401(k) Retirement Savings Plan in TX (20,291 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($5.0B here).
- Pg&e Corp. Retirement Savings Plan for Union-Represented Employees (CA) $5.0B · 17,143
- Westrock Company 401(k) Retirement Savings Plan (GA) $5.0B · 32,796
- Kimberly-Clark Corporation 401(k) & Profit Sharing Plan (WI) $5.0B · 11,661
- Chubb US 401(k) Plan (PA) $5.0B · 15,396
Similar participant headcount
Nearest other-state filings by covered participants (20,280 participants); asset peers above are excluded.
- Zhi 401(k) Retirement Savings Plan (TX) 20,291 · 11 off
- Adams Keegan Retirement Savings Plan (TN) 20,248 · 32 off
- Iqvia 401(k) Plan (NC) 20,245 · 35 off
- Marsh & Mclennan Companies 401(k) Savings and Investment Plan (NY) 20,222 · 58 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.