401(k) · DOL Form 5500 · 2024
Bmo Financial Corp. 401(k) Plan
Data updated 2026-07-24
- $5.0B
- Total assets
- 20,280
- Participants
- 100th
- Percentile by assets
- $245,082
- Avg per participant
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.
- 100th percentile by assets (of 116,472 plans)
Coverage in Illinois
Bmo 401(k) Savings Plan covers 20,280 participants in Illinois, 26x the typical Illinois plan (state average ~768 per filing). Assets: $5.0B.
- $5.0B
- total plan assets (2024 EOY)
- 20,280
- covered participants
- 100th
- percentile by assets (of 116,472 plans)
- $245,082
- avg assets per participant
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.
Participants vs Illinois filers
In Illinois, the average filing covers about 768 participants across 5,440 plans. Bmo 401(k) Savings Plan reports 20,280 participants - 26x that state average ($5.0B EOY assets).
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.)
| 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.
Bmo 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
- 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
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Bmo 401(k) Savings Plan by total assets, not by location.
- 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
Frequently Asked Questions
How did Bmo 401(k) Savings Plan assets move in 2024? ▼
How have Bmo Financial Corp. plan assets changed over time? ▼
Where does Bmo 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Bmo 401(k) Savings Plan? ▼
Next read for Bmo 401(k) Savings Plan
Filing takeaways
Ways to act on Bmo 401(k) Savings Plan's numbers.
- By total assets, Bmo 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.
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.