Defined Benefit (Pension) · DOL Form 5500 · 2024

Bmo Financial Corp. Pension Plan

Data updated 2026-08-25

$1.3B
Total assets Very large vs avg
6,469
Participants Above avg headcount
99th
Percentile by assets National rank
$201,033
Avg per participant Above avg balance/head
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Official DOL plan name: Bmo U.S. Pension Plan · Sponsored by Bmo Financial Corp. · Illinois · Finance & Insurance

$1.3B in assets, 6,469 participants

Bmo Financial Corp.'s Bmo U.S. Pension Plan reported $1.3B in total assets and 6,469 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.

  • #8,352 in Finance & Insurance (8,549 peers)

Coverage in Illinois

Bmo U.S. Pension Plan covers 6,469 participants in Illinois, 8.3x the typical Illinois plan (state average ~779 per filing). Assets: $1.3B.

#8,352
in Finance & Insurance (8,549 peers)
-5.0%
assets change YoY
13×
vs typical plan assets (national mean)

The plan reported a net loss of $80M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Bmo U.S. Pension Plan's outsized position by total assets

Bmo U.S. Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,300,480,803 Top 1% higher than 99% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Bmo U.S. Pension 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. Bmo U.S. Pension Plan lands in the large band (6,469 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bmo U.S. Pension Plan reported net income fell from $28M in the plan year 2023 filing to -$80M in the plan year 2024 filing.
  • Bmo U.S. Pension Plan reported participants rose from 5,727 in the plan year 2023 filing to 6,469 in the plan year 2024 filing.
  • Bmo U.S. Pension Plan end-of-year assets fell from $1.4B in the plan year 2023 filing to $1.3B in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 510275712 · Bmo Financial Corp. PY 2024 · Defined Benefit (Pension)

Bmo U.S. Pension Plan · $1.3B · 6,469 · 99th

  • PART $1.3B
  • TYPE 6,469
  • NET 99th
  • BOOK Defined Benefit (Pension)
  • VS-ST near Retirement Plan for Draper Employees
  • BOY ind #8352

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 U.S. Pension Plan in the asset neighbourhood

Retirement Plan for Draper EmployeesRetirement Plan for Draper E…$1.3BBmo U.S. Pension Plan$1.3BUmass Memorial Health Care Pension PlanUmass Memorial Health Care P…$1.3BRocky Mountain Ufcw Unions and Employers Retail and Meat Pension PlanRocky Mountain Ufcw Unions a…$1.3BEighth District Electrical Pension FundEighth District Electrical P…$1.3B
End-of-year total assets ($B) among Bmo U.S. Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Illinois filing particulars

Total Assets (Beginning of Year)$1.4B
Net Assets (End of Year)$1.2B
Net Income-$80M
Employer EIN510275712
Plan Effective Date1944-01-01
Filing StatusFILING 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
$3B$4B$5B$6B$7B 202220232024 $3.58B $6.27B ▲ +75.1%
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 Scatter plot of 6 data points. 01000020000300004000050000 -200204060 Total assets ($B) Participants Bmo U.S. Pension Plan, Total assets ($B): 1.300480803 · Participants: 6469Bmo U.S. Pension PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 48.22071058 · Participants: 36799Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 37.736369487 · Participants: 41619State Farm Insurance Companies Retirement Plan for United States EmployeesGE Healthcare Pension Plan, Total assets ($B): 13.74052931 · Participants: 5554GE Healthcare Pension PlanAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 8.591907247 · Participants: 17875Abbott Laboratories Annuity Retirement PlanUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 8.17675965 · Participants: 20984United Food & Commercial Workers Intl Union - Industry Pension Fund
Bmo U.S. Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Bmo U.S. Pension Plan side-by-side with 3 peers →

Scale composition for Bmo U.S. Pension Plan

Bmo U.S. Pension Plan reports $1.3B in end-of-year assets across 6,469 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.007% of 93,925,755 covered participants) - about $201,033 per participant (1.5x the national average assets-per-participant) . Net income for plan year 2024 was -$80M.

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 Open filing
2024 · index core 6,469 $1.3B This page

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Bmo U.S. Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Retirement Plan for Draper Employees in MA ($1.3B); by covered participants it is Valero Energy Corporation Pension Plan in TX (6,460 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.3B here).

Similar participant headcount

Nearest other-state filings by covered participants (6,469 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bmo U.S. Pension Plan assets move in 2024? ▼
Bmo U.S. Pension Plan edged down modestly - down 5.0% during 2024, from $1.4B to $1.3B. Reported net income was -$80M.
How have Bmo Financial Corp. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bmo Financial Corp.'s sponsor-wide assets grew 75.0%, from $3.6B to $6.3B.
Where does Bmo U.S. Pension Plan rank by assets among Form 5500 filers? ▼
Bmo U.S. Pension Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Bmo U.S. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Retirement Plan for Draper Employees in MA ($1.3B, 2,288 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Bmo U.S. Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Valero Energy Corporation Pension Plan in TX (6,460 participants, $2.6B in assets).

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.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.