Defined Benefit (Pension) · DOL Form 5500 · 2024

Bmo Financial Corp. Pension Plan

Data updated 2026-08-11

$1.3B
Total assets: 6,469
Participants: 99th
Percentile by assets: $201,033
Avg per participant

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.

99th percentile by assets (of 123,622 plans)
#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.

$1.3B
total plan assets (2024 EOY): 6,469
covered participants: 99th
percentile by assets (of 123,622 plans): $201,033
avg assets per participant

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 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 →

State

Illinois

Industry

Finance & Insurance

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Bmo U.S. Pension Plan reports 6,469 participants - 8.3x that state average ($1.3B EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$1.4B
Net Assets (End of Year)	$1.2B
Net Income	-$80M
Employer EIN	510275712
Plan Effective Date	1944-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bmo Financial Corp.)

Total plan assets by year, all Bmo Financial Corp. plans on file

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

Central States, Southeast & Southwest Areas Pension Plan $48.2B · 36,799
State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
GE Healthcare Pension Plan $13.7B · 5,554
Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984

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 401(k) Savings Plan (401(k), $5.0B, 20,280 participants)

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Bmo U.S. Pension Plan by total assets, not by location.

Retirement Plan for Draper Employees (MA) $1.3B · 2,288
Umass Memorial Health Care Pension Plan (MA) $1.3B · 9,506
Rocky Mountain Ufcw Unions and Employers Retail and Meat Pension Plan (CO) $1.3B · 38,340
Eighth District Electrical Pension Fund (NV) $1.3B · 10,468

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).

Next read for Bmo U.S. Pension Plan

Filing takeaways

Ways to act on Bmo U.S. Pension Plan's numbers.

By total assets, Bmo U.S. Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) 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.