Bank Of America Corporation 401(k) Plan: Login, Facts & Contact Information

Bank Of America Corporation 401(k) Plan Facts

Plan name
THE BANK OF AMERICA 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing with a company-stock (ESOP) component
Plan sponsor
BANK OF AMERICA CORPORATION
Participants
254,477 (168,229 active employees)
Former employees with a balance
69,624
Plan assets
$62,902,405,616 at Dec 31, 2024
Average account balance
$253,533 across 248,103 accounts
Employer contributions
$1,287,193,919 in plan year 2024 (42% of all contributions)
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1983
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 21, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.05 billion went into the plan in contributions, $1.29 billion of it from the employer (42%).
  • $4.28 billion was paid out to participants.
  • Investment and other income added $9.27 billion.

How the Bank Of America Corporation 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019279,148$44.4 billion$1.09 billion$2.72 billion
2020283,172$49.3 billion$1.17 billion$2.96 billion
2021277,767$57.9 billion$1.20 billion$3.36 billion
2022272,341$47.1 billion$1.20 billion$3.04 billion
2023263,860$54.8 billion$1.25 billion$3.37 billion
2024254,477$62.9 billion$1.29 billion$4.28 billion

Bank Of America Corporation 401(k) Contact Information

Phone
800-556-6044
Mailing address
401 N. TRYON STREET, NC1-021-08-03, CHARLOTTE NC 28255
Plan sponsor
BANK OF AMERICA CORPORATION
Plan administrator
BANK OF AMERICA CORPORATION CORPORATE BENEFITS COMMITTEE
Employer identification number (EIN)
56-0906609
Plan number
003

Questions about the Bank Of America Corporation 401(k)

Does Bank Of America Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.29 billion, 42% of all contributions.

Does the Bank Of America Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Bank Of America Corporation 401(k) plan?

254,477 participants at the start of plan year 2024, 168,229 of them active employees, and 69,624 former employees who still had money in the plan.

What is the average 401(k) balance at Bank Of America Corporation?

About $253,533 per account: $62.9 billion in plan assets across 248,103 accounts with a balance at the end of plan year 2024.

Who manages the Bank Of America Corporation 401(k) accounts?

Fidelity NetBenefits is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Bank Of America Corporation. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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