Bank Of The West 401(k) Plan (terminated 2023): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2023, when $1.47 billion was transferred out of the plan. Assets moved to the BMO 401(K) SAVINGS PLAN (sponsored by BMO FINANCIAL CORP.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
See the BMO 401(K) SAVINGS PLAN →Bank Of The West 401(k) Login
Retirement plan providers can change. This information is from the plan's 2023 filing.
Bank Of The West 401(k) Plan Facts (plan year 2023)
Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Aug 6, 2023), filed Jun 12, 2024. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2023
- $87.8 million went into the plan in contributions, $30.3 million of it from the employer (35%).
- $115.5 million was paid out to participants.
- Investment and other income added $153.2 million.
How the Bank Of The West 401(k) changed, 2018–2023
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2018 | 14,298 | $1.06 billion | $41.1 million | $109.7 million |
| 2019 | 14,739 | $1.24 billion | $42.7 million | $150.8 million |
| 2020 | 14,233 | $1.39 billion | $43.4 million | $132.1 million |
| 2021 | 13,978 | $1.58 billion | $44.2 million | $146.7 million |
| 2022 | 13,881 | $1.35 billion | $43.5 million | $128.6 million |
| 2023 (final) | 14,210 | — | $30.3 million | $115.5 million |
Bank Of The West 401(k) Contact Information
Questions about the Bank Of The West 401(k)
Is the Bank Of The West 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2023. Its assets were transferred to the BMO 401(K) SAVINGS PLAN.
Does Bank Of The West contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $30.3 million, 35% of all contributions.
Does the Bank Of The West 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Bank Of The West 401(k) plan?
14,210 participants at the start of plan year 2023.
Who manages the Bank Of The West 401(k) accounts?
Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.