Compass Bancshares, Inc. 401(k) Plan (terminated 2021): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2021, when $1.32 billion was transferred out of the plan. Assets moved to the THE PNC FINANCIAL SERVICES GROUP, INC. INCENTIVE SAVINGS PLAN (sponsored by THE PNC FINANCIAL SERVICES GROUP, INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
See the THE PNC FINANCIAL SERVICES GROUP, INC. INCENTIVE SAVINGS PLAN →Compass Bancshares, Inc. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2021 filing.
Compass Bancshares, Inc. 401(k) Plan Facts (plan year 2021)
Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Oct 19, 2021), filed Aug 10, 2022. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2021
- $76.9 million went into the plan in contributions, $34.5 million of it from the employer (45%).
- $177.6 million was paid out to participants.
- Investment and other income added $115.5 million.
How the Compass Bancshares, Inc. 401(k) changed, 2016–2021
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2016 | 16,120 | $790.9 million | $36.7 million | $77.2 million |
| 2017 | 14,133 | $931.3 million | $37.2 million | $81.2 million |
| 2018 | 14,748 | $908.0 million | $40.9 million | $64.1 million |
| 2019 | 15,097 | $1.13 billion | $43.3 million | $84.1 million |
| 2020 | 15,004 | $1.31 billion | $44.8 million | $107.6 million |
| 2021 (final) | 15,064 | $0 | $34.5 million | $177.6 million |
Compass Bancshares, Inc. 401(k) Contact Information
Questions about the Compass Bancshares, Inc. 401(k)
Is the Compass Bancshares, Inc 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2021. Its assets were transferred to the THE PNC FINANCIAL SERVICES GROUP, INC. INCENTIVE SAVINGS PLAN.
Does Compass Bancshares, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $34.5 million, 45% of all contributions.
Does the Compass Bancshares, Inc 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Compass Bancshares, Inc 401(k) plan?
15,064 participants at the start of plan year 2021.
Who manages the Compass Bancshares, Inc 401(k) accounts?
Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.