THE BANK OF AMERICA 401(K) PLAN
- Address: 401 N. TRYON STREET, NC1-021-08-03,CHARLOTTE,NC
- Contact person: SUSAN CLARK
- Phone: (800) 556-6044
| Investment Options of THE BANK OF AMERICA 401(K) PLAN (as of 2022) |
|---|
| VFTC INSTL 500 INDEX TR (VANGUARD FIDUCIARY TRUST COMPANY) |
| VFTC INSTL EXTENDED MARKET INDEX TR (VANGUARD FIDUCIARY TRUST COMPANY) |
| VFTC INSTL TOTAL BOND MKT INDEX TR (VANGUARD FIDUCIARY TRUST COMPANY) |
| VFTC INSTL TOT INTL STOCK MKT INDEX (VANGUARD FIDUCIARY TRUST COMPANY) |
| WILM TR CIT WEST ASSET CORE BD CIT (WILMINGTON TRUST, N.A.) |
| Click for all funds ↓↓↓ |
| STABLE VALUE MASTER TRUST (BANK OF AMERICA CORPORATION) |
| EQUITY DIVIDEND FUND M (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| GLOBAL ALLOCATION COLLECTIVE FUND J (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX 2025 FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX 2030 FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX 2035 FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX 2040 FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX 2045 FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX 2050 FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX 2055 FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX 2060 FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX 2065 FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| LIFEPATH INDEX RETIREMENT FUND T (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| RUSSELL 2000 ALPHA TILTS FUND G1 (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| US FUNDAMENTAL LARGE CAP GROWTH FD (BLACKROCK INSTITUTIONAL TRUST COMPANY, N.A.) |
| SMALL / MID CAP CORE FUND II (FIDELITY INSTITUTIONAL ASSET MANAGEMENT) |
| MFS INTERNATIONAL GROWTH FUND II (MFS HERITAGE TRUST COMPANY) |
| ACADIAN ALL CNTRY WLD EX-US EQ CIT (SEI TRUST COMPANY) |
| REAL ASSET NL SERIES FUND K (STATE STREET BANK AND TRUST COMPANY) |
| INSTL LARGE CAP GROWTH TRUST I (T. ROWE PRICE) |
THE BANK OF AMERICA 401(K) PLAN has the following features:
Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
At the end of 2022, the total retirement plan assets of THE BANK OF AMERICA 401(K) PLAN is $47,134,026,012.00.This plan was established in 1983.
At the end of 2022, the total number of retirement plan participants in THE BANK OF AMERICA 401(K) PLAN is 272341
In 2022, the average participant retirement account value for THE BANK OF AMERICA 401(K) PLAN is $173,069.00
In 2022, the estimated average employee contribution amount per participant for THE BANK OF AMERICA 401(K) PLAN is $5,582.00
In 2022, the estimated average employer match for an employee in THE BANK OF AMERICA 401(K) PLAN is approximately $4,418.00
In 2022, THE BANK OF AMERICA 401(K) PLAN allocates $1,203,295,659.00 to match its employees' contributions, providing an employer match rate of 78.36% of their contributions
In 2022, the total retirement plan asset growth rate of THE BANK OF AMERICA 401(K) PLAN is -18.57%
In 2022, the estimated aggregate retirement account investment gain/loss for THE BANK OF AMERICA 401(K) PLAN is -18.28%. This measures the effectiveness of the plan participants' investments in the year.
In 2022, the investment and administrative expense ratio of THE BANK OF AMERICA 401(K) PLAN is 0.00%.
Articles on Retirement Plans
Building a Well-Balanced Retirement Portfolio with the FOOT LOCKER 401(K) PLAN
Introduction Planning for retirement is a critical financial goal, and constructing a diversified asset allocation portfolio is a key component of achieving that goal. The FOOT LOCKER 401(K) PLAN offers a selection of investment options, and in this article, we'll...
Constructing a Diversified Asset Allocation Portfolio for the Community Trust Bancorp Employee Stock Ownership Plan
Planning for retirement is a significant financial milestone, and constructing a well-balanced retirement portfolio is essential to achieve your long-term financial goals. For employees participating in the Community Trust Bancorp, Inc. Employee Stock Ownership Plan...
Retirement Savings: How Much Should You Save For A Comfortable Retirement Life?
High yield bonds, managed correctly, can be a valuable addition to boost fixed income returns.
401k Company Match: How To Maximize Your Free Money
We encourage maximizing 401k match and discuss some details on 401k contributions and match.
May 10, 2021: Financial Independence & Early Retirement
We look at the FIRE Financial Independence, Retire Early investment portfolios and withdrawals.
September 28, 2020: Retirement Spending: Your Portfolio’s Volatility Matters
We look at how the volaitlity of a portfolio affects retirement spending and purchase power again by studying two portfolios.
The History of 401(k) Plans: Retirement Is Now Our Individual Responsibility
The shift from traditional pensions to individual responsibility for retirement savings has been significant for Americans. In the past, workers would receive pensions from their employers upon retirement. However, as many companies have stopped offering pension...
Puzzled on what to invest?
- We ask a few questions to decide your personal return and risk expectations
- We build a custom portfolio for your plan (401(k), 403(b), 529 ...) or for a brokerage account
- We monitor and send timely rebalance emails on what investment funds to buy and sell
Looking for ideas to generate income?
- ETF or mutual fund income portfolios for 4-7% annual income
- Dividend stock funds
- Passive real estate investments
- more ...
Free newsletters
High quality resources for 401k, 403b, 529 retirement plans on investment, contribution, fees, retirement planning and much more ...
Portfolio Calculator (Simulator)
Quickly enter fund allocation and get a back test result on the performance of this 'lazy' portfolio.
Retirement Calculator
See how much you can save for retirement.
Customize Asset Allocation Portfolios
Build a custom model portfolio using our asset strategic or tactical strategies, tailored to a 401(k) plan or for a brokerage account.
Investment Calculator
Grow your wealth and see the power of compounding
Looking for a (forgotten) 401(k)?
Find plan contact info, plan expense, investment options or how to select investments on your 401k plan ...