Bank of China 401(k) match, vesting and fees
What Bank of China's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 673 defined-contribution plans in finance and insurance with 1,000 to 4,999 participants.
| Bank of China: employer contribution per participant | $3,454 | |
| Peer median | $2,966 |
| Bank of China: average balance | $144,798 | |
| Peer median | $104,792 |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $130M at the end of plan year 2021 to $170M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,210 | $170M | $4M | $3,454 | — | Not published | Form 5500 ↗ |
| 2023 | 1,157 | $138M | $3.5M | $3,203 | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 1,044 | $110M | $2.8M | $2,801 | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 997 | $130M | $3M | $3,273 | — | Not published | Form 5500 ↗ |
Common questions
Does Bank of China match 401(k) contributions?
The match terms for the Bank of China 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $4M in employer contributions, about $3,454 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bank of China 401(k) match vested?
The vesting schedule for the Bank of China 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bank of China 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Bank of China.
I left Bank of China. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bank of China, (212) 935-3101) or the recordkeeper, Fidelity Investments Institutional. The Bank of China old 401(k) page lists the contacts from every plan filing. Find an old Bank of China 401(k)
Data from the public Form 5500 annual reports Bank of China filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bank of China. Not financial advice. Report a correction · Methodology