Bmo Financial 401(k) match, vesting and fees
What Bmo Financial'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 | Empower Annuity Insurance Company | Schedule C ↗ |
| Independent auditor | Gjc Cpa'S & Advisors (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 104 defined-contribution plans in finance and insurance with 10,000 to 49,999 participants.
| Bmo Financial: employer contribution per participant | $5,281 | |
| Peer median | $3,632 |
| Bmo Financial: average balance | $169,333 | |
| Peer median | $158,797 |
| Bmo Financial: admin expenses ÷ assets | 0.02% | |
| Peer median | 0.04% |
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 $4.5B at the end of plan year 2023 to $5B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 29,464 | $5B | $155M | $5,281 | 0.02% | Not published | Form 5500 ↗ |
| 2023 | 30,897 | $4.5B | $135M | $4,397 | 0.03% | Not published | Form 5500 ↗ |
Other Bmo Financial plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Bmo U.S. Pension Plan
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.
| Independent auditor | Gjc Cpa'S & Advisors (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Bmo Financial match 401(k) contributions?
The match terms for the Bmo 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $155M in employer contributions, about $5,281 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Bmo Financial 401(k) match vested?
The vesting schedule for the Bmo 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Bmo Financial 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company. The plan administrator is Benefits Administration Committee.
I left Bmo Financial. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Benefits Administration Committee, (312) 848-8155) or the recordkeeper, Empower Annuity Insurance Company. The Bmo Financial old 401(k) page lists the contacts from every plan filing. Find an old Bmo Financial 401(k)
Data from the public Form 5500 annual reports Bmo Financial filed with the U.S. Department of Labor (plan years 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 Bmo Financial. Not financial advice. Report a correction · Methodology