Form 5500 · Employee benefit plan · CHARLOTTE, NC
BANK OF AMERICA CORPORATION
The filing calls this plan BANK OF AMERICA RETIREE GROUP BENEFITS PROGRAM.
Public Form 5500 records show how BANK OF AMERICA CORPORATION of CHARLOTTE, NC, a corporate management employer, structures its employee benefits. Its broker of record is MARSH USA LLC. Coverage is written through SIERRA HEALTH AND LIFE INSURANCE COMPANY, INC. and 15 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 56-0906609 · plan 502 · plan year 2025, filed Sep 24, 2026
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How this plan is funded
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Also declared: other welfare.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 21 insured contracts covering health, dental, vision and life; the largest, with SIERRA HEALTH AND LIFE INSURANCE COMPANY, INC., covers 16,690 people.
Reported premium is $63,060,913; the filing discloses no broker commission on these contracts.
The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.
MARSH USA LLC is the broker of record on 1 of the 21 contracts; the rest name a different broker or none.
16 carriers appear on the filing, including SIERRA HEALTH AND LIFE INSURANCE COMPANY, INC., METROPOLITAN LIFE INSURANCE COMPANY, KAISER FOUNDATION HEALTH PLAN INC. (NO. CALIFORNIA) and AETNA LIFE INSURANCE COMPANY. SIERRA HEALTH AND LIFE INSURANCE COMPANY, INC. writes the largest contract by premium.
Schedule A insurance contracts
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. The service providers are named on Schedule C of this filing. We publish company names only.
Money the plan held and paid out
Sourced from U.S. DOL EFAST2 Form 5500 · Schedule H
These are the plan's own figures from Schedule H, the financial statement it files. They are not the premium on Schedule A.
Other plans filed by this employer
How this plan compares
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