The IRS limits the total amount you can contribute each year to a 401(k) plan. Limit is $23,000 for 2024.
For those over 50 years old, you can make additional “catch-up” contributions to your 401(k) plan. Limit is $7,500 for 2024.
Individual Funds/Trusts
Target Retirement Portfolios
* Bank of America 401k plan participates are invested in collective trusts managed by the Blackrock Institutional Trust Company. Link to Institutional share class of LifePath funds provided for illustrative purposes only.
Other Investment Options
Bank of America employees invested in the following funds based on public filings as of 12/31/2022.
| Investment | Value ($ millions) | % |
| Stable Value Fund | $ 6,393 | 14% |
| Vanguard Institutional 500 Index Trust | $ 5,988 | 13% |
| Bank of America Common Stock | $ 5,817 | 12% |
| Dodge & Cox Stock Fund | $ 3,888 | 8% |
| TRowePrice Inst Lg Cap Growth Trust I | $ 4,271 | 8% |
| Vanguard Inst Extended Market Index | $ 3,258 | 7% |
| Blackrock Equity Dividend Fund M | $ 1,921 | 4% |
| MFS International Growth Fund | $ 1,679 | 4% |
| Blackrock US Fun. Lg Cap Growth | $ 1,345 | 3% |
| Western Asset Core Bond Trust R3 | $ 1,114 | 3% |
| All other | 27% | |
| Total Assets (excluding participant loans) | $ 46,673 | 100% |
| Source: Form 5500 filed July 28, 2023 |
