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Nonprofiteer
← BANKAMERICA GROUP BENEFITS PROGRAM TR

Form 990 for tax year 2024

Filed by BANKAMERICA GROUP BENEFITS PROGRAM TR.

Totals

Total revenue
$2,819,075,101
Total expenses
$2,823,914,831
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,808,163,393
Investment income
$10,911,708
Other revenue
$0
Total assets, end of year
$407,252,163
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$407,252,163
Program services expenses (Part IX)
$2,823,828,466
Management and general expenses
$86,365
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYEE CONTRIBUTIONS

    total $828,907,023 · related or exempt $828,907,023

  • 2b · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $1,979,256,370 · related or exempt $1,979,256,370

  • 3 · Investment income

    total $10,911,708 · unrelated business $10,911,708 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,684,553,814 · program services $2,684,553,814

  • 5 · Compensation of officers, directors and key employees

    total $86,365 · management and general $86,365

  • 24a · Other expenses: CARRIER FEES

    total $79,910,993 · program services $79,910,993

  • 24b · Other expenses: SERVICE PROVIDER FEES/EXPENSES

    total $59,363,659 · program services $59,363,659

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $411,589,672 · end of year $406,749,942

  • 11 · Investments: publicly traded securities

    beginning of year $502,221 · end of year $502,221

  • 29 · Capital stock, trust principal or current funds

    beginning of year $412,091,893 · end of year $407,252,163

Mission and programs · 2024

Mission

PROVIDE EMPLOYEES AND THEIR DEPENDENTS WELFARE BENEFIT PLANS FOR LIFE, SICKNESS, ACCIDENT, MEDICAL, DISABILITY, SEVERANCE, AND OTHER SIMILAR BENEFITS

  • NONE

As filed on the 2024 return.

Listed in Part VII

  • Bank Of America Na

    TRUSTEE

    Total calculated
    $86,365
    From this org
    $86,365
    From related orgs
    $0
    Other
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
24 April 2025
IRS schema version
2024v5.1
Source object
202541149349300929

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