BMO Financial Group Employee Benefit: 401K Plan | Glassdoor

BMO Financial Group 401K Plan

44 employees reported this benefit

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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 11
  • Oct 09, 2018
    StarStarStarStarStar Former Intern - Hourly in Chicago, Illinois

    I was a intern for the summer so I did nit get the opportunity to be exposed to all of the benefits that BMO had to offer.

  • Dec 04, 2017
    StarStarStarStarStar Current Risk Management in Chicago, Illinois

    They match every dollar up to 5% which is nice and comparable to like companies. However, not as powerful as the pension that used to be offered. those are a rarity these days.

  • Feb 22, 2017
    StarStarStarStarStar Current Sr Data Analyst in Chicago, Illinois

    5% match currently and I believe it should be increasing as the pension plan will no longer be funded, increasing match on 401k to 7% as long as you put in your 5%.

  • Dec 07, 2016
    StarStarStarStarStar Former Employee in Chicago, Illinois

    The match amount should be higher since they eliminated the pension plan.

  • Jun 20, 2016
    StarStarStarStarStar Current Compliance Specialist Senior Manager in Chicago, Illinois

    The match and immediate vesting are nice. It's a pretty typical 401K plan for the industry.

  • Apr 11, 2016
    StarStarStarStarStar Former Manager of Corporate Groups in Brookfield, Wisconsin

    5% match on all 401K contributions

  • Nov 05, 2015
    StarStarStarStarStar Former Employee in Chicago, Illinois

    The rate is on industry average.

  • Jul 28, 2015
    StarStarStarStarStar Current Employee in Seattle, Washington State

    Just one plan, two options and limited investment choices. Not too great when you work for a financial firm.

  • Jun 02, 2015
    StarStarStarStarStar Former Financial Services Manager in Milwaukee, Wisconsin

    Great program. Gives you full access to plan your 401k and allows you to change it at any point.

  • May 19, 2015
    StarStarStarStarStar Current Vice President in Chicago, Illinois

    Great plan with a company match.

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