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BMO U.S. Benefits

Benefits News

401(k) Savings Plan Update
Effective July 28, 2020, current and future 401(k) investments held in the BMO Stable Value Fund will automatically move to the Invesco Stable Value Trust. No action is required.

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Just-in-time (Response to COVID-19)
You can enroll yourself and or eligible dependents in the BMO medical plan mid-year if you are currently not covered under another plan because of uncertainties caused by COVID-19. Normally, you can only enroll in the medical plan during Annual Enrollment or if you have a qualifying life event during the year.

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New Federal regulations provide relief for group health plans, including extended participant deadlines and increased Health Care FSA carryover limits. LEARN MORE

The CARES Act brings financial relief to the 401(k) plan, related to withdrawals, loan repayments and required minimum distribution. LEARN MORE


Need assistance?

Call the Human Resources Centre
1-888-927-7700
Monday through Friday, from 8 a.m. to 5 p.m. CT.