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BMO U.S. Benefits

Benefit Options

BMO invests in a comprehensive benefits program that supports your well-being, financial health and learning. You can choose the benefits that are important to you and your family.

Review Introducing your benefits and the information on this site as you prepare to make benefit decisions.

You have 31 calendar days from your hire date (or newly benefit-eligible date) to make your benefit elections for health and insurance plans. Your elections take effect the first day of the month following 30 days of employment.

If you do not enroll during your 31 day window, your next opportunity to enroll will be during Annual Enrollment, unless you experience a qualifying life event.

Benefits Requiring Enrollment
Coverage options
Enrollment actions
Health Care Coverage
Medical Plan Medical Premiums
  • Review the plan highlights and premiums.
  • Check your dependent's eligibility. 
  • Learn about the HSA.
  • Enroll on Workday.
  • Save a copy of your final enrollment elections.


Dental Plan Dental Premiums
Vision Plan Vision Premiums
Health Savings Account (HSA)
Spending Accounts
Health Care Flexible Spending Account (HCFSA)
  • Review the plan highlights.
  • Decide if a before-tax account meets your personal situation.
  • Enroll on Workday.
  • Save a copy of your final enrollment elections. 
Dependent Care Flexible Spending Account (DCFSA)
Commuter Benefits
Life & Accident
Supplemental Life Insurance Supplemental Life & Accident Premiums
  • Review the plan highlights and premiums.
  • Decide if you need Supplemental Life insurance for yourself, spouse/domestic partner and children.
  • Decide if you need Accident insurance.
  • Designate your beneficiaries if you enroll in Supplemental Life or Accident insurance. 
  • Enroll on Workday during the next quarterly enrollment opportunity.
  • Save a copy of your final enrollment elections. 
Family Insurance
Accident Insurance
Disability
Supplemental Long Term Disability (LTD) Insurance LTD Premiums
  • Review the plan highlights and premiums.
  • Decide if you need Supplemental LTD insurance.
  • Enroll on Workday.
  • Save a copy of your final enrollment elections.
Employee Share Purchase
Employee Share Purchase Plan (ESPP)
  • Review the plan highlights.
  • Decide if you want to purchase BMO stock at a 15% discount.
  • Enroll on Workday during the next quarterly enrollment opportunity.

Watch your BMO email for the next ESPP quarterly enrollment opportunity.


BMO automatically provides the following benefits to eligible employees.

Automatic Benefits
BenefitSnapshot
Life & Accident
Basic Life InsuranceCompany-provided coverage equal to your annual base pay, up to $50,000.

Don't forget to designate your beneficiaries on Workday.

Business Travel Accident Insurance (BTA)Financial protection for you and your family while traveling on BMO-related business.
Retirement & Savings
401(k) Plan

You may enroll in the plan immediately. If you take no action, you are automatically enrolled with a 5% before-tax contribution through convenient payroll deduction. Your contributions will begin in one to two pay periods following 60 days of employment. If you do not want to make contributions to the Plan, you must decline enrollment within the first 60 days of employment. Your contributions cannot be refunded if you opt out at a later date.

  • BMO Core Contribution: BMO will credit your account with a Core Contribution equal to 2% of your eligible pay, even if you don’t contribute.
  • BMO Matching Contribution: BMO will match your contribution up to 5%.

You can make changes to your 401(k) account at any time.

Work/Life
Employee Assistance Program (EAP)A free and confidential resource to support the health and well-being of  you and your family.
Time Off
Sick Time
80 paid sick hours each calendar year. Your sick time may be prorated in your year of hire or if you are a part-time employee.
Short Term Disability (STD)Replaces 70-100% of your base pay for 100 days (depending on service).
Vacation, Holidays, Maternity & Parental Leave Paid time off to take a break or spend time with your family, celebrate a holiday and care for and bond with a new baby.
Basic Long Term Disability (LTD)Replaces 60% of your pre-disability base pay after 110 consecutive business days of non-work related disability.

Need assistance?

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