Enrollment
Once you’ve reviewed the information about your BMO benefits, be sure to enroll on Workday, BMO's enrollment platform.
| For These Benefits | How To Enroll |
|---|---|
|
|
| 401(k) Plan | You will be automatically enrolled in the 401(k) Plan at a 5% before-tax payroll contribution following 30 days of employment.
You can review, change, or opt out of the 401(k) Plan at any time: Inside BMO Network:
Outside BMO Network: Go to Empower using your username and password. Or, call Empower at 1-844-SAV-401k |
| Employee Share Purchase Plan |
Access your ESPP account online: Inside BMO network:
From Any Internet-enabled Device:
Prefer to speak with someone?
|
| Commuter Benefits | Choose to join at any time during the year. Elections must be made by the 10th of the month prior to the effective month (4th of the month for Long Island or Metro-North Railroad in New York):
|
Benefit changes during the year
If you have a qualifying life event during the year, you can make changes to your benefits, within 31 calendar days of the event. Here’s how:
- Go to Workday, click My Benefits & Retirement application
- Select your network status (on or off the BMO network)
- Click Log your Life event tile
Your new coverage will be effective from the date of the event.
