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Retirement & Savings > 401(k) Savings Plan
The 401(k) Plan gives you flexibility on how you save for retirement. The Plan offers tax advantages, BMO contributions and a variety of professionally managed
Below is a high-level overview of the 401(k) Savings Plan. For details, review the 401(k) SPD.
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.
For details, review the
401(k) Savings Plan Update.
You are eligible to enroll and begin making contributions immediately. You can review and change your contribution rate at any time. Your changes take effect with the next possible pay period.
Auto-Save for new hires:
Choose before-tax 401(k) contributions, after-tax Roth 401(k) contributions or any combination of both.
Loans and Withdrawals
When You Leave BMO
Use these valuable resources to maximize the 401(k) Plan:
Here are some tools to help you get the most from the 401(k) Plan.
Talk to your financial or tax advisor for further information and guidance on choosing the 401(k) investment options that meet your retirement savings needs.
401(k) Account Access
401(k) Beneficiary Designation Form
401(k) Annual Fee Disclosure
401(k) Savings Plan Annual Updates/Required Legal Notices
Safe Harbor Notice of Plan Provisions
Qualified Default Investment Alternative Notice
401(k) Plan Automatic Enrollment Notice
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Bank of Montreal