BrightScope Rating
Company:
The Bank of New York Mellon Corporation
Plan:
Retirement Savings Plan of BNY Securities Group
The Bank of New York Mellon Corporation
81
Plan:
6
63
90
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 9 point difference between this plan's BrightScope Rating (81) and the top rated plan (90) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $328,100 in lost retirement savings.The delay in retirement calculations apply solely to this defined contribution plan
and do not take into account other retirement plans and programs offered by this employer.
Plan Description
Retirement Savings Plan of BNY Securities Group is a defined contribution plan with a 401k feature. This plan has a BrightScope Rating of 81, placing it in the top 15% of all plans in its peer group. This plan is also in the top 15% of plans for Company Generosity, Salary Deferrals, Total Plan Cost, Investment Menu Quality, and Account Balances. Retirement Savings Plan of BNY Securities Group currently has over 3,000 active participants and over $366.3M in plan assets.
Plan Details
| Address | One Mellon Center, Room 0705 Pittsburgh, PA 15258 |
| Industry | Commercial Banking |
| Administrator | Robert M. Perego |
| Net Plan Assets | $366,000,000 |
| Total Participants | 3,700 |
| Avg Account Balance | $98,000 |
Top 3 Investment Holdings
| 1. | Fidelity Managed Income Portfolio | 16% |
| 2. | Fidelity Contrafund | 10% |
| 3. | Vanguard Institutional Index | 7% |
Other Companies in Peer Group
| BlackRock | 82.9 |
| Brown Brothers Harriman & Co. | 77.7 |
| Morgan Keegan & Company | 75.7 |
| Hilb Rogal & Hobbs Company | 69.1 |
| Mercury General | 68.5 |
| Raymond James Financial | 55.7 |
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