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
83
Plan:
8
64
91
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 8 point difference between this plan's BrightScope Rating (83) and the top rated plan (91) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $351,100 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 profit-sharing component, stock bonus component, and 401k feature. This plan has a BrightScope Rating of 83, 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 3,100 active participants and over $295.1M in plan assets.
Plan Details
| Address | Bny Mellon Center, Room 3118 Pittsburgh, PA 15258 |
| Industry | Other Financial Investment Activities Including Investment Advice and Management |
| Administrator | Robert M. Perego |
| Net Plan Assets | $295,000,000 |
| Total Participants | 3,800 |
| Avg Account Balance | $77,000 |
Top 3 Investment Holdings
| 1. | Fidelity Managed Income Portfolio | 21% |
| 2. | Fidelity Contrafund | 8% |
| 3. | Vanguard Institutional Index | 8% |
Other Companies in Peer Group
| Great-West Life & Annuity... | 78.3 |
| Equifax | 71.6 |
| Crawford & Company | 68.8 |
| Excellus Health Plan | 66.8 |
| Board of Trustees of Sheet Metal... | 57.8 |
| The Bear Stears Companies | 48.1 |
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