The Bank of New York Mellon Corporation
75
Plan:
36
70
86
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 11 point difference between this plan's BrightScope Rating (75) and the top rated plan (86) could equate to:
[How is this calculated?]
[How is this calculated?]
6 additional years of work Up to $80,900 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.
Retirement Plan Description
The Employee Savings & Investment Plan of the Bank of New York Company, Inc. is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 75. This plan is in the top 15% of plans for Investment Menu Quality and Total Plan Cost. The Employee Savings & Investment Plan of the Bank of New York Company, Inc. currently has over 21,100 active participants and over $1.2B in plan assets.
Retirement Plan Details
| Address |
Bny Mellon Center, Room 3118
Pittsburgh, PA 15258-0001 |
| Industry | Finance and Insurance |
| Administrator | Robert M. Perego |
| Net Plan Assets | $1,160,000,000 |
| Total Participants | 21,000 |
| Avg Account Balance | $55,000 |
Compare Other Companies in Peer Group
| AllianceBernstein L.P. | 85.5 |
| The Chubb | 78.1 |
| Ameriprise Financial | 73.3 |
| Unum Group | 72.8 |
| Humana | 72.3 |
| Fidelity National Financial | 65.3 |
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