BrightScope Rating
Company:
The Bank of New York Mellon Corporation
Plan:
The Employee Savings & Investment Plan of The Bank of New York Company, Inc.
The Bank of New York Mellon Corporation
74
Plan:
8
64
91
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 17 point difference between this plan's BrightScope Rating (74) and the top rated plan (91) could equate to:
[How is this calculated?]
[How is this calculated?]
12 additional years of work Up to $303,700 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
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 74. This plan is in the top 15% of plans for Salary Deferrals, Total Plan Cost, Investment Menu Quality, and Account Balances. The Employee Savings & Investment Plan of The Bank of New York Company, Inc. currently has over 15,000 active participants and over $1.1B 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 | $1,160,000,000 |
| Total Participants | 21,000 |
| Avg Account Balance | $55,000 |
Top 3 Investment Holdings
| 1. | The Bank of New York Mellon Corporation Common Stock | 45% |
| 2. | BNY Hamilton Money Fund | 9% |
| 3. | BNY Hamilton Large Cap Equity | 6% |
Other Companies in Peer Group
| The Vanguard Group | 79.4 |
| Aon | 76.9 |
| Farmers Group | 70.4 |
| Fifth Third Bank | 67.8 |
| Board of Trustees Mason Tenders'... | 45.3 |
Comments