The Bank of New York Mellon Corporation
42
Plan:
41
69
87
0
10
20
30
40
50
60
70
80
90
100
For the average 401k participant, the 45 point difference between this plan's BrightScope Rating (42) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
19 additional years of work Up to $317,400 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
Employee Stock Ownership Plan of the Bank of New York Company, Inc. is a defined contribution plan with a ESOP component. This plan has a BrightScope Rating of 42. This plan is in the top 15% of plans for Participation Rate and Total Plan Cost. Employee Stock Ownership Plan of the Bank of New York Company, Inc. currently has over 19,200 active participants and over $228.3M in plan assets.
Retirement Plan Details
| Address |
Bny Mellon Center, Room 3118
Pittsburgh, PA 15258-0001 |
| Industry | Finance and Insurance |
| Administrator | Robert Perego |
| Net Plan Assets | $228,000,000 |
| Total Participants | 19,000 |
| Avg Account Balance | $12,000 |
Compare Other Companies in Peer Group
| Fremont Investors | 87.4 |
| DRW Holdings, LLC | 82.3 |
| Waddell & Reed Financial | 75.9 |
| New Jersey Resources | 72.6 |
| Nelnet | 69.1 |
| Community Bank System | 63.6 |
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