The Bank of New York Mellon Corporation
76
Plan:
41
69
87
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 (76) and the top rated plan (87) could equate to:
[How is this calculated?]
[How is this calculated?]
7 additional years of work Up to $86,000 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 Bank of New York Mellon Corporation 401k Savings Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. This plan has a BrightScope Rating of 76. This plan is in the top 15% of plans for Account Balances and Total Plan Cost. The Bank of New York Mellon Corporation 401k Savings Plan currently has over 44,000 active participants and over $3.3B 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 | $3,260,000,000 |
| Total Participants | 44,000 |
| Avg Account Balance | $74,000 |
Compare Other Companies in Peer Group
| AllianceBernstein L.P. | 84.0 |
| Ameriprise Financial | 78.2 |
| RBC USA Holding | 78.1 |
| Humana | 76.0 |
| Edward D. Jones & Co. | 75.7 |
| Cigna | 73.1 |
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