Employer · plans filed under one EIN
The Bank of New York Mellon Corporation
Pittsburgh, PA · Finance and insurance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
The Bank of New York Mellon Corporation, based in Pittsburgh, Pennsylvania, sponsors 2 retirement plans with 100 or more participants: 2 defined contribution. Together they reported 52,835 participant records and $10.2B in net assets.
The largest is The Bank of New York Mellon Corporation 401(k) Savings Plan, an ESOP with a 401(k) feature with 42,007 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $166M and participant contributions $279M in the latest plan years; benefits paid were $928M. Schedule C compensation reported to service provider organisations totalled $1.4M.
Combined net assets moved from $2.90B in 2009 to $10.2B in 2024 (up 250%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| The Bank of New York Mellon Corporation 401(k) Savings Plan | ESOP with a 401(k) feature | 2024 | 42,007 | $9.91B | $235,818 | $7,498 | $1.4M |
| Employee Stock Ownership Plan of the Bank of New York Company, Inc. | employee stock ownership plan | 2024 | 10,828 | $244M | $22,539 | — | $0 |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 52,835 | $10.2B | $166M | $279M |
| 2023 | 2 | 55,207 | $9.14B | $182M | $279M |
| 2022 | 2 | 56,382 | $7.99B | $182M | $275M |
| 2021 | 2 | 56,196 | $9.64B | $169M | $257M |
| 2020 | 2 | 56,552 | $8.43B | $168M | $240M |
| 2019 | 2 | 58,699 | $7.69B | $165M | $232M |
| 2018 | 2 | 59,979 | $6.51B | $166M | $232M |
| 2017 | 2 | 60,298 | $6.99B | $162M | $217M |
| 2016 | 2 | 60,419 | $5.99B | $155M | $203M |
| 2015 | 2 | 61,129 | $5.46B | $136M | $195M |
| 2014 | 2 | 61,533 | $5.51B | $120M | $189M |
| 2013 | 2 | 64,921 | $5.10B | $117M | $183M |
| 2012 | 2 | 63,227 | $4.20B | $111M | $174M |
| 2011 | 2 | 67,727 | $3.66B | $100M | $151M |
| 2010 | 2 | 63,334 | $3.49B | $97.1M | $137M |
| 2009 | 2 | 62,754 | $2.90B | $72.9M | $112M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Voya Institutional Plan Services | Investment advisory (participants); Participant loan processing | 1 | $1,329,774 |
| BNY Mellon Securities Corporation | — | 1 | $75,409 |
| Pershing LLC | — | 1 | $27,163 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does The Bank of New York Mellon Corporation have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: The Bank of New York Mellon Corporation 401(k) Savings Plan and Employee Stock Ownership Plan of the Bank of New York Company, Inc.. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does The Bank of New York Mellon Corporation contribute to its plans?
$165,680,701 in employer contributions across these plans in their latest plan years, about $6,920 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Voya Institutional Plan Services, BNY Mellon Securities Corporation and Pershing LLC. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.