Providers › Trustee and custodial
Service provider · Schedule C, plan year 2024
The Bank of New York Mellon
Most often reported for trustee and custodial
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. Schedule C lists only providers a plan paid $5,000 or more, and is filed only by plans with 100 or more participants.
The Bank of New York Mellon is named as a service provider on the Schedule C of 374 retirement plans with 100 or more participants for plan year 2024, covering 7,862,665 participant records. Most often it is reported for trustee and custodial.
Reported compensation from those plans, direct and indirect, totalled $102M. Per plan, the median was $29.08 per participant, with the middle half of plans between $10.57 and $62.38. These are amounts plans reported paying this organisation, not a price list: they depend on which services each plan buys and on how much is paid through fund expenses instead.
Its client plans are most numerous in New York (73), Pennsylvania (39) and California (26).
In 2009 it appeared on 369 such filings; in 2024, 387 (up 5%). Yearly counts include every filing that names it, so they can run slightly above the number of plans with pages here, and name or EIN changes after mergers can break the series.
Reported compensation per plan
| Across this provider's plans | 25th percentile | Median | 75th percentile |
|---|---|---|---|
| Compensation per participant | $10.57 | $29.08 | $62.38 |
| Compensation as a share of plan net assets | 0.01% | 0.03% | 0.07% |
What each plan reported paying this organisation, not the plan's total cost. For reference, the median US defined contribution plan reported $123 per participant to all Schedule C providers combined.
Plans served by year
Matched by employer identification number. A merger or a change of filing entity starts a new series, so a drop to zero is not a loss of clients by itself.
By state
By plan size
Services reported
Largest plans naming this provider
| Plan | Sponsor | State | Participants | Net assets | Reported to this provider |
|---|---|---|---|---|---|
| National Electrical Benefit Fund | Trustees of the National Electrical Benefit Fund | MD | 693,723 | $19.3B | $1.3M |
| Int'l Brotherhood of Electrical Workers' Pension Benefit Fund | International Brotherhood of Electrical Workers' Pension Benefit Fund | DC | 603,067 | $2.71B | $1.7M |
| The Teamster - UPS National 401(k) Tax Deferred Savings Plan | Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan | GA | 478,185 | $19.3B | $748K |
| CVS Health Future Fund 401(k) Plan | CVS Health Corporation | RI | 385,927 | $30.1B | $1.5M |
| Central States, Southeast & Southwest Areas Pension Plan | Trustees of Central States, SE and SW Areas Pension Fund | IL | 332,020 | $38.3B | $8.7M |
| RTX Consolidated Pension Plan | RTX Corporation | CT | 281,638 | $41.6B | $4.8M |
| UPS Pension Plan | United Parcel Service of America, Inc. | GA | 246,785 | $9.28B | $759K |
| Central Pension Fund of the IUOE & Participating Employers | Board of Trustees of the CPF of the IUOE and Participating Employers | DC | 233,478 | $27.4B | $998K |
| National Electrical Annuity Plan | Trustees of the National Electrical Annuity Plan | MD | 182,716 | $16.8B | $1.1M |
| UPS Retirement Plan | United Parcel Service of America, Inc. | GA | 144,570 | $21.2B | $1.4M |
| UPS 401(k) Savings Plan | United Parcel Service of America, Inc. | GA | 134,811 | $14.2B | $3.0M |
| UFCW No. California Employers Joint Pension Plan | Board of Trustees, UFCW No. California Employers Joint Pension Plan | CA | 130,691 | $2.89B | $2.3M |
| Citi Retirement Savings Plan | Citigroup Inc. | CT | 121,279 | $23.2B | $989K |
| The Citigroup Pension Plan | Citigroup Inc. | CT | 119,922 | $9.84B | $1.6M |
| The PNC Financial Services Group, Inc. Pension Plan | The PNC Financial Services Group, Inc. | PA | 115,646 | $5.53B | $931K |
| Upmc 401(a) Retirement Savings Plan | Upmc | PA | 112,002 | $4.90B | $223K |
| Nordstrom 401(k) Plan | Nordstrom, Inc. | WA | 109,402 | $4.29B | $1.0M |
| Ups/ibt Full-Time Employee Pension Plan | Board of Trustees of the Ups/ibt Full-Time Pension Plan | GA | 102,332 | $12.2B | $657K |
| Upmc Basic Retirement Plan | Upmc | PA | 100,852 | $3.01B | $515K |
| Bakery & Confectionery Union & Industry International Pension Fund | Joint Board of Trustees, Bakery & Confectionery Union & Industry | MD | 99,660 | $6.56B | $179K |
| Upmc 403(b) Retirement Savings Plan | Upmc | PA | 93,730 | $4.73B | $206K |
| Liberty Mutual Retirement Benefit Plan | Liberty Mutual Group Inc. | MA | 71,087 | $6.25B | $589K |
| Allstate Retirement Plan | The Allstate Corporation | TX | 64,168 | $4.04B | $118K |
| Liuna National (Industrial) Pension Fund | Board of Trustees of the Liuna National (Industrial) Pension Fund | DC | 62,697 | $1.51B | $166K |
| Pacific Gas and Electric Company Retirement Plan | Pacific Gas and Electric Company | CA | 58,892 | $17.5B | $1.1M |
| National Elevator Industry Pension Plan | National Elevator Industry Pension Plan Plan Board of Trustees | PA | 54,107 | $11.7B | $842K |
| American Federation of Musicians and Employers' Pension Fund and Subsidiary | Board of Trustees of the American Federation of Musicians and Employe | NY | 52,611 | $3.13B | $733K |
| The Goldman Sachs 401(k) Plan | The Goldman Sachs Group, Inc. | NY | 49,526 | $12.8B | $185K |
| HP Inc. Pension Plan | HP Inc. | TX | 48,302 | $4.59B | $728K |
| 3M Voluntary Investment Plan and Employee Stock Ownership Plan | 3M Company | MN | 40,574 | $10.6B | $20K |
| Employees' Retirement Plan of Duke University | Duke University | NC | 40,202 | $2.78B | $234K |
| University Hospitals Health System, Inc. Retirement Plan | University Hospitals Health System | OH | 38,884 | $919M | $13K |
| Newyork-Presbyterian Pension Plan | The New York and Presbyterian Hospital | NY | 38,699 | $2.50B | $579K |
| Fiserv 401(k) Savings Plan | Fiserv Solutions, LLC. | WI | 36,649 | $5.13B | $240K |
| HP Inc. 401(k) Plan | HP Inc. | TX | 36,268 | $10.3B | $128K |
| Glaxosmithkline Cash Balance Pension Plan | Glaxosmithkline LLC | PA | 35,701 | $2.90B | $483K |
| McKinsey & Company, Inc. (PSRP) Profit Sharing Retirement Plan | McKinsey & Company, Inc. | NY | 35,298 | $9.81B | $125K |
| Eastern Atlantic States Carpenters Annuity Fund | Board of Trustees Eastern Atlantic States Carpenters Annuity Fund | PA | 34,950 | $2.17B | $159K |
| Highmark Retirement Plan | Highmark Health | PA | 34,883 | $2.99B | $1.5M |
| Time Warner Cable Pension Plan | Charter Communications, Inc. | NC | 34,730 | $2.29B | $80K |
Questions and answers
How many plans does The Bank of New York Mellon serve?
374 plans with 100 or more participants named it on Schedule C for plan year 2024. Plans that paid it under $5,000, small plans that file Form 5500-SF, and plans whose filings spell its name without an EIN under a different form are not counted.
What do plans pay The Bank of New York Mellon?
The median plan reported $29.08 per participant in direct and indirect compensation (374 plans reporting an amount), or 0.03% of plan net assets. Eligible indirect compensation disclosed to the plan by formula is not reported as a dollar amount, so many filings understate what a provider receives.
What services are reported?
The service codes most often attached to it are Trustee (bank, trust company, or similar financial institution) (196 plans), Custodial (securities) (161 plans), Custodial (other than securities) (117 plans) and Investment management (79 plans).
Where does this come from?
Schedule C of Form 5500, Part I line 2, from the EBSA research files with filings received through 24 Aug 2026. Individuals named on Schedule C are excluded from this site.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, Schedule C Part I line 2, public domain, with filings received through 24 Aug 2026. Rows are grouped by the provider's EIN as entered by each plan; rows without an EIN join the EIN most often filed under the same name. Providers named on fewer than 25 plans have no page. See the methodology and corrections.