# The Bank Of New York Mellon Corporation 401(k) Plan
Source: https://planprovider.pro/companies/the-bank-of-new-york-mellon-corporation-401k-plan

> The Bank Of New York Mellon Corporation's 401(k) plan: 22,098 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Bank Of New York Mellon Corporation

- **Sponsor EIN:** 132614959

- **Sponsor Address:** 500 ROSS STREET 154-1300, PITTSBURGH, PA, 15262

- **Plan Type:** 401(k)

- **Total Participants:** 22,098

- **Total Assets:** $9.9B

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|22,098|$9.9B|$165.7M|$278.8M|

| 2023|24,183|$9.0B|$181.9M|$278.8M|

| 2022|25,184|$7.8B|$181.8M|$274.5M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| VOYA INSTITUTIONAL PLAN SERVICES|NONE|$93,708|$1,236,066|$1,329,774|

| BNY MELLON SECURITIES CORPORATION|NONE|—|$75,409|$75,409|

| PERSHING LLC|NONE|—|$27,163|$27,163|

| KPMG, LLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [KPMG, LLC](https://planprovider.pro/provider/kpmg-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,432,346

- **Estimated Expense Ratio:** 0.014% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$4,062,834|$3,518,728|—|—|—|

| 2023|$4,131,162|$3,483,781|—|—|—|

| 2022|$4,087,878|$3,448,196|$522,977|—|—|

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