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Retirement plan

THE BANK OF NEW YORK MELLON CORPORATION PENSION PLAN

THE BANK OF NEW YORK MELLONEIN 13-5160382Plan #001PY 2018
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BNY MELLON CENTER, ROOM 3118 - PITTSBURGH, PA 152580001412-234-4840LinkedIn1-10 employeesinvestment management
Prospect flagsHigh retiree %Low returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(412) 234-4840
Plan administrator signer
ROBERT PEREGO
Signed 10/10/2019
Plan administrator entity
BENEFITS ADMINISTRATION COMMITTEE
EIN 135160382
How to read this page

Summary metrics

Total assets (EOY)
$5273M
-4.0% from 2016
Total participants
60,834
+1.6% from 2016
Average account balance
$0
No prior year
Annual return
-11.24%
-8.71 pp from 2016

Benchmarks

See 42 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort42 peers
Snapshot2018
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$0
median $4,259
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $7,764,297
Admin fee / account holder
$0
median $62,356
Annual return
-11.24%
median -4.24%
Overall peer rank
5th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$5.18B
Average account balance
Total assets / participants with a balance (line 6g)
$96K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
48,712
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+3.40%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 18 by compensation
ProviderService typeCompensation
CONDUENT HR CONSULTING, LLC3 years
Service code 11 · EIN 13-3954297
Actuarial
$2,957,207
TIMES SQUARE CAPITAL MGMT4+ years
Service code 28 · EIN 20-1665304
Investment Management
$1,299,391
RIVER ROAD ASSET MANAGEMENT4+ years
Service code 28 · EIN 43-2076925
Investment Management
$1,060,085
BLACKSTONE4+ years
Service code 28 · EIN 13-3637000
Investment Management
$975,509
RIDGEWORTH CAPITAL MGMT4+ years
Service code 28 · EIN 58-1604573
Investment Management
$911,908
GOLDMAN SACHS ASSET MGMT4+ years
Service code 28 · EIN 13-3575636
Investment Management
$772,756
LAZARD ASSET MANAGEMENT4+ years
Service code 28 · EIN 05-0530199
Investment Management
$668,435
BAILLIE GIFFORD INT'L LLC4+ years
Service code 28 · EIN 98-0473976
Investment Management
$660,311
JENNISON ASSOCIATES CAPITAL CORP4+ years
Service code 28 · EIN 13-2631108
Investment Management
$601,386
FRANKLIN TEMPLETON4+ years
Service code 28 · EIN 94-3385113
Investment Management
$596,070

Enrolled actuary

1 attachment
SB

KAREN S. KINOL

BUCK GLOBAL, LLC
Enrollment #1704656
11 STANWIX STREET
SUITE 700
PITTSBURGH, PA 152221312
(412) 281-2506
Signed 2019-09-30

Top hat statement on fileNQDC

Filed August 31, 1990

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1A1C1I3H
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$19.1M
$1698 / participant
  • Investment mgmt$11M59.2%
  • Other / not subdivided$8M40.8%
% of EOY assets
0.362%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
KPMG, LLP
Auditor EIN
135565207
Audit fees
(not subdivided)
Opinion code
Unqualified