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Retirement plan

THE BANK OF NEW YORK MELLON CORPORATION PENSION PLAN

THE BANK OF NEW YORK MELLONEIN 13-5160382Plan #001PY 2022
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BNY MELLON CENTER, ROOM 3118 - PITTSBURGH, PA 152580001800-947-4748LinkedIn1-10 employeesinvestment management
Prospect flagsHigh retiree %Wind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(800) 947-4748
Plan administrator signer
DEBORAH KATZ
Signed 10/02/2023
Plan administrator entity
BENEFITS ADMINISTRATION COMMITTEE
EIN 135160382
How to read this page

Summary metrics

Total assets (EOY)
$4968.3M
-4.0% from 2016
Total participants
56,174
+1.6% from 2016
Average account balance
$0
No prior year
Annual return
-17.72%
-8.71 pp from 2016

Benchmarks

See 169 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort169 peers
Snapshot2022
Participant deferral / active EE
$0
median $38
Employer contribution / active EE
$0
median $6,355
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
-17.72%
median -14.53%
Overall peer rank
30th 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 19 by compensation
ProviderService typeCompensation
BUCK GLOBAL, LLC4 years
Service code 11 · EIN 13-3954297
Actuarial
$3,144,225
CHAMPLAIN INVESTMENT PARTNERS2 years
Service code 28 · EIN 20-1364717
Investment Management
$1,503,955
RIVER ROAD ASSET MANAGEMENT8+ years
Service code 28 · EIN 43-2076925
Investment Management
$1,186,793
FIERA CAPITAL1 year
Service code 28 · EIN 13-2726734
Investment Management
$955,823
TIMES SQUARE CAPITAL MGMT8+ years
Service code 28 · EIN 20-1665304
Investment Management
$817,666
PGIM, INC.3 years
Service code 28 · EIN 22-2540245
Investment Management
$734,682
LOOMIS SAYLES & COMPANY, LP3 years
Service code 28 · EIN 04-3200030
Investment Management
$699,717
LEGG MASON, INC.3 years
Service code 28 · EIN 52-1200960
Investment Management
$656,837
METLIFE INVESTMENT MANAGEMENT2 years
Service code 28 · EIN 82-2405817
Investment Management
$655,174
WELLINGTON GROUP HOLDINGS LLP2 years
Service code 28 · EIN 47-1167553
Investment Management
$639,908

Enrolled actuary

1 attachment
SB

KAREN S. KINOL

BUCK GLOBAL, LLC
Enrollment #2304656
11 STANWIX STREET
SUITE 700
PITTSBURGH, PA 152221312
(412) 281-2506
Signed 2023-09-29

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

2 tripped
  • 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
$19.9M
$2697 / participant
  • Investment mgmt$12M58.0%
  • Other / not subdivided$8M42.0%
% of EOY assets
0.400%
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