Employee Stock Ownership Plan of the Bank of New York Company, Inc.

Reviewed by PlainRetire Editorial, Retirement Plans Editorial Team

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by The Bank of New York Mellon Corporation · Pennsylvania · Finance & Insurance

What the 2023 filing shows

Employee Stock Ownership Plan of the Bank of New York Company, Inc. holds $171M for 2,732 participants — about $62,591 per participant, down 27.5% over the 2022 plan year.

$171M
total plan assets (2022 EOY): 2,732
covered participants: $62,591
avg assets per participant: -27.5%
assets change YoY

The plan reported a net loss of $47M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)

$171M

Participants

2,732

State

Pennsylvania

Industry

Finance & Insurance

What the Filing Says About Employee Stock Ownership Plan of the Bank of New York Company, Inc.

Employee Stock Ownership Plan of the Bank of New York Company, Inc. is a ESOP retirement plan sponsored by The Bank of New York Mellon Corporation, headquartered in Pennsylvania. As of the 2022 Form 5500 filing, the plan reports $171M in total end-of-year assets and covers 2,732 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 132614959, and the plan has been effective since 1986-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $236M at the beginning of 2022 to $171M at year-end — a decline of 27.5%. Net assets (after liabilities) closed the year at $171M, with reported net income of $-46,899,424 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)	$236M
Total Assets (End of Year)	$171M
Net Assets (End of Year)	$171M
Net Income	$-46,899,424
Plan Type	ESOP
Employer EIN	132614959
Plan Effective Date	1986-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (The Bank of New York Mellon Corporation)

Year	Plans	Participants	Total Assets
2022	2	27,803	$8.0B
2023	2	27,681	$9.1B
2024	2	26,620	$10.2B

Nearby ESOP Plans in Pennsylvania

Peer ESOP plans — same state, same plan type — ranked by total assets.

Main Line Health, Inc. Retirement Savings Plan $1.5B · 13,659
Employee Stock Ownership Plan of the Bank of New York Company, Inc. $185M · 2,497
Gt Services LLC Savings and Investment Plan $157M · 1,054
Airline Hydraulics Corporation Employee Stock Ownership Plan $117M · 344
Hamot Health Foundation Employee Tax-Deferred Savings Plan $69M · 764

Compare Employee Stock Ownership Plan of the Ban… side-by-side with 3 peers →

Related Data

Guides

Frequently Asked Questions

How much money is in the Employee Stock Ownership Plan of the Bank of New York Company, Inc.? ▼

As of the 2022 Form 5500 filing, Employee Stock Ownership Plan of the Bank of New York Company, Inc. holds $171M in total assets with 2,732 participants. It is sponsored by The Bank of New York Mellon Corporation.

What type of plan is Employee Stock Ownership Plan of the Bank of New York Company, Inc.? ▼

Employee Stock Ownership Plan of the Bank of New York Company, Inc. is a ESOP plan. It has been effective since 1986-01-01. The plan is filed with the U.S. Department of Labor under EIN 132614959.

Who sponsors the Employee Stock Ownership Plan of the Bank of New York Company, Inc.? ▼

Employee Stock Ownership Plan of the Bank of New York Company, Inc. is sponsored by The Bank of New York Mellon Corporation, located in Pennsylvania. The sponsor's EIN is 132614959 and the plan operates in the Finance & Insurance industry.

How did Employee Stock Ownership Plan of the Bank of New York Company, Inc. perform in 2022? ▼

Employee Stock Ownership Plan of the Bank of New York Company, Inc. declined by 27.5% during 2022, moving from $236M to $171M in total assets. Net income was $-46,899,424.

Where can I find official filings for Employee Stock Ownership Plan of the Bank of New York Company, Inc.? ▼

Official Form 5500 filings for Employee Stock Ownership Plan of the Bank of New York Company, Inc. are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 132614959 or plan name at efast.dol.gov.

How does Employee Stock Ownership Plan of the Bank of New York Company, Inc. compare to other plans? ▼

You can compare Employee Stock Ownership Plan of the Bank of New York Company, Inc. against other ESOP plans on the plan type page, or view plans in Pennsylvania on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.