401(k) · DOL Form 5500 · 2023

The Bank of New York Mellon Corporation 401(k) Plan

Data updated 2026-08-25

$9.0B
Total assets Very large vs avg
25,184
Participants Very large workforce
100th
Percentile by assets National rank
$355,609
Avg per participant High balance/head
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Official DOL plan name: The Bank of New York Mellon Corporation 401(k) Savings Plan · Sponsored by The Bank of New York Mellon Corporation · Pennsylvania · Finance & Insurance

$9.0B in assets, 25,184 participants

The Bank of New York Mellon Corporation's The Bank of New York Mellon Corporation 401(k) Savings Plan reported $9.0B in total assets and 25,184 participants in its 2023 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,844 in Finance & Insurance (8,869 peers)

Coverage in Pennsylvania

The Bank of New York Mellon Corporation 401(k) Savings Plan covers 25,184 participants in Pennsylvania, 31x the typical Pennsylvania plan (state average ~822 per filing). Assets: $9.0B.

#8,844
in Finance & Insurance (8,869 peers)
+14.5%
assets growth YoY
90×
vs typical plan assets (national mean)

The Bank of New York Mellon Corporation 401(k) Savings Plan's outsized position by total assets

The Bank of New York Mellon Corporation 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$8,955,655,142 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

The Bank of New York Mellon Corporation 401(k) Savings Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Bank of New York Mellon Corporation 401(k) Savings Plan is a mega filing (25,184 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Bank of New York Mellon Corporation 401(k) Savings Plan reported net income rose from -$1.6B in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
  • The Bank of New York Mellon Corporation 401(k) Savings Plan end-of-year assets rose from $7.8B in the plan year 2022 filing to $9.0B in the plan year 2023 filing.
  • The Bank of New York Mellon Corporation 401(k) Savings Plan reported participants rose from 25,071 in the plan year 2022 filing to 25,184 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 132614959 · The Bank of New York Mellon Corporation PY 2023 · 401(k)

The Bank of New York Mellon Corporation 401(k) Savings Plan · $9.0B · 25,184 · 100th

  • BOY $9.0B
  • BOY 25,184
  • BOY 100th
  • BOY 401(k)
  • BOY near Kpmg 401(k) Capital Accumulation Plan
  • BOY ind #8844

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Pennsylvania →

The Bank of New York Mellon Corporation 401(k) Savings Plan in the asset neighbourhood

Ubs 401(k) Plan Trust$9.0BThe Bank of New York Mellon Corporation 401(k) Savings PlanThe Bank of New York Mellon …$9.0BKpmg 401(k) Capital Accumulation PlanKpmg 401(k) Capital Accumula…$8.9BSiemens Savings Plan$8.9BUnited Airlines 401(k) Savings PlanUnited Airlines 401(k) Savin…$8.9B
End-of-year total assets ($B) among The Bank of New York Mellon Corporation 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$7.8B
Net Assets (End of Year)$9.0B
Net Income$1.1B
Employer EIN132614959
Plan Effective Date1987-01-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All The Bank of New York Mellon Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$10.2B 27.00784103553791% vs 2022
2024 filing year
$7B$8B$9B$10B$11B 202220232024 $7.99B $10.2B ▲ +27.0%
Year Plans Participants Total Assets
2022 2 27,803 $8.0B
2023 2 27,681 $9.1B
2024 2 26,620 $10.2B

Nearby 401(k) Plans in Pennsylvania

Peer 401(k) plans, same state, same plan type, ranked by total assets.

The Bank of New York Mellon Corporation 401(k) Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. 020000400006000080000100000 5101520 Total assets ($B) Participants The Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 8.955655142 · Participants: 25184The Bank of New York Mellon Corporation 401(k) Savings PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 17.368669862 · Participants: 93136Comcast Corporation Retirement - Investment PlanCigna 401(k) Plan, Total assets ($B): 13.003870935 · Participants: 66760Cigna 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 9.765617477 · Participants: 18200The Vanguard Retirement and Savings PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 9.339762 · Participants: 61697The PNC Financial Services Group, Inc. Incentive Savings PlanGsk 401(k) Plan, Total assets ($B): 8.07293146 · Participants: 11837Gsk 401(k) Plan
The Bank of New York Mellon Corporation 401(k) Savings Plan vs. nearby 401(k) plans in Pennsylvania, assets vs. participants
Compare The Bank of New York Mellon Corporation 401(k) Savings Plan side-by-side with 3 peers →

Scale composition for The Bank of New York Mellon Corporation 401(k) Savings Plan

The Bank of New York Mellon Corporation 401(k) Savings Plan reports $9.0B in end-of-year assets across 25,184 participants (0.073% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.027% of 93,925,755 covered participants) - about $355,609 per participant (2.6x the national average assets-per-participant) . Net income for plan year 2023 was $1.1B.

This plan identity (EIN 132614959, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $7.8B to $9.9B (+26.7%) while covered participants moved from 25,071 to 24,183 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 25,071 $7.8B Open filing
2023 25,184 $9.0B This page
2024 · index core 24,183 $9.9B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

The Bank of New York Mellon Corporation 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Kpmg 401(k) Capital Accumulation Plan in NJ ($8.9B); by covered participants it is Unifi Aviation 401(k) Retirement Plan in GA (25,217 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($9.0B here).

Similar participant headcount

Nearest other-state filings by covered participants (25,184 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Bank of New York Mellon Corporation 401(k) Savings Plan assets move in 2023? ▼
The Bank of New York Mellon Corporation 401(k) Savings Plan grew at a solid clip - up 14.5% during 2023, from $7.8B to $9.0B. Reported net income was $1.1B.
How have The Bank of New York Mellon Corporation plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Bank of New York Mellon Corporation's sponsor-wide assets grew 27.0%, from $8.0B to $10.2B.
Where does The Bank of New York Mellon Corporation 401(k) Savings Plan rank by assets among Form 5500 filers? ▼
The Bank of New York Mellon Corporation 401(k) Savings Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to The Bank of New York Mellon Corporation 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Kpmg 401(k) Capital Accumulation Plan in NJ ($8.9B, 39,527 participants).
Which 401(k) plans cover a similar participant headcount to The Bank of New York Mellon Corporation 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Unifi Aviation 401(k) Retirement Plan in GA (25,217 participants, $102M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 132614959.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.