401(k) · DOL Form 5500 · 2024

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

Data updated 2026-07-24

$9.9B
Total assets: 24,183
Participants: 100th
Percentile by assets: $409,757
Avg per participant

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

$9.9B in assets, 24,183 participants

The Bank of New York Mellon Corporation's The Bank of New York Mellon Corporation 401(k) Savings Plan reported $9.9B in total assets and 24,183 participants in its 2024 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.

100th percentile by assets (of 116,472 plans)

Coverage in Pennsylvania

The Bank of New York Mellon Corporation 401(k) Savings Plan covers 24,183 participants in Pennsylvania, 29x the typical Pennsylvania plan (state average ~824 per filing). Assets: $9.9B.

$9.9B
total plan assets (2024 EOY): 24,183
covered participants: 100th
percentile by assets (of 116,472 plans): $409,757
avg assets per participant

The Bank of New York Mellon Corporation 401(k) Savings Plan reported net income fell from $1.1B in the plan year 2023 filing to $953M in the plan year 2024 filing.
The Bank of New York Mellon Corporation 401(k) Savings Plan end-of-year assets rose from $9.0B in the plan year 2023 filing to $9.9B in the plan year 2024 filing.
The Bank of New York Mellon Corporation 401(k) Savings Plan reported participants fell from 25,184 in the plan year 2023 filing to 24,183 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Pennsylvania

Industry

Finance & Insurance

Participants vs Pennsylvania filers

In Pennsylvania, the average filing covers about 824 participants across 5,360 plans. The Bank of New York Mellon Corporation 401(k) Savings Plan reports 24,183 participants - 29x that state average ($9.9B EOY assets).

Pennsylvania filing particulars

Total Assets (Beginning of Year)	$9.0B
Net Assets (End of Year)	$9.9B
Net Income	$953M
Employer EIN	132614959
Plan Effective Date	1987-01-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all The Bank of New York Mellon Corporation plans on file

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

Comcast Corporation Retirement - Investment Plan $19.7B · 90,495
The Cigna Group 401(k) Plan $14.2B · 63,634
The Vanguard Retirement and Savings Plan $11.1B · 18,066
Thermo Fisher Scientific Inc. 401(k) Retirement Plan $10.3B · 36,150
The PNC Financial Services Group, Inc. Incentive Savings Plan $10.2B · 54,604

Compare The Bank of New York Mellon Corporation … side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to The Bank of New York Mellon Corporation 401(k) Savings Plan by total assets, not by location.

Novartis Corporation Investment Savings Plan (NJ) $9.9B · 12,217
The Permanente Medical Group, Inc. Salary Deferral Plan (CA) $9.9B · 21,688
Nokia Savings/401(k) Plan (NJ) $9.8B · 7,104
McKinsey & Company, Inc. (Psrp) Profit Sharing Retirement Plan (NY) $9.8B · 17,700

Frequently Asked Questions

How did The Bank of New York Mellon Corporation 401(k) Savings Plan assets move in 2024? ▼

The Bank of New York Mellon Corporation 401(k) Savings Plan grew at a solid clip - up 10.6% during 2024, from $9.0B to $9.9B. Reported net income was $953M.

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 116,472 plans that reported assets for plan year 2024 (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 Novartis Corporation Investment Savings Plan in NJ ($9.9B, 12,217 participants).

Next read for The Bank of New York Mellon Corporation …

Filing takeaways

Ways to act on The Bank of New York Mellon Corporation 401(k) Savings Plan's numbers.

By total assets, The Bank of New York Mellon Corporation 401(k) Savings Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Pennsylvania. Compare plans
The Bank of New York Mellon Corporation's sponsor-wide assets have grown 27.0% since 2022 across 3 plan years on file. More Finance & Insurance plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.