401(k) · DOL Form 5500 · 2024

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

Data updated 2026-08-25

$9.9B
Total assets Very large vs avg
24,183
Participants Very large workforce
100th
Percentile by assets National rank
$409,757
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

$9.9B 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.

  • #8,525 in Finance & Insurance (8,549 peers)

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 ~822 per filing). Assets: $9.9B.

#8,525
in Finance & Insurance (8,549 peers)
+10.6%
assets growth YoY
99×
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 2024 · DOL Form 5500

$9,909,165,024 Highest reported value at or above every one of 123,620 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 2024

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

Plan-year 2024 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 (24,183 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • 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 →

EBSA filing schedule strip

Filing strip 132614959 · The Bank of New York Mellon Corporation PY 2024 · 401(k)

The Bank of New York Mellon Corporation 401(k) Savings Plan · $9.9B · 24,183 · 100th

  • RANK $9.9B
  • PHOTO 24,183
  • IND 100th
  • EOY 401(k)
  • 5500 near Novartis Corporation Investment Savings Plan
  • ASSETS ind #8525

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

The Bank of New York Mellon Corporation 401(k) Savings PlanThe Bank of New York Mellon …$9.9BNovartis Corporation Investment Savings PlanNovartis Corporation Investm…$9.9BThe Permanente Medical Group, Inc. Salary Deferral PlanThe Permanente Medical Group…$9.9BNokia Savings/401(k) Plan$9.8BMcKinsey & Company, Inc. (Psrp) Profit Sharing Retirement PlanMcKinsey & Company, Inc. (Ps…$9.8B
End-of-year total assets ($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 2024.

Pennsylvania filing particulars

Total Assets (Beginning of Year)$9.0B
Net Assets (End of Year)$9.9B
Net Income$953M
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 510152025 Total assets ($B) Participants The Bank of New York Mellon Corporation 401(k) Savings Plan, Total assets ($B): 9.909165024 · Participants: 24183The Bank of New York Mellon Corporation 401(k) Savings PlanComcast Corporation Retirement - Investment Plan, Total assets ($B): 19.687957793 · Participants: 90495Comcast Corporation Retirement - Investment PlanThe Cigna Group 401(k) Plan, Total assets ($B): 14.20308608 · Participants: 63634The Cigna Group 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 11.084818612 · Participants: 18066The Vanguard Retirement and Savings PlanThermo Fisher Scientific Inc. 401(k) Retirement Plan, Total assets ($B): 10.263366209 · Participants: 36150Thermo Fisher Scientific Inc. 401(k) Retirement PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 10.189629 · Participants: 54604The PNC Financial Services Group, Inc. Incentive Savings 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 $9.9B in end-of-year assets across 24,183 participants (0.080% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.026% of 93,925,755 covered participants) - about $409,757 per participant (3.0x the national average assets-per-participant) . Net income for plan year 2024 was $953M.

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 Open filing
2024 · index core 24,183 $9.9B This page

The same sponsor also keeps 1 other index-core plan 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 Novartis Corporation Investment Savings Plan in NJ ($9.9B); by covered participants it is Jetblue Airways Retirement Plan in NY (24,253 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($9.9B here).

Similar participant headcount

Nearest other-state filings by covered participants (24,183 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 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 123,622 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).
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 Jetblue Airways Retirement Plan in NY (24,253 participants, $5.4B in assets).

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.