BNY Mellon Employee Benefit: 401K Plan | Glassdoor

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BNY Mellon 401K Plan

Updated Jan 09, 2015

279 employees reported this benefit

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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 149
  • Jan 22, 2018
    StarStarStarStarStar Former Employee in New York, New York State

    High match threshold for employees

  • Jan 20, 2018
    StarStarStarStarStar Current Software Architect in Florham Park, New Jersey

    The company match is good at dollar-for-dollar on first 4%, then $0.50 per dollar up to 6.5%; easy to max out the company match without having a lot taken from each paycheck. Company also gives annual one-time payouts to the 401(k) based on company performance and job level, in addition to the regular match. This is something I haven't seen with any other employer and really boosts the overall savings. The funds offered are from smaller / less well known firms like Blackrock, and none of them have a publicly listed symbol that can be tracked on Yahoo Finance or other tracking platforms. Only way to see fund performance is log into the account management system. The funds have higher expense ratios than funds from companies like Vanguard, and many are newer funds with only a few years of performance history to go by, making it harder to make an educated choice about where to invest. Plan also offers a fully active management option for a monthly fee, but it's based on percentage of total dollar value and doing the math it doesn't seem like a good deal for expected average performance.

  • Jan 02, 2018
    StarStarStarStarStar Current Employee in Pittsburgh, Pennsylvania

    Nice match with 5% on 6%, plus 2% non-elective

  • Nov 28, 2017
    StarStarStarStarStar Current Trade Specialist in Boston, Massachusetts

    Dollar for dollar matching up to 6%

  • Nov 28, 2017
    StarStarStarStarStar Former Employee in Pittsburgh, Pennsylvania

    It is average, but it does have some very good insight tools.

  • Nov 06, 2017
    StarStarStarStarStar Current Senior Portfolio Analyst in Philadelphia, Pennsylvania

    It would be better if matched at 100%

  • Oct 25, 2017
    StarStarStarStarStar Current Employee in Orlando, Florida

    100% match up to 4%

  • Oct 20, 2017
    StarStarStarStarStar Current Vice President in Pittsburgh, Pennsylvania

    Matching opportunity up to 5%, counseling opportunities available at no cost.

  • Sep 26, 2017
    StarStarStarStarStar Former Employee in Pittsburgh, Pennsylvania

    There was a 5%, immediately vested match every pay, on top of a 2% annual match with a three year cliff vesting schedule.

  • Sep 21, 2017
    StarStarStarStarStar Current Employee in Brooklyn, New York State

    Only match up to 4% dollar for dollar after that it's only .50 on the dollar.

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