BNY Mellon Employee Benefit: 401K Plan | Glassdoor

BNY Mellon 401K Plan

Updated Jan 09, 2015

293 employees reported this benefit

3.8
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Employee Comments

Showing 1–10 of 156
  • Jun 07, 2018
    StarStarStarStarStar Former Senior Investor Relations Associate in Westborough, Massachusetts

    Employer match is $100% of the first 6% and 3% of annual salary for profit sharing

  • Jun 07, 2018
    StarStarStarStarStar Current Employee in King of Prussia, Pennsylvania

    They match from first day of employment.

  • May 22, 2018
    StarStarStarStarStar Current Lead Java Developer in Pittsburgh, Pennsylvania

    I am a fairly new employee who has yet to discover the 401K options under BNY Mellon to the fullest extent.

  • May 04, 2018
    StarStarStarStarStar Current Employee in Pittsburgh, Pennsylvania

    They match the first four percent dollar for dollar and half of the next two percent. I vested after three years.

  • Apr 17, 2018
    StarStarStarStarStar Current Employee in New York, New York State

    nice matching and you got it every month. But there is a vesting schedule so if you don't work here for 3 whole years you lose some of it.

  • Mar 29, 2018
    StarStarStarStarStar Former Employee in Jersey City, New Jersey

    Yes there is a 401K plan its vey much helpfull

  • Mar 23, 2018
    StarStarStarStarStar Current Employee in Houston, Texas

    goood one. match upto 5%. very competitive 401k plan

  • 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


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