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- The Bank of New York Mellon Corporation
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The Bank of New York Mellon Corporation 401(k) Savings Plan...
- The Bank of New York Mellon Corporation
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BNY Mellon is off to an encouraging start for the year, with a solid financial performance, and all our businesses building on their momentum from last year. In the first quarter, we delivered double-digit EPS growth as well as pre-tax margin and ROTCE expansion on the back of positive operating leverage.
savings goals with Company contributions and other financial planning features. This document is the Summary Plan Description (SPD) to The Bank of New York Mellon Corporation 401(k) Savings Plan (401(k) Plan or Plan) and reflects the terms of the Plan as in effect as of January 1, 2021.
Highlights of The Bank of New York Mellon Corporation 401(k) Savings Plan. Who is eligible. Salaried, U.S. employees of The Bank of New York Mellon Corporation. U.S. hourly employees are eligible to participate in the Plan after completing 1,000 hours of service within a year.
The 401(k) Plan works hand-in-hand with your commitment to save – the more you contribute, the more the Company contributes – dollar-for-dollar up to 7% of your eligible base pay you save, limited to a maximum of $16,000 in 2021.
