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Web403 (b) (7) plans. The 403 (b) (7) advantage: Specifically designed for your retirement. Webthis 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. Webbny mellon offers a comprehensive, competitive benefits program with the flexibility to help meet the needs of our diverse workforce. Review the benefits available to you, and then choose the options that best meet the needs of you and your family. Forgot my user id / forgot my password. If you have questions, bny mellon pension service center representatives are available to assist you monday through friday from 8:00 a. m. To 6:00 p. m. With wealth online, you have the option to receive statements electronically. Click to watch a brief video on benefits and enrollment. View balances, download statements, transfer funds. Webeffective january 1, 2021. The 401(k) plan is an important part of your bny mellon total reward program. In november, we announced plan enhancements effective on january 1, 2021 that would provide you with more ways to manage your overall savings strategy. Webthe bank of new york mellon corporation 401(k) savings plan summary plan description. Company” or “bny mellon”) believes that saving for retirement is a shared responsibility. This means providing a plan that encourage. Webvest on a systematic basis to meet retirement income goals.