Company: BK-PK
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001390777-25-000094
Chunk: 7

Company: Bank of New York Mellon Corp
Filing Date: 2025-06-26
Form: 11-K
Chunk 7
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 vested in their pre-tax, Roth 401(k) and/or after-tax contributions, any rollover contributions and earnings or losses on these amounts. Matching contributions to the Plan for participants hired after December 31, 2020, plus any earnings or losses these amounts generate, will fully vest after three years of service. Matching contributions to the Plan for participants hired on or before December 31, 2020, plus any earnings or losses these amounts generate, are 100% vested at all times. Basic company contributions will fully vest after three years of service. If a participant attains age 65, dies or becomes disabled (within the meaning of the Company’s Long-Term Disability Plan) while employed by the Company, the participant’s account balance will be immediately vested.

#### Forfeitures –
If the participant is not fully vested in the matching or other employer contributions at the participant’s employment termination date, the nonvested portion of the account balance is forfeited on the earlier of distribution of the vested portion or five consecutive one-year breaks in service. The Plan permits forfeitures to be used to reduce future employer contributions. Forfeitures of $4,280,758 in 2024 and $4,265,853 in 2023, respectively, were used to reduce employer contributions. Unallocated forfeitures totaled $9,612,624 at December 31, 2024 and $4,767,035 at December 31, 2023.

#### Distributions and In-Service Withdrawals
– The vested portion of a participant’s account will be payable upon severance of employment, including for reasons of retirement, death, or disability (within the meaning of the Company’s Long-Term Disability Plan). Participants are eligible to request withdrawals following the attainment of age 59½ or in the case of specified hardships. Amounts attributable to after-tax and rollover contributions are available for in-service withdrawal at any time. The Plan also makes mandatory age 72 distributions pursuant to the minimum distribution regulations issued by the IRS. Participants are permitted to convert a portion of traditional non-Roth 401(k) account balances into a Roth 401(k) contribution and withdraw up to $5,000 from the 401(k) account, penalty free, upon each birth or adoption of a child to cover related expenses. Amounts in the SDA are not eligible for in-service withdrawals.

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#### Notes Receivable from Participants –
The Plan allows participants, either actively at work or on