Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 91

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 91
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 CompensationThe following table provides information with respect to each plan that provides for nonqualified deferred compensation in which the NEOs participate. Each of these plans is described below.NamePlan NameExecutiveContributionsin Fiscal Year2024RegistrantContributionsin Fiscal Year2024AggregateEarningsin FiscalYear 2024AggregateWithdrawals/DistributionsAggregateBalance at Endof Fiscal Year2024Robin Vince——————Dermot McDonoghBNY Mellon Deferred Compensation Plan$500,000—$45,639$0$545,639Jose Minaya——————Senthil KumarBNY 401(K) Benefits Restoration Plan——$1,221—$8,660Catherine KeatingBNY 401(K) Benefits Restoration Plan——$3,068—$21,200BNY Nonqualified Deferred Compensation PlansBNY 401(k) Benefits Restoration Plan.NEOs are not eligible to earn non-elective contributions under the terms of the tax-qualified BNY 401(k) Savings Plan after December 31, 2020. Therefore, no additional benefits were earned by NEOs under the BNY 401(k) Benefits Restoration Plan for the year ended December 31, 2024. The BNY 401(k) Benefits Restoration Plan is a nonqualified plan designed for the purpose of providing deferred compensation on an unfunded basis for eligible employees. The deferred compensation provided under the BNY 401(k) Benefits Restoration Plan is intended to supplement the benefit provided under the 401(k) Plan where the employee’s retirement contributions under the 401(k) Plan are limited due to the maximums imposed on “qualified” plans by Section 401(a)(17) of the IRC. Pursuant to the BNY 401(k) Benefits Restoration Plan, a notional account is credited with an amount, if any, of non-elective company contributions that would have been credited to each eligible employee’s 401(k) Plan account absent those tax limitations. The amounts credited to the notional accounts generally vest after three years of service, as defined and calculated under the 401(k) Plan. Mr. Vince, Mr. McDonogh and Mr. Minaya did not earn a contribution under the BNY 401(k) Benefits Restoration Plan prior to December 31, 2020.BNY Mellon Deferred Compensation Plan.The BNY Mellon Deferred Compensation Plan permits eligible employees, including our NEOs, to defer receipt of cash bonus/incentive amounts above the Social Security wage base (which was $168,600 in 2024) until