ING Institutional Plan Services Chosen to Provide 401(k) Services for BNY Mellon

QUINCY, Mass., Feb. 26 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon, the global leader in securities servicing with more than $20 trillion
in assets under administration, has chosen ING Institutional Plan Services
(ING) to be the benefit services administrator for its defined contribution
plan.
"ING has the flexibility and service solutions to meet the retirement
savings goals of our many participants," said Robert Perego, senior vice
president and director of employee benefits for BNY Mellon. "We feel quite
confident about our selection of ING, as this agreement builds on a very good
relationship between our two organizations."
ING will combine two 401(k) plans that had served employees of Mellon
Financial and Bank of New York at the time the two financial firms merged in
July 2007. ING will also serve as the administrator of an employee stock-
ownership program. The combined plans have about $3 billion in assets and
52,000 participants. In addition, ING will provide full recordkeeping, as well
as communications and education for the defined contribution plans.
"ING is honored to have been selected as the retirement services provider
for one of the most highly regarded financial services firms in the world. We
very much look forward to our partnership with Bank of New York Mellon and
helping plan participants set and attain their retirement objectives," said
Sandy McCarthy, president of ING Institutional Plan Services.
The Bank of New York Mellon, which has $928 billion in assets under
management and services more than $11 trillion in outstanding debt, operates
in 34 countries serving more than 100 markets.
ING's U.S. Retirement Services business has a leadership position in a
wide range of businesses, including defined contribution retirement plans,
defined benefit pension plans, retirement income solutions, managed accounts,
retirement plan rollovers, stable value programs, as well as a health and
welfare operation. It ranks as the largest defined contribution business in
the U.S. based on number of plans, the second largest based on number of plan
participants, and the third largest based on combined assets under management
and administration, with more than U.S. $300 billion. (1)
Press inquiries:
Joe Loparco
ING Americas
Office: 860.580.2677
Cell: 860.462.6525
joseph.loparco@us.ing.com

Ron Gruendl
The Bank of New York Mellon
Corporate Communications
+1 412 234 7157
ron.gruendl@bnymellon.com
cell: +1 412 266 8234
fax: +1 412 236 1662

About ING
ING is a global financial institution of Dutch origin offering banking,
investments, life insurance and retirement services to over 85 million
residential, corporate and institutional clients in more than 50 countries.
With a diverse workforce of about 130,000 people, ING comprises a broad
spectrum of prominent companies that increasingly serve their clients under
the ING brand.
In the U.S., the ING (NYSE: ING) family of companies offers a
comprehensive array of financial services to retail and institutional clients,
which includes life insurance, retirement plans, mutual funds, managed
accounts, alternative investments, direct banking, institutional investment
management, annuities, employee benefits, financial planning, and reinsurance.
ING holds top-tier rankings in key U.S. markets and serves over 29 million
customers across the nation. For more information, visit http://www.ing.com .
Plan administrative services provided by ING Institutional Plan Services,
LLC.
(1). 2008 PLAN SPONSOR recordkeepers survey data
SOURCE ING

Joe Loparco of ING Americas, Office: +1-860-580-2677, Cell: +1-860-462-6525,
joseph.loparco@us.ing.com; Ron Gruendl, The Bank of New York Mellon, Corporate
Communications, +1-412-234-7157, Cell: +1-412-266-8234, Fax: +1-412-236-1662,
ron.gruendl@bnymellon.com