BNY Mellon Asset Servicing Enhances Online Form 5500 Reporting Capabilities

New reports streamline info used for ERISA and IRS filings

BOSTON, April 29 /PRNewswire-FirstCall/ -- BNY Mellon Asset Servicing, the
world leader in securities servicing, announced several enhancements to the
online Form 5500 reporting capabilities of its web portal Workbench. The new
reporting features make it easier for US corporate clients to fulfill their
year-end Form 5500 reporting to the Department of Labor as required by the
Employee Retirement Income Security Act (ERISA).

BNY Mellon Asset Servicing released a new Form 5500 Schedule R report to
assist clients by reporting the beginning-of-year distribution of assets in
five categories: stocks, investment-grade debt instruments, high yield debt
instruments, real estate, and other asset classes. The company also improved
online customized data access to the following Form 5500 reports:

-- Schedule of Investments at Plan Year End
-- Realized Gain Loss Report
-- Certain Investment Arrangement Report
-- Contributions, Expenses and Transfer Detail Transaction Report.

Using BNY Mellon's Workbench website, plan sponsors can now customize
downloads of their 5500 information into industry-standard file formats like
XLS, CSV and TXT.

"We continue to enhance the Workbench portal with features that are important
to our clients' success," said Steve Boor, global information delivery product
manager for BNY Mellon Asset Servicing. "These new features will allow our
clients more control and ease in managing and filing their required 5500
information."

BNY Mellon's Form 5500 reporting package provides a suite of detailed, fully
audited PDF statements to assist clients in the timely and accurate filing of
Form 5500 in accordance with Internal Revenue Service and Department of Labor
regulations. In June, BNY Mellon will add a report designed to help clients
prepare Schedule C of Form 5500 by identifying trust payments made to service
providers.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of
specialized asset servicing capabilities, including custody and fund services,
securities lending, performance and analytics, and execution services. BNY
Mellon Asset Servicing provides services through The Bank of New York Mellon
and other related companies.

The Bank of New York Mellon Corporation (NYSE: BK) is a global financial
services company focused on helping clients manage and service their financial
assets, operating in 34 countries and serving more than 100 markets. The
company is a leading provider of financial services for institutions,
corporations and high-net-worth individuals, providing superior asset
management and wealth management, asset servicing, issuer services, clearing
services and treasury services through a worldwide client-focused team. It has
$19.5 trillion in assets under custody and administration, $881 billion in
assets under management, services more than $11 trillion in outstanding debt
and processes global payments averaging $1.8 trillion per day. Additional
information is available at www.bnymellon.com.

SOURCE The Bank of New York Mellon Corporation

Joseph F. Ailinger Jr., +1-617-722-7571, joe.ailinger@bnymellon.com