– Employees hired after October 1, 2021 (and their eligible dependents) and continuing BNY Mellon employees who become benefits-eligible after Open Enrollment (and their eligible dependents) must enroll by the deadline provided in their enrollment materials, within 31 days after the later of the date of hire or eligibility date.
BNY Mellon continued to pay the investment management fees for the underlying BNY Mellon Asset Management North America Corporation fund. These investment management fees yielded an estimated combined (blended) manager’s fee of 0.15% based on target allocations. 17
In addition, BNY Mellon reserves the right to block the access to, or liquidate an investment in, any single stocks or individual ETF offered through the SDA that would generate UBTI that it deems inappropriate for a retirement plan investment or to block the access for other administrative purposes.
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