BNY Mellon Announces Form 5500 Reporting Enhancements

BNY Mellon Asset Servicing has announced several enhancements to the online Form 5500 reporting capabilities of its Web portal Workbench.

According to a press release, 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 said it 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.

Plan sponsors can now customize downloads of their 5500 information into industry-standard file formats like XLS, CSV and TXT.

BNY Mellon said in June it will add a report designed to help clients prepare Schedule C of Form 5500 by identifying trust payments made to service providers.

More information is available at