Alight and BNY Mellon Unveil Integrated DC/DB Plan Solution with Bundled Investments
ALIT•Alight and BNY Mellon have launched an integrated retirement plan solution combining Alight’s DC and DB recordkeeping with BNY’s custody, payments and bundled investment products, including stable value, target-date, active and index funds via a modern brokerage window. The platform adds dual-oversight fiduciary support and AI-driven insights through Alight Worklife, streamlining plan administration and enhancing participant investment flexibility.
1. Partnership Overview
Alight has teamed with BNY Mellon to create a unified retirement solution that merges Alight’s defined contribution and defined benefit recordkeeping infrastructure with BNY’s custody, payment capabilities and investment management. This collaboration positions Alight as the primary partner for plan sponsors while leveraging BNY’s suite of retirement-focused funds and custody services under a single interface.
2. Solution Features
The integrated offering provides expanded optionality, enabling sponsors and participants to mix-and-match stable value, target-date, active and index funds through a modern brokerage window built on BNY’s custody platform. A dual-oversight fiduciary model strengthens governance, while AI-powered insights and personalized guidance enhance service delivery and financial wellbeing.
3. Go-to-Market and Benefits
Alight will lead client engagement and implementation via its relationship managers, coordinating with BNY’s subject-matter experts for support services. The unified platform simplifies administration, provides consolidated reporting and analytics, and aims to improve participant outcomes by offering streamlined plan management and diversified investment access.
