Smithfield Foods employee defined benefit plan has named BNY Mellon as its custodian. The plan currently has more than $1 billion in assets under administration. BNY Mellon Asset Servicing will provide custody, accounting, performance measurement, and benefit disbursement services.
The global food company processes pork and produces hogs.
BNY Mellons highly developed technology solutions and responsive client service staff will allow us to better serve our thousands of employees and retirees around the country, said Tim Dykstra, vice president and treasurer of Smithfield Foods.