Employer · plans filed under one EIN
Manufacturers and Traders Trust Co.
Buffalo, NY · Finance and insurance
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
2 retirement plans with 100 or more participants file Form 5500 under Manufacturers and Traders Trust Co.'s employer identification number (Buffalo, New York). Their latest filings total 55,523 participant records and $8.41B in net assets.
The largest is M & T Bank Corporation Retirement Savings Plan, an ESOP with a 401(k) feature with 32,455 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $151M and participant contributions $180M in the latest plan years; benefits paid were $796M. Schedule C compensation reported to service provider organisations totalled $5.0M.
Combined net assets moved from $1.67B in 2009 to $8.41B in 2024 (up 402%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| M & T Bank Corporation Retirement Savings Plan | ESOP with a 401(k) feature | 2024 | 32,455 | $5.20B | $160,155 | $6,786 | $1.3M |
| M&T Bank Corporation Pension Plan | defined benefit pension plan | 2024 | 23,068 | $3.21B | $139,081 | — | $3.7M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 55,523 | $8.41B | $151M | $180M |
| 2023 | 2 | 59,932 | $7.75B | $141M | $170M |
| 2022 | 2 | 60,979 | $7.00B | $124M | $142M |
| 2021 | 2 | 46,328 | $6.22B | $98.0M | $112M |
| 2020 | 2 | 46,348 | $5.61B | $99.9M | $106M |
| 2019 | 2 | 45,952 | $5.22B | $381M | $97.5M |
| 2018 | 2 | 46,281 | $4.20B | $72.5M | $84.4M |
| 2017 | 2 | 47,553 | $4.55B | $228M | $77.1M |
| 2016 | 2 | 47,600 | $3.87B | $102M | $74.6M |
| 2015 | 2 | 45,855 | $3.35B | $57.6M | $68.3M |
| 2014 | 2 | 43,931 | $3.43B | $54.8M | $64.9M |
| 2013 | 2 | 44,306 | $3.33B | $52.6M | $69.6M |
| 2012 | 2 | 44,066 | $2.93B | $48.2M | $62.1M |
| 2011 | 2 | 39,610 | $2.28B | $260M | $55.8M |
| 2010 | 2 | 37,478 | $1.93B | $37.1M | $45.6M |
| 2009 | 2 | 38,535 | $1.67B | $35.4M | $47.0M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Towers Watson | Consulting (general); Investment advisory (plan); Actuarial | 2 | $3,643,835 |
| T Rowe Price RPS Inc. | Recordkeeping and information management; Trustee (bank, trust company, or similar financial institution); Trustee (directed); Investment management | 1 | $1,158,706 |
| Pricewaterhouse Coopers LLP | Accounting (including auditing) | 1 | $82,220 |
| PricewaterhouseCoopers LLP | Accounting (including auditing) | 1 | $60,625 |
| O'Melveny & Meyers LLP | Legal | 1 | $29,687 |
| Alight Solutions LLC | Consulting (general); Recordkeeping and information management | 2 | $20,475 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Manufacturers and Traders Trust Co. have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: M & T Bank Corporation Retirement Savings Plan and M&T Bank Corporation Pension Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Manufacturers and Traders Trust Co. contribute to its plans?
$151,294,567 in employer contributions across these plans in their latest plan years, about $5,874 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Towers Watson, T Rowe Price RPS Inc., Pricewaterhouse Coopers LLP and PricewaterhouseCoopers LLP and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.