Employers › Manufacturers and Traders Trust
Recordkeeping fees per participant · M & T Bank Corporation Retirement Savings Plan · plan year 2024
$37.64
Higher than 58% of the 790 plans over $1B that report it.
= $1,158,706 / 30,785
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250714122743NAL0000863027001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714122743NAL0000863027001, received 2025-07-14
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-14.
Administrative expenses excluding investment management, per participant
$73.11
Higher than 81% of the 1,045 plans over $1B that report it.
= $2,250,834 / 30,785
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250714122743NAL0000863027001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714122743NAL0000863027001, received 2025-07-14
Administrative expenses per participant
$73.62
Higher than 53% of the 1,076 plans over $1B that report it.
= $2,266,299 / 30,785
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714122743NAL0000863027001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714122743NAL0000863027001, received 2025-07-14
Administrative expenses as a share of assets
0.044%
Higher than 47% of the 1,076 plans over $1B that report it.
= $2,266,299 / $5,197,836,402
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714122743NAL0000863027001, received 2025-07-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250714122743NAL0000863027001, received 2025-07-14
Employer contributions per participant
$4,915
Higher than 66% of the 1,135 plans over $1B that report it.
= $151,294,567 / 30,785
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714122743NAL0000863027001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714122743NAL0000863027001, received 2025-07-14
Employer share of total contributions
42.5%
Higher than 80% of the 1,135 plans over $1B that report it.
= $151,294,567 / $356,003,379
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714122743NAL0000863027001, received 2025-07-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250714122743NAL0000863027001, received 2025-07-14
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2I · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250714122743NAL0000863027001, received 2025-07-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MANUFACTURERS AND TRADERS TRUST CO. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Plan name | M & T BANK CORPORATION RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Sponsor EIN / plan number | 16-0538020 / 004 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Sponsor location | BUFFALO, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Filing received | 2025-07-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Participants, beginning of year | 32,034 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Active participants | 22,296 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Participants, end of year | 32,455 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Participants with an account balance | 30,785 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Total assets, beginning of year | $4,605,086,091 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Total assets, end of year | $5,197,836,402 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Net assets, end of year | $5,197,836,402 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Total income | $1,085,958,229 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Net income | $592,750,311 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Employer contributions | $151,294,567 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Participant contributions | $179,518,560 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Other contributions (incl. rollovers) | $25,190,252 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Total contributions | $356,003,379 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Benefit payments | $490,941,619 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Total expenses (incl. benefit payments) | $493,207,918 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Total administrative expenses | $2,266,299 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Recordkeeping fees | $1,158,706 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| IQPA audit fees | $60,625 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Investment advisory and management fees | $15,465 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Administrative expenses excluding investment management | $2,250,834 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Held in common/collective trusts | $4,615,053,269 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Held in mutual funds | $48,376,982 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250714122743NAL0000863027001, received 2025-07-14 |
| Independent auditor | PRICEWATERHOUSECOOPERS LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250714122743NAL0000863027001, received 2025-07-14 |
Position = column in the DOL layout for form year 2024. Filing 20250714122743NAL0000863027001, received 2025-07-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| T ROWE PRICE RPS INCrecordkeeper | NONE | 15 Recordkeeping and information management; 21 Trustee (bank, trust company or similar); 25 Trustee (directed); 28 Investment management; 37 Participant loan processing; 38 Participant communication; 49 Other services; 50 Direct payment from the plan; 52 Investment management fees paid indirectly by plan; 59 Shareholder servicing fees; 62 Float revenue; 64 Recordkeeping fees; 65 Account maintenance fees | $1,158,706 | yes |
| TOWERS WATSON | NONE | 16 Consulting (general); 27 Investment advisory (plan); 50 Direct payment from the plan | $92,558 | no |
| PRICEWATERHOUSECOOPERS LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $60,625 | no |
| ALIGHT SOLUTIONS LLC | NONE | 16 Consulting (general); 50 Direct payment from the plan | $11,700 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250714122743NAL0000863027001, received 2025-07-14.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $4,605,086,091 | $5,197,836,402 | 12.9% |
| Participants with a balance | 31,154 | 30,785 | -1.2% |
| Administrative expenses | $2,643,878 | $2,266,299 | -14.3% |
| Recordkeeping fees per participant | $49.19 | $37.64 | -23.5% |
| Employer contributions | $141,163,245 | $151,294,567 | 7.2% |
Prior filing 20240710101734NAL0014732657001, received 2024-07-10; the plan years are contiguous.
Sponsor name as filed: MANUFACTURERS AND TRADERS TRUST CO.; SEC registrant: MANUFACTURERS & TRADERS TRUST CO (CIK 899227, matched by EIN).