401(k) · DOL Form 5500 · 2022

People's United Bank, N.a. 401(k) Employee Savings Plan

ERISA Form 5500 plan record drawn from DOL EBSA, verify with linked source filings below.

N/A
Total assets
5,493
Participants

Sponsored by Manufacturers and Traders Trust Co. · New York · Finance & Insurance

What the 2022 filing shows

People's United Bank, N.a. 401(k) Employee Savings Plan holds N/A for 5,493 participants.

N/A
total plan assets (2022 EOY)
5,493
covered participants
$-333,560,814
reported net income

The plan reported a net loss of $334M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
N/A
Participants
5,493
State
Industry
Finance & Insurance

What the Filing Says About People's United Bank, N.a. 401(k) Employee Savings Plan

People's United Bank, N.a. 401(k) Employee Savings Plan is a 401(k) retirement plan sponsored by Manufacturers and Traders Trust Co., headquartered in New York. As of the 2022 Form 5500 filing, the plan reports N/A in total end-of-year assets and covers 5,493 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 160538020, and the plan has been effective since 1966-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $1.4B at the beginning of 2022 to N/A at year-end. Net assets (after liabilities) closed the year at N/A, with reported net income of $-333,560,814 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows, a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$1.4B
Total Assets (End of Year)N/A
Net Assets (End of Year)N/A
Net Income$-333,560,814
Plan Type401(k)
Employer EIN160538020
Plan Effective Date1966-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Manufacturers and Traders Trust Co.)

Year Plans Participants Total Assets
2022 4 27,419 $7.0B
2023 2 26,941 $7.8B
2024 2 25,986 $8.4B

Nearby 401(k) Plans in New York

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Frequently Asked Questions

How much money is in the People's United Bank, N.a. 401(k) Employee Savings Plan?
As of the 2022 Form 5500 filing, People's United Bank, N.a. 401(k) Employee Savings Plan holds N/A in total assets with 5,493 participants. It is sponsored by Manufacturers and Traders Trust Co..
What type of plan is People's United Bank, N.a. 401(k) Employee Savings Plan?
People's United Bank, N.a. 401(k) Employee Savings Plan is a 401(k) plan. It has been effective since 1966-01-01. The plan is filed with the U.S. Department of Labor under EIN 160538020.
Who sponsors the People's United Bank, N.a. 401(k) Employee Savings Plan?
People's United Bank, N.a. 401(k) Employee Savings Plan is sponsored by Manufacturers and Traders Trust Co., located in New York. The sponsor's EIN is 160538020 and the plan operates in the Finance & Insurance industry.
How did People's United Bank, N.a. 401(k) Employee Savings Plan perform in 2022?
People's United Bank, N.a. 401(k) Employee Savings Plan held N/A in total assets at the end of 2022. Net income was $-333,560,814.
Where can I find official filings for People's United Bank, N.a. 401(k) Employee Savings Plan?
Official Form 5500 filings for People's United Bank, N.a. 401(k) Employee Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 160538020 or plan name at efast.dol.gov.
How does People's United Bank, N.a. 401(k) Employee Savings Plan compare to other plans?
You can compare People's United Bank, N.a. 401(k) Employee Savings Plan against other 401(k) plans on the plan type page, or view plans in New York on the state page. PlainRetire tracks all 402,674 ERISA-covered retirement plans in the U.S. that filed a Form 5500 for the 2023 plan year.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 160538020.

Reference: IRS Publication 560, Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B, Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.