ESOP · DOL Form 5500 · 2022

M&t Bank Corporation ESOP

Data updated 2026-08-25

$47M
Total assets Below avg plan size
4,401
Participants Above avg headcount
87th
Percentile by assets National rank
$10,595
Avg per participant Low balance/head
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Official DOL plan name: Employee Stock Ownership Plan of People's United Financial, Inc. · Sponsored by M&t Bank Corporation · New York · Finance & Insurance

$47M in assets, 4,401 participants

M&t Bank Corporation's Employee Stock Ownership Plan of People's United Financial, Inc. reported $47M in total assets and 4,401 participants in its 2022 DOL Form 5500 filing, ranking in the 87th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,394 in Finance & Insurance (9,261 peers)

Coverage in New York

Employee Stock Ownership Plan of People's United Financial, Inc. covers 4,401 participants in New York, 5.5x the typical New York plan (state average ~798 per filing). Assets: $47M.

#7,394
in Finance & Insurance (9,261 peers)
-73.6%
assets change YoY
0.5×
vs typical plan assets (national mean)

Employee Stock Ownership Plan of People's United Financial, Inc.'s outsized position by total assets

Employee Stock Ownership Plan of People's United Financial, Inc. vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$46,627,219 Top 13% higher than 87% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Employee Stock Ownership Plan of People's United Financial, Inc.'s large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Employee Stock Ownership Plan of People's United Financial, Inc. lands in the large band (4,401 participants).

DOL schedule card

Filing strip 160968385 · M&t Bank Corporation PY 2022 · ESOP

Employee Stock Ownership Plan of People's United Financial, Inc. · $47M · 4,401 · 87th

  • EBSA $47M
  • EBSA 4,401
  • EBSA 87th
  • EBSA ESOP
  • EBSA near Superior Consolidated Industries, Inc. Employee Stock Ownership Plan and Trust
  • EBSA ind #7394

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in New York →

Employee Stock Ownership Plan of People's United Financial, Inc. in the asset neighbourhood

Vargo Solutions, Inc. Employee Stock Ownership PlanVargo Solutions, Inc. Employ…$47MDivcon Ems Austin, Inc. Employee Stock Ownership PlanDivcon Ems Austin, Inc. Empl…$47MEmployee Stock Ownership Plan of People's United Financial, Inc.Employee Stock Ownership Pla…$47MSuperior Consolidated Industries, Inc. Employee Stock Ownership Plan and TrustSuperior Consolidated Indust…$47MGayle Manufacturing Co., Inc. Employee Stock Ownership PlanGayle Manufacturing Co., Inc…$47M
End-of-year total assets ($M) among Employee Stock Ownership Plan of People's United Financial, Inc. and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

New York filing particulars

Total Assets (Beginning of Year)$177M
Net Assets (End of Year)$47M
Net Income$31M
Employer EIN160968385
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (M&t Bank Corporation)

Sponsor-wide plan assets over time

All M&t Bank Corporation plans reported in each filing year

Latest sponsor-wide plan assets
$323K 99.30640941721187% vs 2022
2023 filing year
$0M$20M$40M$60M 20222023 $46.6M $0.32M ▼ -99.3%
Year Plans Participants Total Assets
2022 1 4,401 $47M
2023 2 3,288 $323K

Nearby ESOP Plans in New York

Peer ESOP plans, same state, same plan type, ranked by total assets.

Employee Stock Ownership Plan of People's United Financial, Inc. vs. nearby ESOP plans in New York, assets vs. participants Scatter plot of 6 data points. -1000010002000300040005000 02004006008001000 Total assets ($M) Participants Employee Stock Ownership Plan of People's United Financial, Inc., Total assets ($M): 46.627219 · Participants: 4401Employee Stock Ownership Plan of People's United Financial, Inc.Stewart's Shops Corp Employee Stock Ownership Plan, Total assets ($M): 781.613108 · Participants: 3443Stewart's Shops Corp Employee Stock Ownership PlanLewis Tree Service Employee Stock Ownership Plan, Total assets ($M): 384.275596 · Participants: 3307Lewis Tree Service Employee Stock Ownership PlanH.C. Wainwright & Co. Employee Stock Ownership Plan, Total assets ($M): 293.053093 · Participants: 118H.C. Wainwright & Co. Employee Stock Ownership PlanGreenman-Pedersen, Inc. Employee Stock Ownership Plan, Total assets ($M): 207.331837 · Participants: 1611Greenman-Pedersen, Inc. Employee Stock Ownership PlanGriffon Corporation Employee Stock Ownership Plan, Total assets ($M): 183.683651 · Participants: 3775Griffon Corporation Employee Stock Ownership Plan
Employee Stock Ownership Plan of People's United Financial, Inc. vs. nearby ESOP plans in New York, assets vs. participants
Compare Employee Stock Ownership Plan of People's United Financial, Inc. side-by-side with 3 peers →

Employee Stock Ownership Plan of People's United Financial, Inc.'s out-of-state ESOP peers by assets and headcount

Outside New York, the nearest ESOP by assets is Superior Consolidated Industries, Inc. Employee Stock Ownership Plan and Trust in IL ($47M); by covered participants it is Hormel Foods Corporation Joint Earnings Profit Sharing Trust in MN (4,373 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,401 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Employee Stock Ownership Plan of People's United Financial, Inc. assets move in 2022? ▼
Employee Stock Ownership Plan of People's United Financial, Inc. contracted severely - down 73.6% during 2022, from $177M to $47M. Reported net income was $31M.
How have M&t Bank Corporation plan assets changed over time? ▼
Across 2 plan years on file (2022-2023), M&t Bank Corporation's sponsor-wide assets declined 99.3%, from $47M to $323K.
Where does Employee Stock Ownership Plan of People's United Financial, Inc. rank by assets among Form 5500 filers? ▼
Employee Stock Ownership Plan of People's United Financial, Inc. ranks in the 87th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to Employee Stock Ownership Plan of People's United Financial, Inc.? ▼
Among ESOP plans in other states, the closest by assets is Superior Consolidated Industries, Inc. Employee Stock Ownership Plan and Trust in IL ($47M, 1,898 participants).
Which ESOP plans cover a similar participant headcount to Employee Stock Ownership Plan of People's United Financial, Inc.? ▼
Among ESOP plans in other states, the closest by covered participants is Hormel Foods Corporation Joint Earnings Profit Sharing Trust in MN (4,373 participants, $486M in assets).

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 160968385.

Read our methodology - how this data is sourced, computed, and verified.

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