401(k) · DOL Form 5500 · 2023

Manufacturers and Traders Trust Co. 401(k) Plan

Data updated 2026-08-25

$4.6B
Total assets Very large vs avg
22,713
Participants Very large workforce
100th
Percentile by assets National rank
$202,751
Avg per participant Above avg balance/head
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Official DOL plan name: M & T Bank Corporation Retirement Savings Plan · Sponsored by Manufacturers and Traders Trust Co. · New York · Finance & Insurance

$4.6B in assets, 22,713 participants

Manufacturers and Traders Trust Co.'s M & T Bank Corporation Retirement Savings Plan reported $4.6B in total assets and 22,713 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

  • #8,820 in Finance & Insurance (8,869 peers)

Coverage in New York

M & T Bank Corporation Retirement Savings Plan covers 22,713 participants in New York, 28x the typical New York plan (state average ~798 per filing). Assets: $4.6B.

#8,820
in Finance & Insurance (8,869 peers)
+13.6%
assets growth YoY
46×
vs typical plan assets (national mean)

M & T Bank Corporation Retirement Savings Plan's outsized position by total assets

M & T Bank Corporation Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$4,605,086,091 Highest reported value at or above every one of 127,068 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 2023

M & T Bank Corporation Retirement Savings Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. M & T Bank Corporation Retirement Savings Plan is a mega filing (22,713 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • M & T Bank Corporation Retirement Savings Plan reported net income rose from -$613M in the plan year 2022 filing to $550M in the plan year 2023 filing.
  • M & T Bank Corporation Retirement Savings Plan reported participants rose from 16,944 in the plan year 2022 filing to 22,713 in the plan year 2023 filing.
  • M & T Bank Corporation Retirement Savings Plan end-of-year assets rose from $4.1B in the plan year 2022 filing to $4.6B in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 160538020 · Manufacturers and Traders Trust Co. PY 2023 · 401(k)

M & T Bank Corporation Retirement Savings Plan · $4.6B · 22,713 · 100th

  • NET $4.6B
  • NET 22,713
  • NET 100th
  • NET 401(k)
  • NET near General Mills 401(k) Plan
  • NET ind #8820

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 Finance & Insurance retirement plans → · Plans in New York →

M & T Bank Corporation Retirement Savings Plan in the asset neighbourhood

International Paper Company Salaried Savings PlanInternational Paper Company …$4.6BFarmers Group, Inc. 401(k) Savings PlanFarmers Group, Inc. 401(k) S…$4.6BM & T Bank Corporation Retirement Savings PlanM & T Bank Corporation Retir…$4.6BGeneral Mills 401(k) Plan$4.6BUnited Airlines Flight Attendant 401(k) PlanUnited Airlines Flight Atten…$4.6B
End-of-year total assets ($B) among M & T Bank Corporation Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$4.1B
Net Assets (End of Year)$4.6B
Net Income$550M
Employer EIN160538020
Plan Effective Date1986-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Manufacturers and Traders Trust Co.)

Sponsor-wide plan assets over time

All Manufacturers and Traders Trust Co. plans reported in each filing year

Latest sponsor-wide plan assets
$8.4B 20.13095740333194% vs 2022
2024 filing year
$6.5B$7B$7.5B$8B$8.5B$9B 202220232024 $7B $8.41B ▲ +20.1%
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.

M & T Bank Corporation Retirement Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. 050000100000150000 020406080 Total assets ($B) Participants M & T Bank Corporation Retirement Savings Plan, Total assets ($B): 4.605086091 · Participants: 22713M & T Bank Corporation Retirement Savings PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
M & T Bank Corporation Retirement Savings Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare M & T Bank Corporation Retirement Savings Plan side-by-side with 3 peers →

Scale composition for M & T Bank Corporation Retirement Savings Plan

M & T Bank Corporation Retirement Savings Plan reports $4.6B in end-of-year assets across 22,713 participants (0.037% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.024% of 93,925,755 covered participants) - about $202,751 per participant (1.5x the national average assets-per-participant) . Net income for plan year 2023 was $550M.

This plan identity (EIN 160538020, plan #004) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $4.1B to $5.2B (+28.2%) while covered participants moved from 16,944 to 22,161 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 16,944 $4.1B Open filing
2023 22,713 $4.6B This page
2024 · index core 22,161 $5.2B Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

M & T Bank Corporation Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is General Mills 401(k) Plan in MN ($4.6B); by covered participants it is Envision Healthcare Operating Inc. 401(k) Plan in TN (22,814 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4.6B here).

Similar participant headcount

Nearest other-state filings by covered participants (22,713 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did M & T Bank Corporation Retirement Savings Plan assets move in 2023? ▼
M & T Bank Corporation Retirement Savings Plan grew at a solid clip - up 13.6% during 2023, from $4.1B to $4.6B. Reported net income was $550M.
How have Manufacturers and Traders Trust Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Manufacturers and Traders Trust Co.'s sponsor-wide assets grew 20.1%, from $7.0B to $8.4B.
Where does M & T Bank Corporation Retirement Savings Plan rank by assets among Form 5500 filers? ▼
M & T Bank Corporation Retirement Savings Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to M & T Bank Corporation Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is General Mills 401(k) Plan in MN ($4.6B, 14,536 participants).
Which 401(k) plans cover a similar participant headcount to M & T Bank Corporation Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Envision Healthcare Operating Inc. 401(k) Plan in TN (22,814 participants, $2.8B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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

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.