ESOP · DOL Form 5500 · 2023
M&t Bank Corporation ESOP
Data updated 2026-08-25
- $323K
- Total assets Small plan by assets
- 3,287
- Participants Above avg headcount
- 14th
- Percentile by assets National rank
- $98
- Avg per participant Low balance/head
Official DOL plan name: Employee Stock Ownership Plan of People's United Financial, Inc. · Sponsored by M&t Bank Corporation · New York · Finance & Insurance
$323K in assets, 3,287 participants
M&t Bank Corporation's Employee Stock Ownership Plan of People's United Financial, Inc. reported $323K in total assets and 3,287 participants in its 2023 DOL Form 5500 filing, ranking in the 14th 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.
- #736 in Finance & Insurance (8,869 peers)
Coverage in New York
Employee Stock Ownership Plan of People's United Financial, Inc. covers 3,287 participants in New York, 4.1x the typical New York plan (state average ~798 per filing). Assets: $323K.
- #736
- in Finance & Insurance (8,869 peers)
- -99.3%
- assets change YoY
The plan reported a net loss of $46M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Employee Stock Ownership Plan of People's United Financial, Inc. among the smaller filed plans by assets
Employee Stock Ownership Plan of People's United Financial, Inc. vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$323,402 14th percentile higher than 14% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Employee Stock Ownership Plan of People's United Financial, Inc.'s large-plan peer group by participant headcount
Plan-year 2023 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 (3,287 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Employee Stock Ownership Plan of People's United Financial, Inc. reported net income fell from $31M in the plan year 2022 filing to -$46M in the plan year 2023 filing.
- Employee Stock Ownership Plan of People's United Financial, Inc. end-of-year assets fell from $47M in the plan year 2022 filing to $323K in the plan year 2023 filing.
- Employee Stock Ownership Plan of People's United Financial, Inc. reported participants fell from 4,401 in the plan year 2022 filing to 3,287 in the plan year 2023 filing.
Form 5500 schedule snapshot
Filing strip 160968385 · M&t Bank Corporation PY 2023 · ESOP
Employee Stock Ownership Plan of People's United Financial, Inc. · $323K · 3,287 · 14th
- IND $323K
- IND 3,287
- IND 14th
- IND ESOP
- IND near R&k Industrial Products, Inc. Employee Stock Ownership Plan
- IND ind #736
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
New York filing particulars
| Total Assets (Beginning of Year) | $47M |
|---|---|
| Net Assets (End of Year) | $323K |
| Net Income | -$46M |
| Employer EIN | 160968385 |
| Plan Effective Date | 2007-01-01 |
| Filing Status | FILING 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
| 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.
- Stewart's Shops Corp Employee Stock Ownership Plan $877M · 3,439
- North Coast Holdings Employee Stock Ownership Plan $406M · 4,467
- Griffon Corporation Employee Stock Ownership Plan $299M · 3,674
- Greenman-Pedersen, Inc. Employee Stock Ownership Plan $248M · 1,704
- H.C. Wainwright & Co. Employee Stock Ownership Plan $242M · 93
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 R&k Industrial Products, Inc. Employee Stock Ownership Plan in CA ($323K); by covered participants it is Empres Healthcare Group, Inc. Employee Stock Ownership Plan in WA (3,341 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($323K here).
- R&k Industrial Products, Inc. Employee Stock Ownership Plan (CA) $323K · 11
- Pacific Window Systems, Inc. Employee Stock Ownership Plan (WA) $320K · 28
- New American Embroidery, Inc. Employee Stock Ownership Plan (SC) $320K · 40
- Natural Way Management Group, Inc. Employee Stock Ownership Plan (WA) $328K · 37
Similar participant headcount
Nearest other-state filings by covered participants (3,287 participants); asset peers above are excluded.
- Empres Healthcare Group, Inc. Employee Stock Ownership Plan (WA) 3,341 · 54 off
- Api Group, Inc. Employee Stock Ownership Plan (MN) 3,421 · 134 off
- Tanimura & Antle, Inc. Employee Stock Ownership Plan (CA) 3,423 · 136 off
- Ferrell Companies, Inc. Employee Stock Ownership Plan (MO) 3,453 · 166 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.