Retirement plan

M & T BANK CORPORATION RETIREMENT SAVINGS PLAN

Name: MANUFACTURERS AND TRADERS TRUST CO. - M & T BANK CORPORATION RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: MANUFACTURERS AND TRADERS TRUST CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, M & T BANK CORPORATION RETIREMENT SAVINGS PLAN, MANUFACTURERS AND TRADERS TRUST CO.

MANUFACTURERS AND TRADERS TRUST CO.EIN 16-0538020Plan #004PY 2016

ONE M AND T PLAZA, 11TH FLOOR - BUFFALO, NY 142032301716-842-5746LinkedIn1-10 employees

Other plans on this EIN

4 filings

#002Retirement-$1.68B assets #009Retirement-$254.4M assets #007Retirement--#008Retirement--

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$2191.6M

-12.8% from 2016

Total participants

23,091

-2.8% from 2016

Average account balance

$107,123

-2.9% from 2016

Annual return

14.89%

-14.71 pp from 2016

Benchmarks

See 76 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort76 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.20B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$169K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

30,785

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

92.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$330.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.35%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$74

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$79,224
GORDON FEINBLATT LLC2+ years Service code 29 233 EAST REDWOOD STREET · BALTIMORE, MD 21202	Legal	$34,407
AON CONSULTING1 year Service code 16 39584 TREASURY CENTER · CHICAGO, IL 60694	Consulting	$9,750

Plan features & details

Pension benefit codes2E2G2I2J2K2O2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2I
Stock bonus
Stock bonus plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$126K

$8 / participant

Other / not subdivided$126K100.0%

% of EOY assets

0.006%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,123

$93,756+14.3%

$133,975-20.0%

$329,111-67.5%

Participation rate

84.3%

89.7%-5.4pp

87.1%-2.7pp

67.9%+16.5pp

Annual return

14.89%

20.33%-5.4pp

29.29%-14.4pp

16.35%-1.5pp

Employer contribution / active EE

$3,689

$3,619+1.9%

$5,211-29.2%

$2,303+60.1%

Participant deferral / active EE

$4,444

$5,685-21.8%

$6,282-29.3%

$3,682+20.7%

Admin fee / account holder

$90-93.1%

$9,324-99.9%

$754-99.2%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$79,224

GORDON FEINBLATT LLC2+ years

Service code 29

233 EAST REDWOOD STREET · BALTIMORE, MD 21202

Legal

$34,407

AON CONSULTING1 year

Service code 16

39584 TREASURY CENTER · CHICAGO, IL 60694

Consulting

$9,750

M & T BANK CORPORATION RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

M & T BANK CORPORATION RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion