Plan Snapshot
- Plan Sponsor: M&T Bank Corporation Flexible Benefits Plan
- Sponsor EIN: 160968385
- Sponsor Address: 1 M AND T PLZ, BUFFALO, NY, 142032309
- Plan Type: 401(k)
- Plan Number: 520
- Total Participants: 23,008
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 23,008 | $0 | $0 | $0 |
| 2023 | 24,029 | $0 | $0 | $0 |
| 2022 | 22,497 | $0 | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| AETNA LIFE INSURANCE COMPANY | Recordkeeper | $12,071,850 | — | $12,071,850 |
| CVS CAREMARK | Recordkeeper | $2,066,820 | — | $2,066,820 |
| DELTA DENTAL OF NY | Recordkeeper | $619,977 | — | $619,977 |
| FIRST UNUM LIFE INSURANCE COMPANY | Recordkeeper | $348,136 | — | $348,136 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $15,106,783
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | — | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |