Manufacturers and Traders Trust Co.401(k) + ESOP (KSOP)
M & T BANK CORPORATION RETIREMENT SAVINGS PLAN · BUFFALO, NY · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Manufacturers and Traders Trust Co. reported $2,266,299 in plan administrative expenses for 2024: 0.05% of average plan assets, below the peer median. Employer contributions averaged $6,786 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.04% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 29th-largest of 5,648 plans among New York employers on file, and the 35th of 4,798 in finance & insurance. In 2024, employees put in $1.19 for every $1.00 the employer contributed.
Manufacturers and Traders Trust Co.'s 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 160538020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.