Employee Stock Ownership Plan Of People'S United Financial, Inc. — Form 5500 plan (M&T Bank Corporation)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Employee Stock Ownership Plan Of People'S United Financial, Inc. is a benefit plan reported by M&T Bank Corporation under EIN 16-0968385 and plan number 001. The latest loaded filing year is 2023. The filing reports 4,762 participants and $0 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$323.4KPlan net assets, end of year$323,402
Participants4.8KCovered participants reported4,762
Assets / participant$68Computed: assets ÷ participants$68 (computed)
Provider compensation$4.7K2 Schedule C provider row(s)$4,747
- Plan sponsor
- M&T Bank Corporation
- EIN
- 16-0968385
- Plan number
- 001
- Plan type
- 2
- Location
- Buffalo, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 4,762 | H, C | 20240715123848NAL0000837395001 |
| 2023 | 3,089 | H, C | 20240926124841NAL0000672369001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$323.4K total assets
Net assets$323.4KLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $323,402
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $323,402
- Net assets (BOY)
- $46,627,219
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $0
- Total contributions
- $0
- Total income / additions
- -$1,622,245
Expenses & distributions
- Benefits paid
- $44,676,825
- Administrative expenses
- $4,747
- Total expenses
- $44,681,572
- Net increase / (decrease)
- -$46,303,817
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Fidelity Investments Institutional | RECORDKEEPER | $4,747 | $0 | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $0 | $0 | 2023 |