Manufacturers And Traders Trust CO. 401(k): best low-cost funds
M & T Bank Corporation Retirement Savings Plan · Plan #004 · Buffalo, NY
Suggested simple Boglehead mix
The public data doesn't show enough index funds from this plan to suggest a full mix. A typical Boglehead approach: look in your menu for a US total market or S&P 500 index fund, an international index fund, and a US bond index fund, all with expense ratios under about 0.10%. Or use one low-cost target-date index fund. How the 3-fund portfolio works.
Know this plan's fund menu? Submit it and we'll add a fund-by-fund pick list.
Pooled funds named in the filing (Schedule D)
These are collective trusts and similar pooled funds the plan reported holding. Names that look like index funds are tagged index by keyword, so check them yourself. Mutual funds are not listed by name in the free data.
| Fund | Manager | Type | Plan's holding |
|---|---|---|---|
| Vanguard Inst 500 Index Trust index | Vanguard Fiduciary Trust Company | Common/collective trust | $736.9M |
| T. Rowe Price Retirement 2030 Trust | T. Rowe Price Trust Company | Common/collective trust | $502.2M |
| T. Rowe Price Retirement 2040 Trust | T. Rowe Price Trust Company | Common/collective trust | $420.8M |
| T. Rowe Price Growth Stock Trust | T. Rowe Price Trust Company | Common/collective trust | $406.9M |
| Great Gray CIT III For Metlife GRP | Great Gray Trust Company, LLC | Common/collective trust | $340.4M |
| T. Rowe Price Retirement 2035 Trust | T. Rowe Price Trust Company | Common/collective trust | $287.9M |
| T. Rowe Price Retirement 2025 Trust | T. Rowe Price Trust Company | Common/collective trust | $272.2M |
| VAN Inst Extended Markets IND Trust index | Vanguard Fiduciary Trust Company | Common/collective trust | $240.6M |
| T. Rowe Price Retirement 2045 Trust | T. Rowe Price Trust Company | Common/collective trust | $206.6M |
| VAN Inst Total INT Stock Market IND | Vanguard Fiduciary Trust Company | Common/collective trust | $173.5M |
| T. Rowe Price Retirement 2020 Trust | T. Rowe Price Trust Company | Common/collective trust | $164.6M |
| T. Rowe Price Retirement 2050 Trust | T. Rowe Price Trust Company | Common/collective trust | $164.1M |
| T. Rowe Price Retirement 2055 Trust | T. Rowe Price Trust Company | Common/collective trust | $125.2M |
| TRP US Small-cap Value Equity Trust | T. Rowe Price Trust Company | Common/collective trust | $113.7M |
| MET West Total Return Bond C | TCW Multiple Investment Trust | Common/collective trust | $101.1M |
| Great Gray CIT Diamond Hill Large C | Great Gray Trust Company, LLC | Common/collective trust | $89.4M |
| T. Rowe Price Retirement 2060 Trust | T. Rowe Price Trust Company | Common/collective trust | $78.3M |
| VAN INS Total Bond Market IND Trust index | Vanguard Fiduciary Trust Company | Common/collective trust | $70.6M |
| T. Rowe Price Retirement 2015 Trust | T. Rowe Price Trust Company | Common/collective trust | $36.1M |
| T. Rowe Price Retirement 2010 Trust | T. Rowe Price Trust Company | Common/collective trust | $34.8M |
| TRP Retirement Balanced Trust | T. Rowe Price Trust Company | Common/collective trust | $26.3M |
| T. Rowe Price Retirement 2065 Trust | T. Rowe Price Trust Company | Common/collective trust | $22.8M |
How plan assets are invested
| Category (Schedule H) | Amount | Share |
|---|---|---|
| Registered investment companies (mutual funds) | $48.4M | 0.9% |
| Common/collective trusts | $4.6B | 88.8% |
| Employer securities (company stock) | $441.1M | 8.5% |
| Participant loans | $46.6M | 0.9% |
Fees paid from plan assets
| Investment advisory & management fees | $15,465 |
| Other administrative fees | $88,792 |
| Total administrative expenses | $2.3M |
Reported administrative expenses were about 0.046% of average plan assets, or about $74 per participant with a balance. This usually excludes fund expense ratios netted inside mutual funds and trusts.
Source: DOL EFAST2 Form 5500 & Schedules H/D, filing ID 20250714122743NAL0000863027001. EIN 160538020.
FAQ
What are the best low-cost funds in the Manufacturers And Traders Trust CO. 401(k)?
The free public data doesn't list enough of the Manufacturers And Traders Trust CO. plan's index funds to say. Look in your plan's fee disclosure (404a-5 notice) for a US stock index fund, an international index fund and a bond index fund with low expense ratios.
Can I build a three-fund portfolio in the Manufacturers And Traders Trust CO. 401(k)?
Possibly. Many large plans offer the three building blocks, but the public data for this plan doesn't confirm it. A low-cost target-date index fund is a common one-fund alternative.
How big is the Manufacturers And Traders Trust CO. 401(k) plan?
The plan reported about $5.2B in net assets and 30,785 participants with balances for plan year 2024, according to its DOL Form 5500 filing.
Where does this data come from?
From public U.S. Department of Labor Form 5500 filings (EFAST2) and, where noted, the plan's SEC Form 11-K. Data can be outdated or incomplete, and this page is not financial advice.
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