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.