DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

M&t Bank Corporation Pension Plan

Corporate pensionBuffalo, NY
Assets
$3.2B
Total assets, Dec 31, 2024 reported
Funded
104.6%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
2
none on the tape
Plan sponsor: M&t Bank
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Corporate debt instruments (other) 8.2%
  • U.S. Government securities 8.7%
  • Employer securities 4.2%
  • Insurance company general account 0.3%
  • Partnership/joint venture interests 14.8%
  • Common/collective trusts 4.5%
  • Registered investment companies 44.6%
  • Common stock 14.4%
  • Preferred stock 0.0%
Consultants and advisers
3 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
1 managers on Schedule C
From Schedule C (investment management, code 28)
Commitments
2 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024Aristotle Collective Investment Trucollective trustSEI Trust CompanyPooled vehicles$15.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Large Cap Growth Trustcollective trustT. Rowe Price Trust CompanyPublic equity$130M heldDisclosed holdingaskebsa.dol.gov
Size and funding
32 readings
Total assets
$3.2B Dec 31, 2024 reported Form 5500
$3.1B (2023-12) · $2.9B (2022-12)
Plan assets
$3.1B Jan 1, 2024 reported Form 5500
$2.9B (2023-01) · $2.6B (2022-01)
Net assets
$3.2B Dec 31, 2024 reported Form 5500
$3.1B (2023-12) · $2.9B (2022-12)
Funded ratio
104.6% Jan 1, 2024 reported Form 5500
104.0% (2023-01) · 103.8% (2022-01)
Funding target
$2.1B Jan 1, 2024 reported Form 5500
$2.1B (2023-01) · $1.6B (2022-01)
Discount rate
5.17% Jan 1, 2024 reported Form 5500
5.24% (2023-01) · 5.42% (2022-01)
Participants
27,864 Jan 1, 2024 reported Form 5500
28,290 (2023-01) · 22,681 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$305M Dec 31, 2024 reported Form 5500
$131M (2023-12) · $119M (2022-12)
Net investment income
$62.3M Dec 31, 2024 reported Form 5500
$204M (2023-12) · $-458M (2022-12)
Investment management fees
$88,679 Dec 31, 2023 reported Form 5500
$316,790 (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 202427,864$3.1B$2.1B104.6%$3.2B$475Mn/an/a
2023 to Dec 31, 202328,290$2.9B$2.1B104.0%$3.1B$435M$0$0
2022 to Dec 31, 202222,681$2.6B$1.6B103.8%$2.9B$399M$0$0
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
4 events
  • Dec 31, 2024Manager relationship endedinference
    Fidelity Investments Institutional no longer appears on M&t Bank Corporation Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Fidelity Investmentsaskebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    Mcsoley Mccoy & Co. no longer appears on M&t Bank Corporation Pension Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with Mcsoley Mccoy & Co.askebsa.dol.gov
  • Dec 31, 2023Consultant changedinference
    PFK O'Connor Davies, LLP no longer appears on M&t Bank Corporation Pension Plan's Schedule C as general consultant (plan year 2023 vs 2022)
    with HUB Retirement & Wealth Mgmtaskebsa.dol.gov
  • Jan 1, 2023Assets changed
    M&t Bank Corporation Pension Plan plan assets $2.6B -> $2.9B (+13.3%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 160538020-002
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.