M&t Bank Corporation Flexible Benefits Plan
Overview
M&t Bank Corporation Flexible Benefits Plan sponsors a self-funded health plan that covered 23,008 participants in plan year 2025, down 4% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, long-term disability, and more.
- Plan type
- ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
- Participants
- 23,008 · prior year 24,029
- Plan year
- Begins January 1 · next renewal January 2027
- Health plans filed
- M&t Bank Corporation Flexible Benefits Plan, plan 520 (23,008 participants)
- Broker compensation
- $1.1M across insured contracts
Insurance carriers
Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.
| Carrier | Coverage | Covered | Premium | Broker comp |
|---|---|---|---|---|
| First Unum Life Insurance Company | Life, Short-term disability | 21,980 | $14.8M | $820K |
| First Unum Life Insurance | Long-term disability | 21,544 | $5.4M | $91K |
| Vision Service Plan | Vision | 15,167 | $2.2M | $219K |
| Ace American Insurance Company | Life | 21,619 | $36K | $6K |
Pharmacy benefit estimate
StreamRX estimate for a plan this size. Not based on this plan's claims.
Estimated prescription spend: 23,008 participants × $2,371 national average per member. Usually higher once dependents are counted.
Typical savings opportunity found in independent reviews of plans this size.
Form 5500 filing details
- Filing
- Form 5500 with Schedule A, plan year 2025
- Plan sponsor
- M&t Bank Corporation Flexible Benefits Plan
- Sponsor EIN
- 16-0968385
- Plan number
- 520
- Filed with
- U.S. Department of Labor (EBSA) via EFAST2
Verify this filing: search EIN 16-0968385 in the Department of Labor's EFAST2 Form 5500 search.
About this data
Source: M&t Bank Corporation Flexible Benefits Plan's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with M&t Bank Corporation Flexible Benefits Plan.