Here are answers to frequently asked questions about the settlement. Detailed information about the settlement is contained in the Class Notice and Settlement Agreement.

If you do not find an answer to your question here, please contact us directly.

About The Settlement

What is this lawsuit about?

In the Class Action, the Class Representatives claim that Defendants failed to prudently and loyally manage the Plan’s investment lineup in the best interest of participants and beneficiaries, gave an improper preference to investment options managed by companies affiliated with the Plan’s sponsor (M&T Bank), and failed to prudently monitor the Plan’s recordkeeper.

The Defendants deny all claims and assert that they have always acted prudently and in the best interests of participants and beneficiaries. M&T Bank believes the Plan provides a generous benefit.

For the precise terms and conditions of the Settlement, review the Settlement Agreement and other court documents, available here.

How was my settlement amount calculated?

The amount, if any, was allocated to you based upon records maintained by the Plan’s recordkeeper.

Calculations regarding the individual distributions were performed by the Settlement Administrator, whose determinations are final and binding, pursuant to the Courtapproved Plan of Allocation.

To receive a distribution from the Net Settlement Amount, you must either be a (1) “Current Participant” or (2) an “Authorized Former Participant” who submitted a completed, satisfactory Former Participant Claim Form by the deadline, or (3) a Beneficiary or Alternate Payee of persons identified in (1) or (2).

The Net Settlement Amount was divided pro rata among Class Members based on each eligible Class Member’s weighted account balance invested in the Plan during the Class Period. For purposes of determining each Class Member’s weighted balance, account balances in a Group A or Group B Investment were weighted at a rate of 3.5 times the dollar amount invested, and account balances in all other investments in the Plan were weighted at a rate of 1 times the dollar amount
invested. A list of the Group A and B investment funds can be found here.

Note that if you are an Alternate Payee pursuant to a Qualified Domestic Relations Order, your portion of the Settlement will be distributed pursuant to the terms of that order.

How can I update my address?

You can update your address by writing to the Settlement Administrator by email at Info@MT401kSettlement.com or at this address, providing your name, claim number, old address and new address:

M&T Bank Corporation Retirement Savings Plan
Settlement Administrator
P.O. Box 2005
Chanhassen, MN 55317-2005

I need my check reissued. What should I do?

To request a check reissue, write to:

M&T Bank Corporation Retirement Savings Plan
Settlement Administrator
P.O. Box 2005
Chanhassen, MN 55317-2005

or call toll-free 844-955-2820.

You may also email Info@MT401kSettlement.com and your inquiry will be responded to as quickly as possible.

What if I have more questions?

You may contact the Settlement Administrator by calling toll-free 844-955-2820, emailing them at info@MT401ksettlement.com, or by writing to them at M&T Bank Corporation Retirement Savings Plan Settlement Administrator, P.O. Box 2005, Chanhassen, MN, 55317-2005. Your inquiry will be responded to as quickly as possible.