401(k) · DOL Form 5500 · 2022

PEOPLESBANK 401(k) Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
333
Participants Below avg headcount
89th
Percentile by assets National rank
$175,892
Avg per participant Above avg balance/head
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Official DOL plan name: Peoplesbank 401(k) Plan · Sponsored by PEOPLESBANK · Massachusetts · Finance & Insurance

$59M in assets, 333 participants

PEOPLESBANK's Peoplesbank 401(k) Plan reported $59M in total assets and 333 participants in its 2022 DOL Form 5500 filing, ranking in the 89th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,655 in Finance & Insurance (9,261 peers)

Where Peoplesbank 401(k) Plan sits by assets

Peoplesbank 401(k) Plan sits in the top quartile of all filed plans by assets, $59M for 333 participants (~$175,892/participant), down 8.1% in 2022.

#7,655
in Finance & Insurance (9,261 peers)
-8.1%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $5M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Peoplesbank 401(k) Plan's outsized position by total assets

Peoplesbank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$58,572,014 Top 11% higher than 89% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Peoplesbank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Peoplesbank 401(k) Plan sits mid-pack in the medium band (333 participants).

DOL schedule card

Filing strip 200262355 · PEOPLESBANK PY 2022 · 401(k)

Peoplesbank 401(k) Plan · $59M · 333 · 89th

  • PCT $59M
  • EIN 333
  • RANK 89th
  • PHOTO 401(k)
  • IND near Life Flight Network, LLC 401(k) Plan
  • EOY ind #7655

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Massachusetts →

Peoplesbank 401(k) Plan in the asset neighbourhood

American Society of Mechanical Engineers 401(k) PlanAmerican Society of Mechanic…$59MPike Companies Limited 401(k) Savings and Profit Sharing PlanPike Companies Limited 401(k…$59MPeoplesbank 401(k) Plan$59MLife Flight Network, LLC 401(k) PlanLife Flight Network, LLC 401…$59MCutco Cutlery Corporation Hourly Savings PlanCutco Cutlery Corporation Ho…$59M
End-of-year total assets ($M) among Peoplesbank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$59M
Net Income-$5M
Employer EIN200262355
Plan Effective Date1988-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (PEOPLESBANK)

Sponsor-wide plan assets over time

All PEOPLESBANK plans reported in each filing year

Latest sponsor-wide plan assets
$69M 7.963484573000155% vs 2022
2024 filing year
$65M$70M$75M$80M$85M 202220232024 $74.8M $68.9M ▼ -8.0%
Year Plans Participants Total Assets
2022 2 383 $75M
2023 2 357 $82M
2024 1 299 $69M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Peoplesbank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants Peoplesbank 401(k) Plan, Total assets ($B): 0.058572014 · Participants: 333Peoplesbank 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Institute of Technology Supplemental 401(k) PlanPhilips North America 401(k) Plan, Total assets ($B): 5.180251859 · Participants: 19750Philips North America 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Corporation 401(k) Retirement Savings Plan
Peoplesbank 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Peoplesbank 401(k) Plan side-by-side with 3 peers →

Peoplesbank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Life Flight Network, LLC 401(k) Plan in OR ($59M); by covered participants it is Whitehat Security, Inc. 401(k) Plan in CA (333 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (333 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Peoplesbank 401(k) Plan assets move in 2022? ▼
Peoplesbank 401(k) Plan pulled back noticeably - down 8.1% during 2022, from $64M to $59M. Reported net income was -$5M.
How have PEOPLESBANK plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), PEOPLESBANK's sponsor-wide assets declined 8.0%, from $75M to $69M.
Where does Peoplesbank 401(k) Plan rank by assets among Form 5500 filers? ▼
Peoplesbank 401(k) Plan ranks in the 89th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Peoplesbank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Life Flight Network, LLC 401(k) Plan in OR ($59M, 734 participants).
Which 401(k) plans cover a similar participant headcount to Peoplesbank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Whitehat Security, Inc. 401(k) Plan in CA (333 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 200262355.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.