Defined Benefit (Pension) · DOL Form 5500 · 2022
PEOPLESBANK Pension Plan
Data updated 2026-08-11
- $16M
- Total assets
- 50
- Participants
- 74th
- Percentile by assets
- $325,052
- Avg per participant
Official DOL plan name: Peoplesbank Defined Benefit Pension Plan · Sponsored by PEOPLESBANK · Massachusetts · Finance & Insurance
$16M in assets, 50 participants
PEOPLESBANK's Peoplesbank Defined Benefit Pension Plan reported $16M in total assets and 50 participants in its 2022 DOL Form 5500 filing, ranking in the 74th 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.
- 74th percentile by assets (of 139,126 plans)
- #5,493 in Finance & Insurance (9,261 peers)
What the 2022 filing shows
Peoplesbank Defined Benefit Pension Plan holds $16M for 50 participants - about $325,052 per participant, above the median plan by assets.
- $16M
- total plan assets (2022 EOY)
- 50
- covered participants
- 74th
- percentile by assets (of 139,126 plans)
- $325,052
- avg assets per participant
The plan reported a net loss of $690K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Defined Benefit (Pension) filing for Peoplesbank Defined Benefit Pension Plan
Defined Benefit (Pension) filing for plan year 2022: EIN 200262355 ; effective since 1981-11-01 ; filing status FILING RECEIVED. Verify the certified figures on DOL EFAST2.
Filing particulars (2022)
| Total Assets (Beginning of Year) | $17M |
|---|---|
| Net Assets (End of Year) | $16M |
| Net Income | -$690K |
| Employer EIN | 200262355 |
| Plan Effective Date | 1981-11-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (PEOPLESBANK)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 383 | $75M |
| 2023 | 2 | 357 | $82M |
| 2024 | 1 | 299 | $69M |
Nearby Defined Benefit (Pension) Plans in Massachusetts
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
Peoplesbank Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $9.1B · 55,495
- Liberty Mutual Retirement Benefit Plan $6.8B · 33,087
- Massachusetts Institute of Technology Basic Retirement Plan $5.3B · 11,835
- N. Atlantic States Carp. Pension Fund $4.8B · 17,323
- N. Atlantic States Carp. Guaranteed Annuity Fund $3.6B · 10,962
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Peoplesbank Defined Benefit Pension Plan by total assets, not by location.
Frequently Asked Questions
How did Peoplesbank Defined Benefit Pension Plan assets move in 2022? ▼
How have PEOPLESBANK plan assets changed over time? ▼
Which Defined Benefit (Pension) plans are similar in size to Peoplesbank Defined Benefit Pension Plan? ▼
Next read for Peoplesbank Defined Benefit Pension Plan
Filing takeaways
Ways to act on Peoplesbank Defined Benefit Pension Plan's numbers.
- By total assets, Peoplesbank Defined Benefit Pension Plan ranks above the median plan by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in Massachusetts. Compare plans
- PEOPLESBANK's sponsor-wide assets have declined 8.0% since 2022 across 3 plan years on file. More Finance & Insurance plans