401(k) · DOL Form 5500 · 2023

PEOPLESBANK 401(k) Plan

Data updated 2026-08-25

$62M
Total assets Below avg plan size
310
Participants Below avg headcount
88th
Percentile by assets National rank
$200,434
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

$62M in assets, 310 participants

PEOPLESBANK's Peoplesbank 401(k) Plan reported $62M in total assets and 310 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,177 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Peoplesbank 401(k) Plan covers 310 participants in Massachusetts, about 47% of the average Massachusetts filer (state average ~659 per filing). Assets: $62M.

#7,177
in Finance & Insurance (8,869 peers)
+6.1%
assets growth YoY
0.6×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$62,134,572 Top 12% higher than 88% of 127,068 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 2023

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

Plan-year 2023 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 (310 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Peoplesbank 401(k) Plan reported net income rose from -$5M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Peoplesbank 401(k) Plan reported participants fell from 333 in the plan year 2022 filing to 310 in the plan year 2023 filing.
  • Peoplesbank 401(k) Plan end-of-year assets rose from $59M in the plan year 2022 filing to $62M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 200262355 · PEOPLESBANK PY 2023 · 401(k)

Peoplesbank 401(k) Plan · $62M · 310 · 88th

  • BOY $62M
  • BOY 310
  • BOY 88th
  • BOY 401(k)
  • BOY near Anne Arundel Dermatology, P.a., Profit Sharing Plan
  • BOY ind #7177

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

Anne Arundel Dermatology, P.a., Profit Sharing PlanAnne Arundel Dermatology, P.…$62MFlat Branch Mortgage, Inc. Retirement Savings PlanFlat Branch Mortgage, Inc. R…$62MBts USA, Inc. 401(k) Retirement PlanBts USA, Inc. 401(k) Retirem…$62MPeoplesbank 401(k) Plan$62MWilks Brothers, LLC 401(k) PlanWilks Brothers, LLC 401(k) P…$62M
End-of-year total assets ($M) among Peoplesbank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$59M
Net Assets (End of Year)$62M
Net Income$4M
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. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Peoplesbank 401(k) Plan, Total assets ($B): 0.062134572 · Participants: 310Peoplesbank 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) 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 Anne Arundel Dermatology, P.a., Profit Sharing Plan in MD ($62M); by covered participants it is Murphy Employee Profit Sharing and 401(k) Plan in MO (310 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($62M here).

Similar participant headcount

Nearest other-state filings by covered participants (310 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Peoplesbank 401(k) Plan grew at a solid clip - up 6.1% during 2023, from $59M to $62M. Reported net income was $4M.
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 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Anne Arundel Dermatology, P.a., Profit Sharing Plan in MD ($62M, 1,680 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 Murphy Employee Profit Sharing and 401(k) Plan in MO (310 participants, $67M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.