401(k) · DOL Form 5500 · 2023

People Incorporated 401(k) Plan

Data updated 2026-08-25

$15M
Total assets Small plan by assets
645
Participants Below avg headcount
67th
Percentile by assets National rank
$23,442
Avg per participant Low balance/head
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Official DOL plan name: People Incorporated Retirement Savings Plan · Sponsored by People Incorporated · Minnesota · Healthcare & Social Assistance

$15M in assets, 645 participants

People Incorporated's People Incorporated Retirement Savings Plan reported $15M in total assets and 645 participants in its 2023 DOL Form 5500 filing, ranking in the 67th 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.

  • #12,784 in Healthcare & Social Assistance (17,684 peers)

People Incorporated multi-year trail

People Incorporated's plans moved +33.7% in assets from 2022 to 2024; this filing shows People Incorporated Retirement Savings Plan at $15M / 645 participants.

#12,784
in Healthcare & Social Assistance (17,684 peers)
+18.2%
assets growth YoY

People Incorporated Retirement Savings Plan's outsized position by total assets

People Incorporated Retirement Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$15,119,927 Top 33% higher than 67% 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

People Incorporated Retirement Savings 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. People Incorporated Retirement Savings Plan sits mid-pack in the medium band (645 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • People Incorporated Retirement Savings Plan reported net income rose from -$543K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • People Incorporated Retirement Savings Plan end-of-year assets rose from $13M in the plan year 2022 filing to $15M in the plan year 2023 filing.
  • People Incorporated Retirement Savings Plan reported participants fell from 666 in the plan year 2022 filing to 645 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 410962296 · People Incorporated PY 2023 · 401(k)

People Incorporated Retirement Savings Plan · $15M · 645 · 67th

  • PART $15M
  • TYPE 645
  • NET 67th
  • BOOK 401(k)
  • VS-ST near Valley Electric Co. of Mt. Vernon 401(k) Profit Sharing Plan
  • BOY ind #12784

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 Healthcare & Social Assistance retirement plans → · Plans in Minnesota →

People Incorporated Retirement Savings Plan in the asset neighbourhood

People Incorporated Retirement Savings PlanPeople Incorporated Retireme…$15MValley Electric Co. of Mt. Vernon 401(k) Profit Sharing PlanValley Electric Co. of Mt. V…$15MTwo's Company, Inc. 401(k) Profit Sharing PlanTwo's Company, Inc. 401(k) P…$15MAl Baumann Chevrolet Buick, Inc. 401(k) PlanAl Baumann Chevrolet Buick, …$15MSenior Star Management Company 401(k) PlanSenior Star Management Compa…$15M
End-of-year total assets ($M) among People Incorporated Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

People Incorporated multi-year asset trail

Sponsor-wide plan assets over time

All People Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$17M 33.74862549202127% vs 2022
2024 filing year
$12M$14M$16M$18M 202220232024 $12.8M $17.1M ▲ +33.7%
Year Plans Participants Total Assets
2022 1 666 $13M
2023 1 645 $15M
2024 1 651 $17M

People Incorporated filing trail (2023)

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$15M
Net Income$2M
Employer EIN410962296
Plan Effective Date1985-10-14
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Minnesota

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

People Incorporated Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -50510152025 Total assets ($B) Participants People Incorporated Retirement Savings Plan, Total assets ($B): 0.015119927 · Participants: 645People Incorporated Retirement Savings PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 22.432100178 · Participants: 198972Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 13.008265857 · Participants: 432617Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 12.931979 · Participants: 44342Medtronic Savings and Investment Plan3M Voluntary Investment Plan and Employee Stock Ownership Plan, Total assets ($B): 12.04661588 · Participants: 360493M Voluntary Investment Plan and Employee Stock Ownership PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 10.271161911 · Participants: 75272U.S. Bank 401(k) Savings Plan
People Incorporated Retirement Savings Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare People Incorporated Retirement Savings Plan side-by-side with 3 peers →

People Incorporated Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Valley Electric Co. of Mt. Vernon 401(k) Profit Sharing Plan in WA ($15M); by covered participants it is Compugroup Medical Systems 401(k) Plan in TX (645 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (645 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 People Incorporated Retirement Savings Plan assets move in 2023? ▼
People Incorporated Retirement Savings Plan grew sharply - up 18.2% during 2023, from $13M to $15M. Reported net income was $2M.
How have People Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), People Incorporated's sponsor-wide assets grew 33.7%, from $13M to $17M.
Which 401(k) plans are similar in size to People Incorporated Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is Valley Electric Co. of Mt. Vernon 401(k) Profit Sharing Plan in WA ($15M, 92 participants).
Which 401(k) plans cover a similar participant headcount to People Incorporated Retirement Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Compugroup Medical Systems 401(k) Plan in TX (645 participants, $40M 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 410962296.

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.