401(k) · DOL Form 5500 · 2023

Peoples Bank 401(k) Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
299
Participants Below avg headcount
80th
Percentile by assets National rank
$110,221
Avg per participant Below avg balance/head
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Official DOL plan name: Peoples Bank Profit Sharing and 401(k) Plan · Sponsored by Peoples Bank · North Carolina · Finance & Insurance

$33M in assets, 299 participants

Peoples Bank's Peoples Bank Profit Sharing and 401(k) Plan reported $33M in total assets and 299 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,229 in Finance & Insurance (8,869 peers)

Coverage in North Carolina

Peoples Bank Profit Sharing and 401(k) Plan covers 299 participants in North Carolina, about 37% of the average North Carolina filer (state average ~819 per filing). Assets: $33M.

#6,229
in Finance & Insurance (8,869 peers)
+13.7%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Peoples Bank Profit Sharing and 401(k) Plan's outsized position by total assets

Peoples Bank Profit Sharing and 401(k) Plan vs every filed plan by assets

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

$32,956,119 Top 20% higher than 80% 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

Peoples Bank Profit Sharing and 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. Peoples Bank Profit Sharing and 401(k) Plan sits mid-pack in the medium band (299 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Peoples Bank Profit Sharing and 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Peoples Bank Profit Sharing and 401(k) Plan end-of-year assets rose from $29M in the plan year 2022 filing to $33M in the plan year 2023 filing.
  • Peoples Bank Profit Sharing and 401(k) Plan reported participants fell from 309 in the plan year 2022 filing to 299 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 560354890 · Peoples Bank PY 2023 · 401(k)

Peoples Bank Profit Sharing and 401(k) Plan · $33M · 299 · 80th

  • ASSETS $33M
  • PCT 299
  • EIN 80th
  • RANK 401(k)
  • PHOTO near Metronational Corporation Retirement Savings Plan
  • IND ind #6229

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 North Carolina →

Peoples Bank Profit Sharing and 401(k) Plan in the asset neighbourhood

Peoples Bank Profit Sharing and 401(k) PlanPeoples Bank Profit Sharing …$33MMetronational Corporation Retirement Savings PlanMetronational Corporation Re…$33MBeard Equipment Company 401(k) Profit Sharing Plan & TrustBeard Equipment Company 401(…$33MNikon Metrology, Inc. Savings and Investment PlanNikon Metrology, Inc. Saving…$33MKedrion Biopharma, Inc. 401(k) PlanKedrion Biopharma, Inc. 401(…$33M
End-of-year total assets ($M) among Peoples Bank Profit Sharing and 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$33M
Net Income$4M
Employer EIN560354890
Plan Effective Date1966-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Peoples Bank)

Sponsor-wide plan assets over time

All Peoples Bank plans reported in each filing year

Latest sponsor-wide plan assets
$37M 26.262920222226683% vs 2022
2024 filing year
$25M$30M$35M$40M 202220232024 $29M $36.6M ▲ +26.3%
Year Plans Participants Total Assets
2022 1 309 $29M
2023 1 299 $33M
2024 1 292 $37M

Nearby 401(k) Plans in North Carolina

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

Peoples Bank Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Peoples Bank Profit Sharing and 401(k) Plan, Total assets ($B): 0.032956119 · Participants: 299Peoples Bank Profit Sharing and 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Peoples Bank Profit Sharing and 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Peoples Bank Profit Sharing and 401(k) Plan side-by-side with 3 peers →

Peoples Bank Profit Sharing and 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Metronational Corporation Retirement Savings Plan in TX ($33M); by covered participants it is Sunrise Community Health 401(k) Safe Harbor Plan in CO (299 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (299 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 Peoples Bank Profit Sharing and 401(k) Plan assets move in 2023? ▼
Peoples Bank Profit Sharing and 401(k) Plan grew at a solid clip - up 13.7% during 2023, from $29M to $33M. Reported net income was $4M.
How have Peoples Bank plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Peoples Bank's sponsor-wide assets grew 26.3%, from $29M to $37M.
Where does Peoples Bank Profit Sharing and 401(k) Plan rank by assets among Form 5500 filers? ▼
Peoples Bank Profit Sharing and 401(k) Plan ranks in the 80th 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 Peoples Bank Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Metronational Corporation Retirement Savings Plan in TX ($33M, 251 participants).
Which 401(k) plans cover a similar participant headcount to Peoples Bank Profit Sharing and 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sunrise Community Health 401(k) Safe Harbor Plan in CO (299 participants, $15M 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 560354890.

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.