401(k)
2023 plan-year 401(k) DOL Form 5500

403(b) Thrift Plan for Employees of People, Incorporated

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by People, Incorporated · Massachusetts · Healthcare & Social Assistance

What the 2023 filing shows

403(b) Thrift Plan for Employees of People, Incorporated holds $9M for 724 participants — about $11,817 per participant, up 16.8% over the 2023 plan year.

$9M
total plan assets (2023 EOY)
724
covered participants
$11,817
avg assets per participant
+16.8%
assets growth YoY
Total Assets (2023)
$9M
Participants
724
Industry
Healthcare & Social Assistance

What the Filing Says About 403(b) Thrift Plan for Employees of People, Incorporated

403(b) Thrift Plan for Employees of People, Incorporated is a 401(k) retirement plan sponsored by People, Incorporated, headquartered in Massachusetts. As of the 2023 Form 5500 filing, the plan reports $9M in total end-of-year assets and covers 724 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 042447216, and the plan has been effective since 2004-05-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $7M at the beginning of 2023 to $9M at year-end — a gain of 16.8%. Net assets (after liabilities) closed the year at $9M, with reported net income of $1M driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$7M
Total Assets (End of Year)$9M
Net Assets (End of Year)$9M
Net Income$1M
Plan Type401(k)
Employer EIN042447216
Plan Effective Date2004-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (People, Incorporated)

Year Plans Participants Total Assets
2022 1 758 $7M
2023 1 724 $9M

Nearby 401(k) Plans in Massachusetts

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

Frequently Asked Questions

How much money is in the 403(b) Thrift Plan for Employees of People, Incorporated?
As of the 2023 Form 5500 filing, 403(b) Thrift Plan for Employees of People, Incorporated holds $9M in total assets with 724 participants. It is sponsored by People, Incorporated.
What type of plan is 403(b) Thrift Plan for Employees of People, Incorporated?
403(b) Thrift Plan for Employees of People, Incorporated is a 401(k) plan. It has been effective since 2004-05-01. The plan is filed with the U.S. Department of Labor under EIN 042447216.
Who sponsors the 403(b) Thrift Plan for Employees of People, Incorporated?
403(b) Thrift Plan for Employees of People, Incorporated is sponsored by People, Incorporated, located in Massachusetts. The sponsor's EIN is 042447216 and the plan operates in the Healthcare & Social Assistance industry.
How did 403(b) Thrift Plan for Employees of People, Incorporated perform in 2023?
403(b) Thrift Plan for Employees of People, Incorporated grew by 16.8% during 2023, moving from $7M to $9M in total assets. Net income was $1M.
Where can I find official filings for 403(b) Thrift Plan for Employees of People, Incorporated?
Official Form 5500 filings for 403(b) Thrift Plan for Employees of People, Incorporated are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 042447216 or plan name at efast.dol.gov.
How does 403(b) Thrift Plan for Employees of People, Incorporated compare to other plans?
You can compare 403(b) Thrift Plan for Employees of People, Incorporated against other 401(k) plans on the plan type page, or view plans in Massachusetts on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 042447216.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

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