Defined Benefit (Pension) · DOL Form 5500 · 2023

PEOPLESBANK Pension Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
47
Participants Small participant base
72nd
Percentile by assets National rank
$422,179
Avg per participant High balance/head
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Official DOL plan name: Peoplesbank Defined Benefit Pension Plan · Sponsored by PEOPLESBANK · Massachusetts · Finance & Insurance

$20M in assets, 47 participants

PEOPLESBANK's Peoplesbank Defined Benefit Pension Plan reported $20M in total assets and 47 participants in its 2023 DOL Form 5500 filing, ranking in the 72nd 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.

  • #5,233 in Finance & Insurance (8,869 peers)

2023 asset change

Peoplesbank Defined Benefit Pension Plan grew sharply 22.1% in 2023 ($16M → $20M) for 47 participants.

#5,233
in Finance & Insurance (8,869 peers)
+22.1%
assets growth YoY

Peoplesbank Defined Benefit Pension Plan's outsized position by total assets

Peoplesbank Defined Benefit Pension Plan vs every filed plan by assets

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

$19,842,416 Top 28% higher than 72% 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 Defined Benefit Pension Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Peoplesbank Defined Benefit Pension Plan is a small filing (47 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Peoplesbank Defined Benefit Pension Plan reported net income rose from -$690K in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Peoplesbank Defined Benefit Pension Plan end-of-year assets rose from $16M in the plan year 2022 filing to $20M in the plan year 2023 filing.
  • Peoplesbank Defined Benefit Pension Plan reported participants fell from 50 in the plan year 2022 filing to 47 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 200262355 · PEOPLESBANK PY 2023 · Defined Benefit (Pension)

Peoplesbank Defined Benefit Pension Plan · $20M · 47 · 72nd

  • SCH $20M
  • SCH 47
  • SCH 72nd
  • SCH Defined Benefit (Pension)
  • SCH near Dinsmore & Shohl LLP Cash Balance Plan
  • SCH ind #5233

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 Defined Benefit Pension Plan in the asset neighbourhood

Western Industries, Inc. Employees Pension PlanWestern Industries, Inc. Emp…$20MPeoplesbank Defined Benefit Pension PlanPeoplesbank Defined Benefit …$20MDinsmore & Shohl LLP Cash Balance PlanDinsmore & Shohl LLP Cash Ba…$20MAgc Chemicals Americas, Inc. Pension PlanAgc Chemicals Americas, Inc.…$20MBanco De La Nacion Argentina Retirement PlanBanco De La Nacion Argentina…$20M
End-of-year total assets ($M) among Peoplesbank Defined Benefit Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

PEOPLESBANK years around the 2023 move

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

2023 asset-move particulars

Total Assets (Beginning of Year)$16M
Net Assets (End of Year)$20M
Net Income$4M
Employer EIN200262355
Plan Effective Date1981-11-01
Filing StatusFILING RECEIVED

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 Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Peoplesbank Defined Benefit Pension Plan, Total assets ($B): 0.019842416 · Participants: 47Peoplesbank Defined Benefit Pension PlanConsolidated Cash Balance Program of Mass General Brigham and Member Organizations, Total assets ($B): 10.325856564 · Participants: 58745Consolidated Cash Balance Program of Mass General Brigham and Member OrganizationsNew England Teamsters Pension Fund, Total assets ($B): 9.092299586 · Participants: 21786New England Teamsters Pension FundLiberty Mutual Retirement Benefit Plan, Total assets ($B): 6.892259637 · Participants: 37145Liberty Mutual Retirement Benefit PlanMassachusetts Institute of Technology Basic Retirement Plan, Total assets ($B): 5.381626447 · Participants: 11888Massachusetts Institute of Technology Basic Retirement PlanN. Atlantic States Carp. Pension Fund, Total assets ($B): 4.973349354 · Participants: 17166N. Atlantic States Carp. Pension Fund
Peoplesbank Defined Benefit Pension Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Peoplesbank Defined Benefit Pension Plan side-by-side with 3 peers →

Peoplesbank Defined Benefit Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Massachusetts, the nearest Defined Benefit (Pension) by assets is Dinsmore & Shohl LLP Cash Balance Plan in OH ($20M); by covered participants it is First Federal Savings Bank Defined Benefit Plan in IN (47 participants). Same-state nearby plans are listed separately above.

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 Defined Benefit Pension Plan assets move in 2023? ▼
Peoplesbank Defined Benefit Pension Plan grew sharply - up 22.1% during 2023, from $16M to $20M. 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.
Which Defined Benefit (Pension) plans are similar in size to Peoplesbank Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Dinsmore & Shohl LLP Cash Balance Plan in OH ($20M, 244 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Peoplesbank Defined Benefit Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is First Federal Savings Bank Defined Benefit Plan in IN (47 participants, $2M 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.