401(k) · DOL Form 5500 · 2024

PEOPLESBANK 401(k) Plan

Data updated 2026-08-11

$69M
Total assets
299
Participants
87th
Percentile by assets
$230,321
Avg per participant
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Official DOL plan name: Peoplesbank 401(k) Plan · Sponsored by PEOPLESBANK · Massachusetts · Finance & Insurance

$69M in assets, 299 participants

PEOPLESBANK's Peoplesbank 401(k) Plan reported $69M in total assets and 299 participants in its 2024 DOL Form 5500 filing, ranking in the 87th 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.

  • 87th percentile by assets (of 123,622 plans)
  • #6,889 in Finance & Insurance (8,549 peers)

Coverage in Massachusetts

Peoplesbank 401(k) Plan covers 299 participants in Massachusetts, about 45% of the average Massachusetts filer (state average ~659 per filing). Assets: $69M.

$69M
total plan assets (2024 EOY)
299
covered participants
87th
percentile by assets (of 123,622 plans)
$230,321
avg assets per participant

Where Peoplesbank 401(k) Plan sits by total assets

Peoplesbank 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$68,865,949 Top 13% higher than 87% of 123,620 filed plans

This plan $0 $2,010,000,000 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 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Peoplesbank 401(k) Plan reported net income rose from $4M in the plan year 2023 filing to $7M in the plan year 2024 filing.
  • Peoplesbank 401(k) Plan end-of-year assets rose from $62M in the plan year 2023 filing to $69M in the plan year 2024 filing.
  • Peoplesbank 401(k) Plan reported participants fell from 310 in the plan year 2023 filing to 299 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Massachusetts
Industry
Finance & Insurance

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Peoplesbank 401(k) Plan reports 299 participants - about 45% of that state average ($69M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)$62M
Net Assets (End of Year)$69M
Net Income$7M
Employer EIN200262355
Plan Effective Date1988-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (PEOPLESBANK)

$65M$70M$75M$80M$85M 202220232024 $74.8M $68.9M ▼ -8.0%
Total plan assets by year, all PEOPLESBANK plans on file
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 ($B) Participants Peoplesbank 401(k) P…, Total assets ($B): 0.068865949 · Participants: 299Peoplesbank 401(k) P…Fidelity Retirement …, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement …Liberty Mutual 401(k…, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k…Massachusetts Instit…, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Instit…Boston Scientific Co…, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Co…State Street Salary …, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary …
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 →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Peoplesbank 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Peoplesbank 401(k) Plan assets move in 2024? ▼
Peoplesbank 401(k) Plan grew at a solid clip - up 10.8% during 2024, from $62M to $69M. Reported net income was $7M.
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 87th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 International Longshoremen's Association, AFL-CIO South East Florida Ports Defined Contribution Plan in FL ($69M, 1,939 participants).

Next read for Peoplesbank 401(k) Plan

Filing takeaways

Ways to act on Peoplesbank 401(k) Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.