401(k) · DOL Form 5500 · 2024

PEOPLESBANK 401(k) Plan

Data updated 2026-08-25

$69M
Total assets Below avg plan size
299
Participants Below avg headcount
87th
Percentile by assets National rank
$230,321
Avg per participant Above avg balance/head
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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.

  • #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.

#6,889
in Finance & Insurance (8,549 peers)
+10.8%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Peoplesbank 401(k) Plan's outsized position 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 $2,050,000,000 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 2024

Peoplesbank 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Peoplesbank 401(k) Plan sits mid-pack in the medium band (299 participants).

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 →

DOL schedule card

Filing strip 200262355 · PEOPLESBANK PY 2024 · 401(k)

Peoplesbank 401(k) Plan · $69M · 299 · 87th

  • 5500 $69M
  • ASSETS 299
  • PCT 87th
  • EIN 401(k)
  • RANK near International Longshoremen's Association, AFL-CIO South East Florida Ports Defined Contribution Plan
  • PHOTO ind #6889

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 401(k) Plan in the asset neighbourhood

Peoplesbank 401(k) Plan$69MInternational Longshoremen's Association, AFL-CIO South East Florida Ports Defined Contribution PlanInternational Longshoremen's…$69MInlandboatmen's Union of the Pacific National 401(k) PlanInlandboatmen's Union of the…$69MC&b Operations, LLC Retirement Savings PlanC&b Operations, LLC Retireme…$69MThe Sauer Brands, Inc. 401(k) Profit Sharing Plan & TrustThe Sauer Brands, Inc. 401(k…$69M
End-of-year total assets ($M) among Peoplesbank 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

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)

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

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 ($B) Participants Peoplesbank 401(k) Plan, Total assets ($B): 0.068865949 · Participants: 299Peoplesbank 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
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 →

Peoplesbank 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is International Longshoremen's Association, AFL-CIO South East Florida Ports Defined Contribution Plan in FL ($69M); by covered participants it is Environmental Chemical Corporation Profit Sharing 401(k) Plan in CA (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 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to Peoplesbank 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Environmental Chemical Corporation Profit Sharing 401(k) Plan in CA (299 participants, $115M in assets).

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.