Plan5500

Peoplesbank 401(K) Plan — Form 5500 plan (Peoplesbank)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Peoplesbank 401(K) Plan is a benefit plan reported by Peoplesbank under EIN 20-0262355 and plan number 002. The latest loaded filing year is 2023. The filing reports 419 participants and $62,134,572 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Peoplesbank
EIN
20-0262355
Plan number
002
Plan type
2
Location
Holyoke, MA
Latest filing year
2023
Participants
419
End-of-year plan assets
$62,134,572

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023419H, C20241009193804NAL0019866305001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$62,134,572
Total liabilities (EOY)
$0
Net assets (EOY)
$62,134,572
Net assets (BOY)
$58,572,014

Income & contributions

Employer contributions
$2,271,114
Participant contributions
$1,849,844
Total contributions
$5,178,436
Total income / additions
$12,528,952

Expenses & distributions

Benefits paid
$8,823,060
Administrative expenses
$135,694
Total expenses
$8,966,394
Net increase / (decrease)
$3,562,558

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$132,295$02023
Commonwealth Equity Services LLC DbINVESTMENT ADVISOR$6,000not reported in the loaded dataset2023
Qdro Consultants Company, LLCOTHER-$300not reported in the loaded dataset2023

Related Form 5500 pages