Peoplesbank Defined Benefit Pension 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 Defined Benefit Pension Plan is a benefit plan reported by Peoplesbank under EIN 20-0262355 and plan number 001. The latest loaded filing year is 2023. The filing reports 168 participants and $19,842,416 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Peoplesbank
- EIN
- 20-0262355
- Plan number
- 001
- Plan type
- 2
- Location
- Holyoke, MA
- Latest filing year
- 2023
- Participants
- 168
- End-of-year plan assets
- $19,842,416
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 168 | H, C | 20250814154543NAL0009256083001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $19,842,416
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $19,842,416
- Net assets (BOY)
- $16,252,580
Income & contributions
- Employer contributions
- $0
- Participant contributions
- $0
- Total contributions
- $0
- Total income / additions
- $4,366,473
Expenses & distributions
- Benefits paid
- $757,514
- Administrative expenses
- $19,123
- Total expenses
- $776,637
- Net increase / (decrease)
- $3,589,836
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Commonwealth Equity Svcs, LLC Dba | INVESTMENT ADVISOR | $2,995 | $0 | 2023 |
| Empower Annuity Insurance Company | RECORDKEEPER | $0 | $0 | 2023 |