Plan Snapshot
- Plan Sponsor: Peoplesbank
- Sponsor EIN: 200262355
- Sponsor Address: 330 WHITNEY AVE., HOLYOKE, MA, 01040
- Plan Type: 401(k)
- Total Participants: 315
- Total Assets: $68.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 315 | $68.9M | $2.1M | $2.0M |
| 2023 | 288 | $62.1M | $2.3M | $1.8M |
| 2022 | 310 | $58.6M | $2.0M | $1.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $137,296 | — | $137,296 |
| COMMONWEALTH EQUITY SERVICES LLC DB | INVESTMENT ADVISOR | $6,000 | — | $6,000 |
| WOLF & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH EQUITY SERVICES LLC DB — INVESTMENT ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $143,296
- Estimated Expense Ratio: 0.208% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $143,296 | $6,000 | — | — | — |
| 2023 | $135,694 | $6,000 | — | — | — |
| 2022 | $136,167 | $98,124 | $38,043 | — | — |