# Peoplesbank 401(k) Plan
Source: https://planprovider.pro/companies/peoplesbank-401k-plan-002-2355

> Peoplesbank's 401(k) plan: 315 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/commonwealth-financial-network) — 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|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/peoplesbank-401k-plan-002-2355)

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