Peoplesbank 401(k) Plan: Login, Facts & Contact Information

Peoplesbank 401(k) Plan Facts

Plan name
PEOPLESBANK 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PEOPLESBANK
Participants
429 (315 active employees)
Former employees with a balance
95
Plan assets
$68,865,949 at Dec 31, 2024
Average account balance
$186,124 across 370 accounts
Employer contributions
$2,144,186 in plan year 2024 (50% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 1, 1988
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.33 million went into the plan in contributions, $2.14 million of it from the employer (50%).
  • $4.63 million was paid out to participants.
  • Investment and other income added $7.20 million.
  • Administrative expenses were $143,296, about $387 per account.

How the Peoplesbank 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019398$48.7 million$1.81 million$2.25 million
2020418$57.4 million$1.94 million$2.13 million
2021441$63.7 million$1.86 million$6.41 million
2022446$58.6 million$1.96 million$3.71 million
2023419$62.1 million$2.27 million$8.82 million
2024429$68.9 million$2.14 million$4.63 million

Peoplesbank 401(k) Contact Information

Phone
413-538-9500
Mailing address
330 WHITNEY AVE., HOLYOKE MA 01040
Plan sponsor
PEOPLESBANK
Employer identification number (EIN)
20-0262355
Plan number
002

Questions about the Peoplesbank 401(k)

Does Peoplesbank contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.14 million, 50% of all contributions.

Does the Peoplesbank 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Peoplesbank 401(k) plan?

429 participants at the start of plan year 2024, 315 of them active employees, and 95 former employees who still had money in the plan.

What is the average 401(k) balance at Peoplesbank?

About $186,124 per account: $68.9 million in plan assets across 370 accounts with a balance at the end of plan year 2024.

Who manages the Peoplesbank 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Peoplesbank. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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