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EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 401k Plan overview

Plan NameEMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC.
Plan identification number 001

EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

M&T BANK CORPORATION has sponsored the creation of one or more 401k plans.

Company Name:M&T BANK CORPORATION
Employer identification number (EIN):160968385
NAIC Classification:522110
NAIC Description:Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC.

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012024-01-01
0012023-01-01
0012022-01-01
0012021-01-01

Plan Statistics for EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC.

401k plan membership statisitcs for EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC.

Measure Date Value
2024: EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2024 401k membership
Total participants, beginning-of-year2024-01-013,089
Total number of active participants reported on line 7a of the Form 55002024-01-010
Number of retired or separated participants receiving benefits2024-01-010
Number of other retired or separated participants entitled to future benefits2024-01-010
Total of all active and inactive participants2024-01-010
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2024-01-010
Total participants2024-01-010
Number of participants with account balances2024-01-010
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2024-01-010
2023: EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2023 401k membership
Total participants, beginning-of-year2023-01-014,762
Total number of active participants reported on line 7a of the Form 55002023-01-011
Number of retired or separated participants receiving benefits2023-01-0184
Number of other retired or separated participants entitled to future benefits2023-01-013,004
Total of all active and inactive participants2023-01-013,089
Total participants2023-01-013,089
Number of participants with account balances2023-01-013,088
2022: EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2022 401k membership
Total participants, beginning-of-year2022-01-015,316
Total number of active participants reported on line 7a of the Form 55002022-01-013,287
Number of retired or separated participants receiving benefits2022-01-0130
Number of other retired or separated participants entitled to future benefits2022-01-011,436
Total of all active and inactive participants2022-01-014,753
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-019
Total participants2022-01-014,762
Number of participants with account balances2022-01-014,759
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0113
2021: EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2021 401k membership
Total participants, beginning-of-year2021-01-016,761
Total number of active participants reported on line 7a of the Form 55002021-01-014,401
Number of retired or separated participants receiving benefits2021-01-0141
Number of other retired or separated participants entitled to future benefits2021-01-01863
Total of all active and inactive participants2021-01-015,305
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-0111
Total participants2021-01-015,316
Number of participants with account balances2021-01-015,313
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01523

Financial Data on EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC.

Measure Date Value
2024 : EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2024 401k financial data
Unrealized appreciation/depreciation of real estate assets2024-03-27$0
Unrealized appreciation/depreciation of other (non real estate) assets2024-03-27$1,897
Total unrealized appreciation/depreciation of assets2024-03-27$1,897
Total transfer of assets to this plan2024-03-27$0
Total transfer of assets from this plan2024-03-27$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2024-03-27$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2024-03-27$0
Expenses. Interest paid2024-03-27$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022024-03-27$0
Total income from all sources (including contributions)2024-03-27$5,430
Total loss/gain on sale of assets2024-03-27$3,524
Total of all expenses incurred2024-03-27$328,832
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2024-03-27$328,832
Expenses. Certain deemed distributions of participant loans2024-03-27$0
Value of total corrective distributions2024-03-27$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2024-03-27$0
Value of total assets at end of year2024-03-27$0
Value of total assets at beginning of year2024-03-27$323,402
Total of administrative expenses incurred including professional, contract, advisory and management fees2024-03-27$0
Total income from rents2024-03-27$0
Total interest from all sources2024-03-27$9
Total dividends received (eg from common stock, registered investment company shares)2024-03-27$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2024-03-27Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2024-03-27$0
Total dividends received from registered investment company shares (eg mutual funds)2024-03-27$0
Assets. Real estate other than employer real property at end of year2024-03-27$0
Assets. Real estate other than employer real property at beginning of year2024-03-27$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2024-03-27$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2024-03-27$0
Was this plan covered by a fidelity bond2024-03-27Yes
Value of fidelity bond cover2024-03-27$10,000,000
If this is an individual account plan, was there a blackout period2024-03-27No
Were there any nonexempt tranactions with any party-in-interest2024-03-27No
Contributions received from participants2024-03-27$0
Participant contributions at end of year2024-03-27$0
Participant contributions at beginning of year2024-03-27$0
Participant contributions at end of year2024-03-27$0
Participant contributions at beginning of year2024-03-27$0
Assets. Other investments not covered elsewhere at end of year2024-03-27$0
Assets. Other investments not covered elsewhere at beginning of year2024-03-27$0
Income. Received or receivable in cash from other sources (including rollovers)2024-03-27$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2024-03-27$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2024-03-27$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2024-03-27$0
Assets. Loans (other than to participants) at end of year2024-03-27$0
Assets. Loans (other than to participants) at beginning of year2024-03-27$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2024-03-27$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2024-03-27$0
Other income not declared elsewhere2024-03-27$0
Administrative expenses (other) incurred2024-03-27$0
Liabilities. Value of operating payables at end of year2024-03-27$0
Liabilities. Value of operating payables at beginning of year2024-03-27$0
Total non interest bearing cash at end of year2024-03-27$0
Total non interest bearing cash at beginning of year2024-03-27$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2024-03-27No
Income. Non cash contributions2024-03-27$0
Value of net income/loss2024-03-27$-323,402
Value of net assets at end of year (total assets less liabilities)2024-03-27$0
Value of net assets at beginning of year (total assets less liabilities)2024-03-27$323,402
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2024-03-27No
Were any loans by the plan or fixed income obligations due to the plan in default2024-03-27No
Were any leases to which the plan was party in default or uncollectible2024-03-27No
Assets. partnership/joint venture interests at end of year2024-03-27$0
Assets. partnership/joint venture interests at beginning of year2024-03-27$0
Investment advisory and management fees2024-03-27$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2024-03-27$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2024-03-27$0
Value of interest in pooled separate accounts at end of year2024-03-27$0
Value of interest in pooled separate accounts at beginning of year2024-03-27$0
Interest on participant loans2024-03-27$0
Income. Interest from loans (other than to participants)2024-03-27$0
Interest earned on other investments2024-03-27$0
Income. Interest from US Government securities2024-03-27$0
Income. Interest from corporate debt instruments2024-03-27$0
Value of interest in master investment trust accounts at end of year2024-03-27$0
Value of interest in master investment trust accounts at beginning of year2024-03-27$0
Value of interest in common/collective trusts at end of year2024-03-27$0
Value of interest in common/collective trusts at beginning of year2024-03-27$2,614
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2024-03-27$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2024-03-27$264
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2024-03-27$264
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2024-03-27$9
Assets. Value of investments in 103.12 investment entities at end of year2024-03-27$0
Assets. Value of investments in 103.12 investment entities at beginning of year2024-03-27$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2024-03-27$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2024-03-27$0
Expenses. Payments to insurance carriers foe the provision of benefits2024-03-27$0
Asset value of US Government securities at end of year2024-03-27$0
Asset value of US Government securities at beginning of year2024-03-27$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2024-03-27$0
Net investment gain/loss from pooled separate accounts2024-03-27$0
Net investment gain or loss from common/collective trusts2024-03-27$0
Net gain/loss from 103.12 investment entities2024-03-27$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2024-03-27No
Was there a failure to transmit to the plan any participant contributions2024-03-27No
Has the plan failed to provide any benefit when due under the plan2024-03-27No
Assets. Invements in employer securities at end of year2024-03-27$0
Assets. Invements in employer securities at beginning of year2024-03-27$320,524
Assets. Value of employer real property at end of year2024-03-27$0
Assets. Value of employer real property at beginning of year2024-03-27$0
Contributions received in cash from employer2024-03-27$0
Employer contributions (assets) at end of year2024-03-27$0
Employer contributions (assets) at beginning of year2024-03-27$0
Income. Dividends from preferred stock2024-03-27$0
Income. Dividends from common stock2024-03-27$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2024-03-27$328,832
Asset. Corporate debt instrument preferred debt at end of year2024-03-27$0
Asset. Corporate debt instrument preferred debt at beginning of year2024-03-27$0
Asset. Corporate debt instrument debt (other) at end of year2024-03-27$0
Asset. Corporate debt instrument debt (other) at beginning of year2024-03-27$0
Contract administrator fees2024-03-27$0
Assets. Corporate common stocks other than exployer securities at end of year2024-03-27$0
Assets. Corporate common stocks other than exployer securities at beginning of year2024-03-27$0
Liabilities. Value of benefit claims payable at end of year2024-03-27$0
Liabilities. Value of benefit claims payable at beginning of year2024-03-27$0
Assets. Value of buildings and other operty used in plan operation at end of year2024-03-27$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2024-03-27$0
Did the plan have assets held for investment2024-03-27No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2024-03-27No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2024-03-27Yes
Aggregate proceeds on sale of assets2024-03-27$325,946
Aggregate carrying amount (costs) on sale of assets2024-03-27$322,422
Liabilities. Value of acquisition indebtedness at end of year2024-03-27$0
Liabilities. Value of acquisition indebtedness at beginning of year2024-03-27$0
Opinion of an independent qualified public accountant for this plan2024-03-27Unqualified
Accountancy firm name2024-03-27MCSOLEY MCCOY & CO.
Accountancy firm EIN2024-03-27030327374
2023 : EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2023 401k financial data
Unrealized appreciation/depreciation of real estate assets2023-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2023-12-31$0
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total transfer of assets to this plan2023-12-31$0
Total transfer of assets from this plan2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Expenses. Interest paid2023-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022023-12-31$0
Total income from all sources (including contributions)2023-12-31$-1,622,245
Total loss/gain on sale of assets2023-12-31$-3,133,596
Total of all expenses incurred2023-12-31$44,681,572
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$44,676,825
Expenses. Certain deemed distributions of participant loans2023-12-31$0
Value of total corrective distributions2023-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$0
Value of total assets at end of year2023-12-31$323,402
Value of total assets at beginning of year2023-12-31$46,627,219
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$4,747
Total income from rents2023-12-31$0
Total interest from all sources2023-12-31$35,715
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$1,470,452
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2023-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2023-12-31$0
Assets. Real estate other than employer real property at end of year2023-12-31$0
Assets. Real estate other than employer real property at beginning of year2023-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2023-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2023-12-31$0
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$0
Participant contributions at end of year2023-12-31$0
Participant contributions at beginning of year2023-12-31$0
Participant contributions at end of year2023-12-31$0
Participant contributions at beginning of year2023-12-31$0
Assets. Other investments not covered elsewhere at end of year2023-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2023-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$0
Assets. Loans (other than to participants) at end of year2023-12-31$0
Assets. Loans (other than to participants) at beginning of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2023-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2023-12-31$0
Other income not declared elsewhere2023-12-31$0
Administrative expenses (other) incurred2023-12-31$0
Liabilities. Value of operating payables at end of year2023-12-31$0
Liabilities. Value of operating payables at beginning of year2023-12-31$0
Total non interest bearing cash at end of year2023-12-31$0
Total non interest bearing cash at beginning of year2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Income. Non cash contributions2023-12-31$0
Value of net income/loss2023-12-31$-46,303,817
Value of net assets at end of year (total assets less liabilities)2023-12-31$323,402
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$46,627,219
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Assets. partnership/joint venture interests at end of year2023-12-31$0
Assets. partnership/joint venture interests at beginning of year2023-12-31$0
Investment advisory and management fees2023-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$0
Value of interest in pooled separate accounts at end of year2023-12-31$0
Value of interest in pooled separate accounts at beginning of year2023-12-31$0
Interest on participant loans2023-12-31$0
Income. Interest from loans (other than to participants)2023-12-31$0
Interest earned on other investments2023-12-31$0
Income. Interest from US Government securities2023-12-31$0
Income. Interest from corporate debt instruments2023-12-31$0
Value of interest in master investment trust accounts at end of year2023-12-31$0
Value of interest in master investment trust accounts at beginning of year2023-12-31$0
Value of interest in common/collective trusts at end of year2023-12-31$2,614
Value of interest in common/collective trusts at beginning of year2023-12-31$69,788
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2023-12-31$264
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2023-12-31$802,666
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2023-12-31$802,666
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$35,715
Assets. Value of investments in 103.12 investment entities at end of year2023-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2023-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2023-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2023-12-31$0
Asset value of US Government securities at end of year2023-12-31$0
Asset value of US Government securities at beginning of year2023-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$0
Net investment gain/loss from pooled separate accounts2023-12-31$0
Net investment gain or loss from common/collective trusts2023-12-31$5,184
Net gain/loss from 103.12 investment entities2023-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Assets. Invements in employer securities at end of year2023-12-31$320,524
Assets. Invements in employer securities at beginning of year2023-12-31$45,754,765
Assets. Value of employer real property at end of year2023-12-31$0
Assets. Value of employer real property at beginning of year2023-12-31$0
Contributions received in cash from employer2023-12-31$0
Employer contributions (assets) at end of year2023-12-31$0
Employer contributions (assets) at beginning of year2023-12-31$0
Income. Dividends from preferred stock2023-12-31$0
Income. Dividends from common stock2023-12-31$1,470,452
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$44,676,825
Asset. Corporate debt instrument preferred debt at end of year2023-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2023-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2023-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2023-12-31$0
Contract administrator fees2023-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2023-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2023-12-31$0
Liabilities. Value of benefit claims payable at end of year2023-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2023-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2023-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2023-12-31$0
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Aggregate proceeds on sale of assets2023-12-31$43,772,134
Aggregate carrying amount (costs) on sale of assets2023-12-31$46,905,730
Liabilities. Value of acquisition indebtedness at end of year2023-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2023-12-31$0
2022 : EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets2022-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2022-12-31$-6,439,061
Total unrealized appreciation/depreciation of assets2022-12-31$-6,439,061
Total transfer of assets to this plan2022-12-31$0
Total transfer of assets from this plan2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$161,171,346
Expenses. Interest paid2022-12-31$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022022-12-31$0
Total income from all sources (including contributions)2022-12-31$72,317,242
Total loss/gain on sale of assets2022-12-31$7,528,945
Total of all expenses incurred2022-12-31$41,116,989
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$41,109,537
Expenses. Certain deemed distributions of participant loans2022-12-31$0
Value of total corrective distributions2022-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$954,306
Value of total assets at end of year2022-12-31$46,627,219
Value of total assets at beginning of year2022-12-31$176,598,312
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$7,452
Total income from rents2022-12-31$0
Total interest from all sources2022-12-31$13,071
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$2,215,521
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2022-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2022-12-31$0
Assets. Real estate other than employer real property at end of year2022-12-31$0
Assets. Real estate other than employer real property at beginning of year2022-12-31$0
Administrative expenses professional fees incurred2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2022-12-31$0
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$0
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Participant contributions at end of year2022-12-31$0
Participant contributions at beginning of year2022-12-31$0
Assets. Other investments not covered elsewhere at end of year2022-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2022-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$0
Assets. Loans (other than to participants) at end of year2022-12-31$0
Assets. Loans (other than to participants) at beginning of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Other income not declared elsewhere2022-12-31$0
Administrative expenses (other) incurred2022-12-31$7,452
Liabilities. Value of operating payables at end of year2022-12-31$0
Liabilities. Value of operating payables at beginning of year2022-12-31$0
Total non interest bearing cash at end of year2022-12-31$0
Total non interest bearing cash at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Income. Non cash contributions2022-12-31$0
Value of net income/loss2022-12-31$31,200,253
Value of net assets at end of year (total assets less liabilities)2022-12-31$46,627,219
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$15,426,966
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Assets. partnership/joint venture interests at end of year2022-12-31$0
Assets. partnership/joint venture interests at beginning of year2022-12-31$0
Investment advisory and management fees2022-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$0
Value of interest in pooled separate accounts at end of year2022-12-31$0
Value of interest in pooled separate accounts at beginning of year2022-12-31$0
Interest on participant loans2022-12-31$0
Income. Interest from loans (other than to participants)2022-12-31$0
Interest earned on other investments2022-12-31$0
Income. Interest from US Government securities2022-12-31$0
Income. Interest from corporate debt instruments2022-12-31$0
Value of interest in master investment trust accounts at end of year2022-12-31$0
Value of interest in master investment trust accounts at beginning of year2022-12-31$0
Value of interest in common/collective trusts at end of year2022-12-31$69,788
Value of interest in common/collective trusts at beginning of year2022-12-31$411,092
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$802,666
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$332
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$332
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$13,071
Assets. Value of investments in 103.12 investment entities at end of year2022-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2022-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2022-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2022-12-31$0
Asset value of US Government securities at end of year2022-12-31$0
Asset value of US Government securities at beginning of year2022-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$68,031,700
Net investment gain/loss from pooled separate accounts2022-12-31$0
Net investment gain or loss from common/collective trusts2022-12-31$12,760
Net gain/loss from 103.12 investment entities2022-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Assets. Invements in employer securities at end of year2022-12-31$45,754,765
Assets. Invements in employer securities at beginning of year2022-12-31$176,186,888
Assets. Value of employer real property at end of year2022-12-31$0
Assets. Value of employer real property at beginning of year2022-12-31$0
Contributions received in cash from employer2022-12-31$954,306
Employer contributions (assets) at end of year2022-12-31$0
Employer contributions (assets) at beginning of year2022-12-31$0
Income. Dividends from preferred stock2022-12-31$0
Income. Dividends from common stock2022-12-31$2,215,521
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$41,109,537
Asset. Corporate debt instrument preferred debt at end of year2022-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2022-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2022-12-31$0
Contract administrator fees2022-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2022-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2022-12-31$0
Liabilities. Value of benefit claims payable at end of year2022-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2022-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2022-12-31$0
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Aggregate proceeds on sale of assets2022-12-31$130,623,055
Aggregate carrying amount (costs) on sale of assets2022-12-31$123,094,110
Liabilities. Value of acquisition indebtedness at end of year2022-12-31$0
Liabilities. Value of acquisition indebtedness at beginning of year2022-12-31$161,171,346
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31MCSOLEY MCCOY & CO.
Accountancy firm EIN2022-12-31030327374
2021 : EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2021 401k financial data
Unrealized appreciation/depreciation of real estate assets2021-12-31$0
Unrealized appreciation/depreciation of other (non real estate) assets2021-12-31$47,560,591
Total unrealized appreciation/depreciation of assets2021-12-31$47,560,591
Total transfer of assets to this plan2021-12-31$0
Total transfer of assets from this plan2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$161,171,346
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$166,667,519
Expenses. Interest paid2021-12-31$13,333,402
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-1022021-12-31$13,333,402
Total income from all sources (including contributions)2021-12-31$70,869,415
Total loss/gain on sale of assets2021-12-31$1,487,589
Total of all expenses incurred2021-12-31$19,020,387
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$5,685,186
Expenses. Certain deemed distributions of participant loans2021-12-31$0
Value of total corrective distributions2021-12-31$0
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$14,572,535
Value of total assets at end of year2021-12-31$176,598,312
Value of total assets at beginning of year2021-12-31$130,245,457
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$1,799
Total income from rents2021-12-31$0
Total interest from all sources2021-12-31$3
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$7,240,574
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31Yes
Value of any plan assets that reverted to the employer resulting from resoluton to terminate the plan2021-12-31$0
Total dividends received from registered investment company shares (eg mutual funds)2021-12-31$0
Assets. Real estate other than employer real property at end of year2021-12-31$0
Assets. Real estate other than employer real property at beginning of year2021-12-31$0
Administrative expenses professional fees incurred2021-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year2021-12-31$0
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$50,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$0
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Participant contributions at end of year2021-12-31$0
Participant contributions at beginning of year2021-12-31$0
Assets. Other investments not covered elsewhere at end of year2021-12-31$0
Assets. Other investments not covered elsewhere at beginning of year2021-12-31$0
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$0
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at end of year2021-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2021-12-31$0
Assets. Loans (other than to participants) at end of year2021-12-31$0
Assets. Loans (other than to participants) at beginning of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2021-12-31$0
Other income not declared elsewhere2021-12-31$0
Administrative expenses (other) incurred2021-12-31$1,799
Liabilities. Value of operating payables at end of year2021-12-31$0
Liabilities. Value of operating payables at beginning of year2021-12-31$0
Total non interest bearing cash at end of year2021-12-31$0
Total non interest bearing cash at beginning of year2021-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Income. Non cash contributions2021-12-31$0
Value of net income/loss2021-12-31$51,849,028
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,426,966
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$-36,422,062
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Assets. partnership/joint venture interests at end of year2021-12-31$0
Assets. partnership/joint venture interests at beginning of year2021-12-31$0
Investment advisory and management fees2021-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$0
Value of interest in pooled separate accounts at end of year2021-12-31$0
Value of interest in pooled separate accounts at beginning of year2021-12-31$0
Interest on participant loans2021-12-31$0
Income. Interest from loans (other than to participants)2021-12-31$0
Interest earned on other investments2021-12-31$0
Income. Interest from US Government securities2021-12-31$0
Income. Interest from corporate debt instruments2021-12-31$0
Value of interest in master investment trust accounts at end of year2021-12-31$0
Value of interest in master investment trust accounts at beginning of year2021-12-31$0
Value of interest in common/collective trusts at end of year2021-12-31$411,092
Value of interest in common/collective trusts at beginning of year2021-12-31$260,561
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$332
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$338
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$338
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$3
Assets. Value of investments in 103.12 investment entities at end of year2021-12-31$0
Assets. Value of investments in 103.12 investment entities at beginning of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at end of year2021-12-31$0
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year2021-12-31$0
Expenses. Payments to insurance carriers foe the provision of benefits2021-12-31$0
Asset value of US Government securities at end of year2021-12-31$0
Asset value of US Government securities at beginning of year2021-12-31$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$0
Net investment gain/loss from pooled separate accounts2021-12-31$0
Net investment gain or loss from common/collective trusts2021-12-31$8,123
Net gain/loss from 103.12 investment entities2021-12-31$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Assets. Invements in employer securities at end of year2021-12-31$176,186,888
Assets. Invements in employer securities at beginning of year2021-12-31$129,984,558
Assets. Value of employer real property at end of year2021-12-31$0
Assets. Value of employer real property at beginning of year2021-12-31$0
Contributions received in cash from employer2021-12-31$14,572,535
Employer contributions (assets) at end of year2021-12-31$0
Employer contributions (assets) at beginning of year2021-12-31$0
Income. Dividends from preferred stock2021-12-31$0
Income. Dividends from common stock2021-12-31$7,240,574
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$5,685,186
Asset. Corporate debt instrument preferred debt at end of year2021-12-31$0
Asset. Corporate debt instrument preferred debt at beginning of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at end of year2021-12-31$0
Asset. Corporate debt instrument debt (other) at beginning of year2021-12-31$0
Contract administrator fees2021-12-31$0
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Assets. Corporate common stocks other than exployer securities at end of year2021-12-31$0
Assets. Corporate common stocks other than exployer securities at beginning of year2021-12-31$0
Liabilities. Value of benefit claims payable at end of year2021-12-31$0
Liabilities. Value of benefit claims payable at beginning of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at end of year2021-12-31$0
Assets. Value of buildings and other operty used in plan operation at beginning of year2021-12-31$0
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Aggregate proceeds on sale of assets2021-12-31$5,955,375
Aggregate carrying amount (costs) on sale of assets2021-12-31$4,467,786
Liabilities. Value of acquisition indebtedness at end of year2021-12-31$161,171,346
Liabilities. Value of acquisition indebtedness at beginning of year2021-12-31$166,667,519
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31MCSOLEY MCCOY & CO.
Accountancy firm EIN2021-12-31030327374

Form 5500 Responses for EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC.

2024: EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2024 form 5500 responses
2024-01-01Type of plan entitySingle employer plan
2024-01-01Submission has been amendedNo
2024-01-01This submission is the final filingYes
2024-01-01This return/report is a short plan year return/report (less than 12 months)Yes
2024-01-01Plan is a collectively bargained planNo
2024-01-01Plan funding arrangement – TrustYes
2024-01-01Plan benefit arrangement - TrustYes
2023: EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: EMPLOYEE STOCK OWNERSHIP PLAN OF PEOPLE'S UNITED FINANCIAL, INC. 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedYes
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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