PEOPLES BANCORP INC 401(k): Empower, match 6% max
Peoples Bancorp Inc. Retirement Savings Plan · PEBO · CIK 318300
Empower is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
6%
PEOPLES BANCORP INC matches 100% (dollar-for-dollar) of the first 6% of pay.
From the Form 11-K filed June 30, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What PEOPLES BANCORP puts in, and what the plan costs
What PEOPLES BANCORP put into the plan, per active participant
$4,297
PEOPLES BANCORP INC put $4,297 into this plan for each of its 1,449 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
PEOPLES BANCORP put in more per active participant than 64% of plans with 1,000–4,999 participants at banks and lenders. The middle plan in that group of 245 reported $3,422. Banks and lenders comes from business code 522110, which PEOPLES BANCORP entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much PEOPLES BANCORP pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 310987416, plan 002 · DOL EFAST2 ↗
The $4,297 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. PEOPLES BANCORP INC also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,970 a year at a $49,500 salary. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What PEOPLES BANCORP puts in
$2,970
a year, at a $49,500 salary.
The match paragraph, word for word
“Effective January 1, 2021, Peoples made matching contributions equal to 100% of the participating employees' salary deferral up to 6% of the participating employees' compensation.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately vested in their voluntary contributions as well as Peoples' matching and profit sharing contributions plus or minus earnings and losses thereon.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
65th percentile
$108.93 per participant in plan-paid administrative cost, more expensive than 65% of plans with 1,000–4,999 participants.
What is PEOPLES BANCORP's 401(k) match formula?
PEOPLES BANCORP's 401(k) employer match tops out at 6% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 6% of pay |
|---|---|
| Maximum employer match | 6% of compensation |
| Paid in company stock | No, paid in cash or per your investment elections |
| Current formula effective | January 1, 2021 |
At a $45,000 salary, contributing 6% ($2,700) earns the full employer match of $2,700 for the year.
What the filing says, word for word
“Effective January 1, 2021, Peoples made matching contributions equal to 100% of the participating employees' salary deferral up to 6% of the participating employees' compensation.”
Source: Form 11-K filed June 30, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is PEOPLES BANCORP's 401(k) vesting schedule?
PEOPLES BANCORP vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
Vesting, word for word
“Participants are immediately vested in their voluntary contributions as well as Peoples' matching and profit sharing contributions plus or minus earnings and losses thereon.”
Source: Form 11-K filed June 30, 2026, SEC EDGAR · SEC ↗
Who can join PEOPLES BANCORP's 401(k), and is enrollment automatic?
PEOPLES BANCORP enrolls new hires automatically at 6% of pay.
| Plan entry | The Plan is a defined contribution plan sponsored by Peoples Bancorp Inc. for the benefit of eligible employees age 18 or older of Peoples and its subsidiaries, including Peoples Bank. |
|---|---|
| Automatic enrollment | Yes: default deferral 6% of pay |
Eligibility, word for word
“The Plan is a defined contribution plan sponsored by Peoples Bancorp Inc. (“Peoples”) for the benefit of eligible employees age 18 or older of Peoples and its subsidiaries, including Peoples Bank.”
Automatic enrollment, word for word
“The Plan also includes an automatic deferral feature whereby a participant is treated as electing to defer a certain percentage of eligible compensation unless the participant made an affirmative election otherwise. In 2025 and 2024, the automatic deferral was 6% of compensation.”
Source: Form 11-K filed June 30, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Empower, filed as “EMPOWER ANNUITY INSURANCE COMPANY O”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
7,876 plans on file name Empower as their recordkeeper. Of those, the 7,813 with a computable fee have a median plan-paid cost of $165.72 per participant.
Participants log in at Empower ↗. 401(k) Monitor is not affiliated with Empower or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Empower |
|---|---|
| Recordkeeper address | 8515 East Orchard Road, Greenwood Village, CO 80111 |
What does the PEOPLES BANCORP plan report on Form 5500?
The PEOPLES BANCORP plan reported $130.2M in assets and 2,166 participants for plan year 2024.
| Total plan assets | $130,171,528 |
|---|---|
| Participants | 2,166 |
| Plan-paid admin cost per participant | $108.93 |
How that cost compares
This plan pays $108.93 per participant. The median across plans at banks and lenders is $152.83, from the 2,143 of 2,264 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Peoples Bancorp Inc. Retirement Savings Plan, which has no page of its own here.
How does PEOPLES BANCORP's 401(k) match compare?
PEOPLES BANCORP INC's maximum 401(k) match of 6% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file at banks and lenders, two report the same recordkeeper and one vests on the same schedule.
Maximum match 6% of pay. Also at banks and lenders.
Maximum match 6% of pay. Also at banks and lenders.
Maximum match 6% of pay. Also at banks and lenders.
Maximum match 6% of pay. Same recordkeeper, Empower.
Maximum match 6% of pay. Same recordkeeper, Empower.
Maximum match 4% of pay. Vests immediately too, like PEOPLES BANCORP.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 30, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is PEOPLES BANCORP INC's 401(k) match?
Peoples Bancorp Inc. matches 100% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the PEOPLES BANCORP INC 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does PEOPLES BANCORP INC's 401(k) plan have automatic enrollment?
Yes: default deferral 6% of pay.
Who is the recordkeeper for PEOPLES BANCORP INC's 401(k)?
Empower is named as the recordkeeper on the Form 5500 filed for Peoples Bancorp Inc. Retirement Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that PEOPLES BANCORP INC filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | PEOPLES BANCORP INC |
| SEC CIK | 318300 |
| Accession number | 0000318300-26-000163 |
| Plan | Peoples Bancorp Inc. Retirement Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 30, 2026 |
401(k) Monitor is not affiliated with PEOPLES BANCORP INC, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “PEOPLES BANCORP INC 401(k) plan facts”, from SEC Form 11-K accession 0000318300-26-000163, plan year ended December 31, 2025.
