2023 Form 5500 filing — Massmutual Employee Welfare Benefits Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240920103841NAL0007654849001) for Massmutual Employee Welfare Benefits Plan, reported by Massachusetts Mutual Life Insurance Company under EIN 04-1590850 and plan number 503. It reports 7,877 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240920103841NAL0007654849001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Massachusetts Mutual Life Insurance Company
- EIN
- 04-1590850
- Plan number
- 503
- Location
- Springfield, MA
- Participants
- 7,877
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $5,851,939
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $5,851,939
- Employer contributions
- $94,165,373
- Participant contributions
- $26,825,253
- Total income / additions
- $121,167,877
- Benefits paid
- $117,191,328
- Administrative expenses
- $7,322,477
- Total expenses
- $124,513,805
- Net increase / (decrease)
- -$3,345,928
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Cigna Health And Life Insurance Co. | THIRD PARTY ADMIN | $5,554,755 | $0 |
| Express Scripts, Inc | THIRD PARTY ADMIN | $1,099,156 | not reported in the loaded dataset |
| Consumer Medical | THIRD PARTY ADMIN | $464,517 | not reported in the loaded dataset |
| Lincoln National Life Insurance Com | THIRD PARTY ADMIN | $312,328 | not reported in the loaded dataset |
| Wageworks, Inc. | THIRD PARTY ADMIN | $44,702 | not reported in the loaded dataset |
| Evernorth Behavioral Health Inc | PLAN ADMINISTRATOR | $15,940 | not reported in the loaded dataset |