Massachusetts Bankers Association Group Insurance Trust — Form 5500 plan (Massachusetts Bankers Association, Inc.)
Plain-English plan 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, Massachusetts Bankers Association Group Insurance Trust is a benefit plan reported by Massachusetts Bankers Association, Inc. under EIN 04-1589780 and plan number 501. The latest loaded filing year is 2023. The filing reports 9,982 participants and $5,054,551 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Massachusetts Bankers Association, Inc.
- EIN
- 04-1589780
- Plan number
- 501
- Plan type
- 3
- Location
- Boston, MA
- Latest filing year
- 2023
- Participants
- 9,982
- End-of-year plan assets
- $5,054,551
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 9,982 | H, C | 20240731072957NAL0014107683003 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $5,054,551
- Total liabilities (EOY)
- $71,880
- Net assets (EOY)
- $4,982,671
- Net assets (BOY)
- $5,013,584
Income & contributions
- Employer contributions
- $20,704
- Total contributions
- $20,704
- Total income / additions
- $169,616
Expenses & distributions
- Benefits paid
- $19,478
- Administrative expenses
- $181,051
- Total expenses
- $200,529
- Net increase / (decrease)
- -$30,913
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Mass Fin Services Ins Agency | NONE | $2,922 | $523,393 | 2023 |
| Smith & Downey | NONE | $67,573 | not reported in the loaded dataset | 2023 |
| Wolf & Company, P.C. | NONE | $19,350 | not reported in the loaded dataset | 2023 |
| Liberte Group LLC | NONE | $16,256 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Massachusetts Bankers Association, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Boston, MA
- Mass Fin Services Ins Agency — Schedule C compensation
- Smith & Downey — Schedule C compensation
- Wolf & Company, P.C. — Schedule C compensation
- Liberte Group LLC — Schedule C compensation