Massachusetts Institute Of Technology Retiree Welfare Benefit Plan — Form 5500 plan (Massachusetts Institute Of Technology)
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 Institute Of Technology Retiree Welfare Benefit Plan is a benefit plan reported by Massachusetts Institute Of Technology under EIN 04-2103594 and plan number 507. The latest loaded filing year is 2023. The filing reports 7,237 participants and $1,010,214,203 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Massachusetts Institute Of Technology
- EIN
- 04-2103594
- Plan number
- 507
- Plan type
- 2
- Location
- Cambridge, MA
- Latest filing year
- 2023
- Participants
- 7,237
- End-of-year plan assets
- $1,010,214,203
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 7,237 | H, C | 20250402093834NAL0009598929001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,010,214,203
- Total liabilities (EOY)
- $24,735,144
- Net assets (EOY)
- $985,479,059
- Net assets (BOY)
- $914,749,282
Income & contributions
- Participant contributions
- $12,385,406
- Total contributions
- $25,358,144
- Total income / additions
- $125,713,293
Expenses & distributions
- Benefits paid
- $49,113,522
- Administrative expenses
- $5,869,994
- Total expenses
- $54,983,516
- Net increase / (decrease)
- $70,729,777
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Blue Cross Blue Shield Of Mass | MEDICAL CLAIMS PROCESSING | $1,253,874 | not reported in the loaded dataset | 2023 |
| Express Scripts, Inc | CLAIMS PROCESSING RX CLMS | $621,300 | not reported in the loaded dataset | 2023 |
| State Street Bank | CUSTODIAN | $405,178 | not reported in the loaded dataset | 2023 |
| Pricewaterhousecoopers | AUDITOR AND TAX PREPARER | $98,165 | not reported in the loaded dataset | 2023 |
| Hedgeserv Cayman Ltd | INVESTMENT ACCOUNTING | $90,134 | not reported in the loaded dataset | 2023 |
| Northeast Retirement Services | INVESTMENT ACCOUNTING | $70,963 | not reported in the loaded dataset | 2023 |
| Kpmg | TAX PREPARER | $54,415 | not reported in the loaded dataset | 2023 |
| Ernst & Young | TAX PREPARER | $47,955 | not reported in the loaded dataset | 2023 |
| K1x, Inc | FINANCIAL SERVICES | $7,919 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Massachusetts Institute Of Technology
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Cambridge, MA
- Blue Cross Blue Shield Of Mass — Schedule C compensation
- Express Scripts, Inc — Schedule C compensation
- State Street Bank — Schedule C compensation
- Pricewaterhousecoopers — Schedule C compensation
- Hedgeserv Cayman Ltd — Schedule C compensation
- Northeast Retirement Services — Schedule C compensation
- Kpmg — Schedule C compensation
- Ernst & Young — Schedule C compensation
- K1x, Inc — Schedule C compensation