Coverys 401(K) Retirement Plan — Form 5500 plan (Medical Professional Mutual Insurance Company)
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, Coverys 401(K) Retirement Plan is a benefit plan reported by Medical Professional Mutual Insurance Company under EIN 04-2595783 and plan number 002. The latest loaded filing year is 2023. The filing reports 756 participants and $179,450,431 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Medical Professional Mutual Insurance Company
- EIN
- 04-2595783
- Plan number
- 002
- Plan type
- 2
- Location
- Boston, MA
- Latest filing year
- 2023
- Participants
- 756
- End-of-year plan assets
- $179,450,431
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 756 | H, C | 20241008144037NAL0009789987001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $179,450,431
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $179,450,431
- Net assets (BOY)
- $149,456,793
Income & contributions
- Employer contributions
- $5,996,597
- Participant contributions
- $7,123,989
- Total contributions
- $14,474,937
- Total income / additions
- $45,443,617
Expenses & distributions
- Benefits paid
- $16,871,361
- Administrative expenses
- $261,899
- Total expenses
- $17,133,260
- Net increase / (decrease)
- $28,310,357
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capfinancial Partners LLC | ADVISOR | $115,554 | not reported in the loaded dataset | 2023 |
| Fidelity Investments Institutional | RECORDKEEPER | $76,324 | $0 | 2023 |
| Strategic Advisors, Inc. | ADVISOR | $39,490 | not reported in the loaded dataset | 2023 |
| Plante Moran | ACCOUNTANT/AUDITOR | $20,700 | not reported in the loaded dataset | 2023 |
| Lpl Financial LLC | ADVISOR | $9,831 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Medical Professional Mutual Insurance Company
- 2023 Form 5500 filing
- Form 5500 filings in MA
- 401(k) and benefit plan filings in Boston, MA
- Capfinancial Partners LLC — Schedule C compensation
- Fidelity Investments Institutional — Schedule C compensation
- Strategic Advisors, Inc. — Schedule C compensation
- Plante Moran — Schedule C compensation
- Lpl Financial LLC — Schedule C compensation