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  1. Companies/
  2. MEDICAL INFORMATION TECHNOLOGY, INC
Sponsor portfolio

MEDICAL INFORMATION TECHNOLOGY, INC

EIN 04-2455639-Manufacturing-Latest filing 2024
Plans
3
Retirement
2
$512.6M assets
Welfare
1
$906K premiums
Participants
6,788
7 BLUE HILL RIVER RD - CANTON, MA 02021781-821-3000
Plans on this EIN
3 filings
#001ProfitSharing-$409.5M - 3,182 part#005401k-$103.1M - 3,587 part#501Mixed-$906K - 0 lives

Retirement portfolio analytics

2 plans aggregated / $512.6M assets / 6,769 participants

Assets by plan

Share of aggregate retirement assets

80%top
  • PROFIT SHARING PLAN (#001)80%
  • TECHNOLOGY, INC. 401(K) (#005)20%
Total $512.6MClick slice to drill in

Participants by plan

Active + retired + deferred vested

  • TECHNOLOGY, INC. 401(K) (#005)3,587
  • PROFIT SHARING PLAN (#001)3,182
Total 6,769Click row to drill in

Benefits portfolio analytics

1 plan / $906K premiums / 0 covered lives

Coverage by line

Premium dollars by benefit type (bundled lines overlap)

  • Life$612K
  • Long-term disability$612K
  • Other$612K
  • Vision$294K
Total $906K4 rows

Carrier market share

Premium dollars by Schedule A carrier

Multi-vendor
55%top
  • UNUM LIFE INSURANCE COMPANY OF AMERICA55%
  • EYEMED VISION CARE32%
  • RELIANCE STANDARD LIFE INSURANCE COMPANY12%
Total $906K3 slices

Broker market share

Schedule A broker compensation

Single broker
100%top
  • LOCKTON COMPANIES, LLC100%
Total $93K1 slice

Plan deep-dives

Per-plan teasers. The full analytics (fees vs peers, audit grade, trajectory, counterparties) live on each plan detail page.
Retirement#001

MEDICAL INFORMATION TECHNOLOGY, INC. PROFIT SHARING PLAN

ProfitSharing

Assets$409.5M
Participants3,182
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Retirement#005

MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN

401k

Assets$103.1M
Participants3,587
Inside the deep dive
Fees vs peersAudit gradeAsset trajectoryContributionsSch C providers
Open plan deep dive
Welfare#501

MEDICAL INFORMATION TECHNOLOGY, INC WELFARE BENEFIT PLAN

Mixed - UNUM LIFE INSURANCE COMPANY OF AMERICA

Premiums$906K
Covered lives0
Inside the deep dive
Premium breakdownCarriersBrokersCoverage stats
Open plan deep dive

Retirement plans2

Plan #NameTypeAssetsParticipantsLatest year
001MEDICAL INFORMATION TECHNOLOGY, INC. PROFIT SHARING PLANProfitSharing$409.5M3,1822024
005MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN401k$103.1M3,5872024

Welfare plans1

Plan #NameFundingCarrierPremiumsCoveredLatest year
501MEDICAL INFORMATION TECHNOLOGY, INC WELFARE BENEFIT PLANMixedUNUM LIFE INSURANCE COMPANY OF AMERICA$906K02024
Retirement plans
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