Retirement plan

MMMRP 401(K) PLAN

Name: MASSACHUSETTS MEDICAL MALPRACTICE REINSURANCE PLAN - MMMRP 401(K) PLAN (2023) Form 5500
Creator: MASSACHUSETTS MEDICAL MALPRACTICE REINSURANCE PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MMMRP 401(K) PLAN, MASSACHUSETTS MEDICAL MALPRACTICE REINSURANCE PLAN

MASSACHUSETTS MEDICAL MALPRACTICE REINSURANCE PLANEIN 04-3290451Plan #001PY 2023

106 SOUTHVILLE ROAD - SOUTHBOROUGH, MA 01772508-366-1140LinkedIn1-10 employeesinsurance

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$4.6M

+11.2% from 2022

Total participants

0.0% from 2022

Average account balance

$1,541,016

+11.2% from 2022

Annual return

9.22%

+20.25 pp from 2022

Benchmarks

See 36,165 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,165 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.82M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$2.9M

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$87K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$43K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,541,016

$185,883+729.0%

$170,043+806.2%

$139,466+1004.9%

Participation rate

100.0%

87.8%+12.2pp

87.0%+13.0pp

80.3%+19.7pp

Annual return

9.22%

60.54%-51.3pp

53.40%-44.2pp

373.66%-364.4pp

Employer contribution / active EE

$26,288

$7,596+246.1%

$6,790+287.2%

$4,754+453.0%

Participant deferral / active EE

$15,076

$11,626+29.7%

$10,410+44.8%

$6,712+124.6%

Admin fee / account holder

$15,393-100.0%

$12,824-100.0%

$11,409-100.0%

MMMRP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MMMRP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion