401(k) · DOL Form 5500 · 2022

Medical Professional Mutual Insurance Company 401(k) Plan

Data updated 2026-08-25

$149M
Total assets Near avg plan size
556
Participants Below avg headcount
95th
Percentile by assets National rank
$268,807
Avg per participant High balance/head
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Official DOL plan name: Coverys 401(k) Retirement Plan · Sponsored by Medical Professional Mutual Insurance Company · Massachusetts · Finance & Insurance

$149M in assets, 556 participants

Medical Professional Mutual Insurance Company's Coverys 401(k) Retirement Plan reported $149M in total assets and 556 participants in its 2022 DOL Form 5500 filing, ranking in the 95th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,423 in Finance & Insurance (9,261 peers)

Where Coverys 401(k) Retirement Plan sits by assets

Coverys 401(k) Retirement Plan sits in the top 5% of all filed plans by assets, $149M for 556 participants (~$268,807/participant), down 22.3% in 2022.

#8,423
in Finance & Insurance (9,261 peers)
-22.3%
assets change YoY
1.5×
vs typical plan assets (national mean)

The plan reported a net loss of $43M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Coverys 401(k) Retirement Plan's outsized position by total assets

Coverys 401(k) Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$149,456,793 Top 5% higher than 95% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Coverys 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Coverys 401(k) Retirement Plan sits mid-pack in the medium band (556 participants).

EBSA filing schedule strip

Filing strip 042595783 · Medical Professional Mutual Insurance Company PY 2022 · 401(k)

Coverys 401(k) Retirement Plan · $149M · 556 · 95th

  • EBSA $149M
  • PART 556
  • TYPE 95th
  • NET 401(k)
  • BOOK near Synergy55 LLC Profit Sharing and Savings Plan
  • VS-ST ind #8423

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Massachusetts →

Coverys 401(k) Retirement Plan in the asset neighbourhood

Suncor Energy 401(k) Savings PlanSuncor Energy 401(k) Savings…$149MW. W. Norton & Company, Inc. Profit Sharing & 401(k) PlanW. W. Norton & Company, Inc.…$149MCoverys 401(k) Retirement PlanCoverys 401(k) Retirement Pl…$149MSynergy55 LLC Profit Sharing and Savings PlanSynergy55 LLC Profit Sharing…$149MDonegal Mutual Insurance Company 401(k) PlanDonegal Mutual Insurance Com…$149M
End-of-year total assets ($M) among Coverys 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$192M
Net Assets (End of Year)$149M
Net Income-$43M
Employer EIN042595783
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Medical Professional Mutual Insurance Company)

Sponsor-wide plan assets over time

All Medical Professional Mutual Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$186M 24.758603645402722% vs 2022
2024 filing year
$140M$160M$180M$200M 202220232024 $149M $186M ▲ +24.8%
Year Plans Participants Total Assets
2022 1 556 $149M
2023 1 559 $179M
2024 1 575 $186M

Nearby 401(k) Plans in Massachusetts

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Coverys 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -100102030 Total assets ($B) Participants Coverys 401(k) Retirement Plan, Total assets ($B): 0.149456793 · Participants: 556Coverys 401(k) Retirement PlanFidelity Retirement Savings Plan, Total assets ($B): 22.953563448 · Participants: 52036Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 8.79802945 · Participants: 32843Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 5.810585521 · Participants: 13690Massachusetts Institute of Technology Supplemental 401(k) PlanPhilips North America 401(k) Plan, Total assets ($B): 5.180251859 · Participants: 19750Philips North America 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 4.853752256 · Participants: 18359Boston Scientific Corporation 401(k) Retirement Savings Plan
Coverys 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Coverys 401(k) Retirement Plan side-by-side with 3 peers →

Coverys 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Synergy55 LLC Profit Sharing and Savings Plan in IL ($149M); by covered participants it is The 401(k) Plan for Certain Hcsc Subsidiaries in PA (556 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (556 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Coverys 401(k) Retirement Plan assets move in 2022? ▼
Coverys 401(k) Retirement Plan declined sharply - down 22.3% during 2022, from $192M to $149M. Reported net income was -$43M.
How have Medical Professional Mutual Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Medical Professional Mutual Insurance Company's sponsor-wide assets grew 24.8%, from $149M to $186M.
Where does Coverys 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Coverys 401(k) Retirement Plan ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Coverys 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Synergy55 LLC Profit Sharing and Savings Plan in IL ($149M, 646 participants).
Which 401(k) plans cover a similar participant headcount to Coverys 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The 401(k) Plan for Certain Hcsc Subsidiaries in PA (556 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 042595783.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.