401(k) · DOL Form 5500 · 2022

Medical Information Technology, Inc 401(k) Plan

Data updated 2026-08-25

$53M
Total assets Below avg plan size
3,241
Participants Above avg headcount
88th
Percentile by assets National rank
$16,420
Avg per participant Low balance/head
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Official DOL plan name: Medical Information Technology, Inc. 401(k) Plan · Sponsored by Medical Information Technology, Inc · Massachusetts · Manufacturing

$53M in assets, 3,241 participants

Medical Information Technology, Inc's Medical Information Technology, Inc. 401(k) Plan reported $53M in total assets and 3,241 participants in its 2022 DOL Form 5500 filing, ranking in the 88th 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.

  • #17,093 in Manufacturing (20,602 peers)

Coverage in Massachusetts

Medical Information Technology, Inc. 401(k) Plan covers 3,241 participants in Massachusetts, 4.9x the typical Massachusetts plan (state average ~659 per filing). Assets: $53M.

#17,093
in Manufacturing (20,602 peers)
+6.2%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Medical Information Technology, Inc. 401(k) Plan's outsized position by total assets

Medical Information Technology, Inc. 401(k) Plan vs every filed plan by assets

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

$53,217,045 Top 12% higher than 88% 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

Medical Information Technology, Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Medical Information Technology, Inc. 401(k) Plan lands in the large band (3,241 participants).

Form 5500 schedule snapshot

Filing strip 042455639 · Medical Information Technology, Inc PY 2022 · 401(k)

Medical Information Technology, Inc. 401(k) Plan · $53M · 3,241 · 88th

  • 5500 $53M
  • ASSETS 3,241
  • PCT 88th
  • EIN 401(k)
  • RANK near Rcm Technologies 401(k) Savings Plan
  • PHOTO ind #17093

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 Manufacturing retirement plans → · Plans in Massachusetts →

Medical Information Technology, Inc. 401(k) Plan in the asset neighbourhood

U. a. Local Nos. 343 & 355 Defined Contribution PlanU. a. Local Nos. 343 & 355 D…$53MLocal Initiatives Support Corporation 401(k) PlanLocal Initiatives Support Co…$53MMedical Information Technology, Inc. 401(k) PlanMedical Information Technolo…$53MRcm Technologies 401(k) Savings PlanRcm Technologies 401(k) Savi…$53MJrs USA 401(k) Plan$53M
End-of-year total assets ($M) among Medical Information Technology, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Massachusetts filing particulars

Total Assets (Beginning of Year)$50M
Net Assets (End of Year)$53M
Net Income$3M
Employer EIN042455639
Plan Effective Date2020-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Medical Information Technology, Inc)

Sponsor-wide plan assets over time

All Medical Information Technology, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$513M 9.682321072384875% vs 2022
2024 filing year
$460M$480M$500M$520M 202220232024 $467M $513M ▲ +9.7%
Year Plans Participants Total Assets
2022 2 6,350 $467M
2023 2 6,511 $483M
2024 2 6,639 $513M

Nearby 401(k) Plans in Massachusetts

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

Medical Information Technology, Inc. 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 0200004000060000 -100102030 Total assets ($B) Participants Medical Information Technology, Inc. 401(k) Plan, Total assets ($B): 0.053217045 · Participants: 3241Medical Information Technology, Inc. 401(k) 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
Medical Information Technology, Inc. 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Medical Information Technology, Inc. 401(k) Plan side-by-side with 3 peers →

Medical Information Technology, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Rcm Technologies 401(k) Savings Plan in NJ ($53M); by covered participants it is Essity North America Investment and Retirement Plan in PA (3,241 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($53M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,241 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 Medical Information Technology, Inc. 401(k) Plan assets move in 2022? ▼
Medical Information Technology, Inc. 401(k) Plan grew at a solid clip - up 6.2% during 2022, from $50M to $53M. Reported net income was $3M.
How have Medical Information Technology, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Medical Information Technology, Inc's sponsor-wide assets grew 9.7%, from $467M to $513M.
Where does Medical Information Technology, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Medical Information Technology, Inc. 401(k) Plan ranks in the 88th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Medical Information Technology, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Rcm Technologies 401(k) Savings Plan in NJ ($53M, 2,976 participants).
Which 401(k) plans cover a similar participant headcount to Medical Information Technology, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Essity North America Investment and Retirement Plan in PA (3,241 participants, $801M 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 042455639.

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.