401(k) · DOL Form 5500 · 2023

Medical Information Technology, Inc 401(k) Plan

Data updated 2026-08-25

$78M
Total assets Below avg plan size
3,470
Participants Above avg headcount
90th
Percentile by assets National rank
$22,552
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

$78M in assets, 3,470 participants

Medical Information Technology, Inc's Medical Information Technology, Inc. 401(k) Plan reported $78M in total assets and 3,470 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

  • #15,809 in Manufacturing (18,722 peers)

Coverage in Massachusetts

Medical Information Technology, Inc. 401(k) Plan covers 3,470 participants in Massachusetts, 5.3x the typical Massachusetts plan (state average ~659 per filing). Assets: $78M.

#15,809
in Manufacturing (18,722 peers)
+47.0%
assets growth YoY
0.8×
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 2023 · DOL Form 5500

$78,254,617 Top 10% higher than 90% of 127,068 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 2023

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

Plan-year 2023 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 (3,470 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Medical Information Technology, Inc. 401(k) Plan reported net income rose from $3M in the plan year 2022 filing to $25M in the plan year 2023 filing.
  • Medical Information Technology, Inc. 401(k) Plan end-of-year assets rose from $53M in the plan year 2022 filing to $78M in the plan year 2023 filing.
  • Medical Information Technology, Inc. 401(k) Plan reported participants rose from 3,241 in the plan year 2022 filing to 3,470 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 042455639 · Medical Information Technology, Inc PY 2023 · 401(k)

Medical Information Technology, Inc. 401(k) Plan · $78M · 3,470 · 90th

  • EIN $78M
  • EIN 3,470
  • EIN 90th
  • EIN 401(k)
  • EIN near Cardiology Associates of Mobile, Inc. 401(k) Profit Sharing Plan
  • EIN ind #15809

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

Buzzfeed Inc. 401(k) Plan$78MResource Innovations, Inc. 401(k) Retirement Savings PlanResource Innovations, Inc. 4…$78MTaboola and Connexity 401(k) PlanTaboola and Connexity 401(k)…$78MMedical Information Technology, Inc. 401(k) PlanMedical Information Technolo…$78MCardiology Associates of Mobile, Inc. 401(k) Profit Sharing PlanCardiology Associates of Mob…$78M
End-of-year total assets ($M) among Medical Information Technology, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$78M
Net Income$25M
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. 020000400006000080000 -10010203040 Total assets ($B) Participants Medical Information Technology, Inc. 401(k) Plan, Total assets ($B): 0.078254617 · Participants: 3470Medical Information Technology, Inc. 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) 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 Cardiology Associates of Mobile, Inc. 401(k) Profit Sharing Plan in AL ($78M); by covered participants it is Genesis Administrative Services 401(k) Plan #2 in PA (3,469 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,470 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Medical Information Technology, Inc. 401(k) Plan surged - up 47.0% during 2023, from $53M to $78M. Reported net income was $25M.
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 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% 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 Cardiology Associates of Mobile, Inc. 401(k) Profit Sharing Plan in AL ($78M, 271 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 Genesis Administrative Services 401(k) Plan #2 in PA (3,469 participants, $85M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.