Profit Sharing · DOL Form 5500 · 2023

Medical Information Technology, Inc Profit Sharing Plan

Data updated 2026-08-25

$405M
Total assets Above avg plan size
3,041
Participants Above avg headcount
97th
Percentile by assets National rank
$133,076
Avg per participant Near avg balance/head
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Official DOL plan name: Medical Information Technology, Inc. Profit Sharing Plan · Sponsored by Medical Information Technology, Inc · Massachusetts · Manufacturing

$405M in assets, 3,041 participants

Medical Information Technology, Inc's Medical Information Technology, Inc. Profit Sharing Plan reported $405M in total assets and 3,041 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #17,801 in Manufacturing (18,722 peers)

Coverage in Massachusetts

Medical Information Technology, Inc. Profit Sharing Plan covers 3,041 participants in Massachusetts, 4.6x the typical Massachusetts plan (state average ~659 per filing). Assets: $405M.

#17,801
in Manufacturing (18,722 peers)
-2.3%
assets change YoY
4.1×
vs typical plan assets (national mean)

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Medical Information Technology, Inc. Profit Sharing Plan's outsized position by total assets

Medical Information Technology, Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$404,684,699 Top 3% higher than 97% 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. Profit Sharing 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. Profit Sharing Plan lands in the large band (3,041 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Medical Information Technology, Inc. Profit Sharing Plan reported net income rose from -$16M in the plan year 2022 filing to -$9M in the plan year 2023 filing.
  • Medical Information Technology, Inc. Profit Sharing Plan end-of-year assets fell from $414M in the plan year 2022 filing to $405M in the plan year 2023 filing.
  • Medical Information Technology, Inc. Profit Sharing Plan reported participants fell from 3,109 in the plan year 2022 filing to 3,041 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 042455639 · Medical Information Technology, Inc PY 2023 · Profit Sharing

Medical Information Technology, Inc. Profit Sharing Plan · $405M · 3,041 · 97th

  • SCH $405M
  • SCH 3,041
  • SCH 97th
  • SCH Profit Sharing
  • SCH near Ohio Carpenters' Annuity Plan
  • SCH ind #17801

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. Profit Sharing Plan in the asset neighbourhood

Pennsylvania Association of Independent Colleges and Universities Multiple Employer PlanPennsylvania Association of …$413MOhio Carpenters' Annuity Plan$410MMedical Information Technology, Inc. Profit Sharing PlanMedical Information Technolo…$405MPlumbers' Retirement Savings Fund, Local 130, U.a.Plumbers' Retirement Savings…$398MPlumbers' & Pipefitters' Local 562 Supplemental Pension Plan & TrustPlumbers' & Pipefitters' Loc…$397M
End-of-year total assets ($M) among Medical Information Technology, Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$414M
Net Assets (End of Year)$405M
Net Income-$9M
Employer EIN042455639
Plan Effective Date1973-01-01
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 Profit Sharing Plans in Massachusetts

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Medical Information Technology, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Medical Information Technology, Inc. Profit Sharing Plan, Total assets ($B): 0.404684699 · Participants: 3041Medical Information Technology, Inc. Profit Sharing PlanConsolidated 403(b) Program of Mass General Brigham and Member Organizations, Total assets ($B): 14.924829262 · Participants: 74212Consolidated 403(b) Program of Mass General Brigham and Member OrganizationsDemoulas (Restated) Profit Sharing Plan & Trust, Total assets ($B): 1.003886994 · Participants: 12622Demoulas (Restated) Profit Sharing Plan & TrustDana-Farber Cancer Institute Retirement Plan, Total assets ($B): 0.788456235 · Participants: 4630Dana-Farber Cancer Institute Retirement PlanThe Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund, Total assets ($B): 0.679151027 · Participants: 6360The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement FundSheet Metal Workers Local 17 Annuity Income Fund, Total assets ($B): 0.616742666 · Participants: 2868Sheet Metal Workers Local 17 Annuity Income Fund
Medical Information Technology, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants
Compare Medical Information Technology, Inc. Profit Sharing Plan side-by-side with 3 peers →

Medical Information Technology, Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Massachusetts, the nearest Profit Sharing by assets is Ohio Carpenters' Annuity Plan in MI ($410M); by covered participants it is Southern Ohio Medical Center Retirement Savings Program in OH (3,054 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,041 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. Profit Sharing Plan assets move in 2023? ▼
Medical Information Technology, Inc. Profit Sharing Plan edged down modestly - down 2.3% during 2023, from $414M to $405M. Reported net income was -$9M.
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. Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Medical Information Technology, Inc. Profit Sharing Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Medical Information Technology, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Ohio Carpenters' Annuity Plan in MI ($410M, 9,314 participants).
Which Profit Sharing plans cover a similar participant headcount to Medical Information Technology, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Southern Ohio Medical Center Retirement Savings Program in OH (3,054 participants, $155M 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.