401(k) · DOL Form 5500 · 2023

Amica Mutual Insurance Company 401(k) Plan

Data updated 2026-08-11

$877M
Total assets
3,456
Participants
98th
Percentile by assets
$253,789
Avg per participant
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Official DOL plan name: Amica 401(k) Retirement Savings Plan · Sponsored by Amica Mutual Insurance Company · Rhode Island · Finance & Insurance

$877M in assets, 3,456 participants

Amica Mutual Insurance Company's Amica 401(k) Retirement Savings Plan reported $877M in total assets and 3,456 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 127,072 plans)
  • #8,618 in Finance & Insurance (8,869 peers)

Coverage in Rhode Island

Amica 401(k) Retirement Savings Plan covers 3,456 participants in Rhode Island, 2.4x the typical Rhode Island plan (state average ~1,449 per filing). Assets: $877M.

$877M
total plan assets (2023 EOY)
3,456
covered participants
98th
percentile by assets (of 127,072 plans)
$253,789
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Amica 401(k) Retirement Savings Plan reported net income rose from -$158M in the plan year 2022 filing to $124M in the plan year 2023 filing.
  • Amica 401(k) Retirement Savings Plan end-of-year assets rose from $753M in the plan year 2022 filing to $877M in the plan year 2023 filing.
  • Amica 401(k) Retirement Savings Plan reported participants rose from 3,416 in the plan year 2022 filing to 3,456 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Participants vs Rhode Island filers

In Rhode Island, the average filing covers about 1,449 participants across 434 plans. Amica 401(k) Retirement Savings Plan reports 3,456 participants - 2.4x that state average ($877M EOY assets).

Rhode Island filing particulars

Total Assets (Beginning of Year)$753M
Net Assets (End of Year)$877M
Net Income$124M
Employer EIN050348344
Plan Effective Date1980-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Amica Mutual Insurance Company)

$2.4B$2.5B$2.6B$2.7B 202220232024 $2.48B $2.65B ▲ +6.9%
Total plan assets by year, all Amica Mutual Insurance Company plans on file
Year Plans Participants Total Assets
2022 2 6,166 $2.5B
2023 2 5,794 $2.6B
2024 2 5,700 $2.7B

Nearby 401(k) Plans in Rhode Island

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

Amica 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants

Amica 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -100102030 Total assets ($B) Participants Amica 401(k) Retirem…CVS Health Future Fu…Textron Savings PlanCfg Retirement Savin…Unfi 401(k) PlanFm Global 401(k) Sav…
Amica 401(k) Retirement Savings Plan vs. nearby 401(k) plans in Rhode Island, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Amica 401(k) Retirement Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Amica 401(k) Retirement Savings Plan assets move in 2023?
Amica 401(k) Retirement Savings Plan grew sharply - up 16.5% during 2023, from $753M to $877M. Reported net income was $124M.
How have Amica Mutual Insurance Company plan assets changed over time?
Across 3 plan years on file (2022-2024), Amica Mutual Insurance Company's sponsor-wide assets grew 7.0%, from $2.5B to $2.7B.
Where does Amica 401(k) Retirement Savings Plan rank by assets among Form 5500 filers?
Amica 401(k) Retirement Savings Plan ranks in the 98th 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 401(k) plans are similar in size to Amica 401(k) Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is IBEW Local Union No. 126 Retirement Plan in PA ($877M, 3,465 participants).

Next read for Amica 401(k) Retirement Savings Plan

Filing takeaways

Ways to act on Amica 401(k) Retirement Savings Plan's numbers.