401(k) · DOL Form 5500 · 2023

Monarch Life Insurance Company 401(k) Plan

Data updated 2026-08-25

$40M
Total assets Below avg plan size
37
Participants Small participant base
83rd
Percentile by assets National rank
$1.1M
Avg per participant High balance/head
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Official DOL plan name: Monarch Life Insurance Company Savings Plan · Sponsored by Monarch Life Insurance Company · Massachusetts · Finance & Insurance

$40M in assets, 37 participants

Monarch Life Insurance Company's Monarch Life Insurance Company Savings Plan reported $40M in total assets and 37 participants in its 2023 DOL Form 5500 filing, ranking in the 83rd 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.

  • #6,554 in Finance & Insurance (8,869 peers)

Where Monarch Life Insurance Company Savings Plan sits by assets

Monarch Life Insurance Company Savings Plan sits in the top quartile of all filed plans by assets, $40M for 37 participants (~$1.1M/participant), up 7.3% in 2023.

#6,554
in Finance & Insurance (8,869 peers)
+7.3%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Monarch Life Insurance Company Savings Plan's outsized position by total assets

Monarch Life Insurance Company Savings Plan vs every filed plan by assets

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

$39,745,484 Top 17% higher than 83% 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

Monarch Life Insurance Company Savings Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Monarch Life Insurance Company Savings Plan is a small filing (37 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Monarch Life Insurance Company Savings Plan reported net income rose from -$8M in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Monarch Life Insurance Company Savings Plan end-of-year assets rose from $37M in the plan year 2022 filing to $40M in the plan year 2023 filing.
  • Monarch Life Insurance Company Savings Plan reported participants fell from 38 in the plan year 2022 filing to 37 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 041630650 · Monarch Life Insurance Company PY 2023 · 401(k)

Monarch Life Insurance Company Savings Plan · $40M · 37 · 83rd

  • TYPE $40M
  • TYPE 37
  • TYPE 83rd
  • TYPE 401(k)
  • TYPE near The Jackson Companies 401(k) Profit Sharing Plan
  • TYPE ind #6554

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 →

Monarch Life Insurance Company Savings Plan in the asset neighbourhood

Magotteaux, Inc. Asset Accumulation 401(k) Retirement PlanMagotteaux, Inc. Asset Accum…$40MMonarch Life Insurance Company Savings PlanMonarch Life Insurance Compa…$40MThe Jackson Companies 401(k) Profit Sharing PlanThe Jackson Companies 401(k)…$40MGrant Street Group, Inc. 401(k) PlanGrant Street Group, Inc. 401…$40MKunzler & Company, Inc. Profit Sharing PlanKunzler & Company, Inc. Prof…$40M
End-of-year total assets ($M) among Monarch Life Insurance Company Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$37M
Net Assets (End of Year)$40M
Net Income$3M
Employer EIN041630650
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Monarch Life Insurance Company)

Sponsor-wide plan assets over time

All Monarch Life Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$38M 3.5242273144708522% vs 2022
2024 filing year
$36M$37M$38M$39M$40M$41M 202220232024 $37M $38.3M ▲ +3.5%
Year Plans Participants Total Assets
2022 1 38 $37M
2023 1 37 $40M
2024 1 34 $38M

Nearby 401(k) Plans in Massachusetts

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

Monarch Life Insurance Company Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Monarch Life Insurance Company Savings Plan, Total assets ($B): 0.039745484 · Participants: 37Monarch Life Insurance Company Savings 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
Monarch Life Insurance Company Savings Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Monarch Life Insurance Company Savings Plan side-by-side with 3 peers →

Monarch Life Insurance Company Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is The Jackson Companies 401(k) Profit Sharing Plan in ID ($40M); by covered participants it is Carbon Health 401(k) Plan in CA (37 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (37 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 Monarch Life Insurance Company Savings Plan assets move in 2023? ▼
Monarch Life Insurance Company Savings Plan grew at a solid clip - up 7.3% during 2023, from $37M to $40M. Reported net income was $3M.
How have Monarch Life Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Monarch Life Insurance Company's sponsor-wide assets grew 3.5%, from $37M to $38M.
Where does Monarch Life Insurance Company Savings Plan rank by assets among Form 5500 filers? ▼
Monarch Life Insurance Company Savings Plan ranks in the 83rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Monarch Life Insurance Company Savings Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Jackson Companies 401(k) Profit Sharing Plan in ID ($40M, 4,224 participants).
Which 401(k) plans cover a similar participant headcount to Monarch Life Insurance Company Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Carbon Health 401(k) Plan in CA (37 participants, $4M 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 041630650.

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.