401(k) · DOL Form 5500 · 2023

Microfinancial, Incorporated 401(k) Plan

Data updated 2026-08-25

$13M
Total assets Small plan by assets
266
Participants Below avg headcount
64th
Percentile by assets National rank
$48,022
Avg per participant Low balance/head
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Official DOL plan name: Microfinancial, Incorporated 401(k) Profit Sharing Plan · Sponsored by Microfinancial, Incorporated · Massachusetts · Real Estate

$13M in assets, 266 participants

Microfinancial, Incorporated's Microfinancial, Incorporated 401(k) Profit Sharing Plan reported $13M in total assets and 266 participants in its 2023 DOL Form 5500 filing, ranking in the 64th 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.

  • #3,796 in Real Estate (4,727 peers)

Coverage in Massachusetts

Microfinancial, Incorporated 401(k) Profit Sharing Plan covers 266 participants in Massachusetts, about 40% of the average Massachusetts filer (state average ~659 per filing). Assets: $13M.

#3,796
in Real Estate (4,727 peers)
+24.7%
assets growth YoY

Microfinancial, Incorporated 401(k) Profit Sharing Plan's mid-pack asset rank among Real Estate and all filers

Microfinancial, Incorporated 401(k) Profit Sharing Plan vs every filed plan by assets

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

$12,773,981 Top 36% higher than 64% 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

Microfinancial, Incorporated 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Microfinancial, Incorporated 401(k) Profit Sharing Plan sits mid-pack in the medium band (266 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Microfinancial, Incorporated 401(k) Profit Sharing Plan reported net income rose from -$586K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Microfinancial, Incorporated 401(k) Profit Sharing Plan end-of-year assets rose from $10M in the plan year 2022 filing to $13M in the plan year 2023 filing.
  • Microfinancial, Incorporated 401(k) Profit Sharing Plan reported participants rose from 218 in the plan year 2022 filing to 266 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 042962824 · Microfinancial, Incorporated PY 2023 · 401(k)

Microfinancial, Incorporated 401(k) Profit Sharing Plan · $13M · 266 · 64th

  • SCH $13M
  • SCH 266
  • SCH 64th
  • SCH 401(k)
  • SCH near Vacation Innovations, LLC 401(k) Plan
  • SCH ind #3796

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 Real Estate retirement plans → · Plans in Massachusetts →

Microfinancial, Incorporated 401(k) Profit Sharing Plan in the asset neighbourhood

Gibson Overseas, Inc 401(k) PlanGibson Overseas, Inc 401(k) …$13MTotal Fire Protection, Inc. 401(k) Retirement PlanTotal Fire Protection, Inc. …$13MMicrofinancial, Incorporated 401(k) Profit Sharing PlanMicrofinancial, Incorporated…$13MVacation Innovations, LLC 401(k) PlanVacation Innovations, LLC 40…$13MSmartrent.Com, Inc. 401(k) PlanSmartrent.Com, Inc. 401(k) P…$13M
End-of-year total assets ($M) among Microfinancial, Incorporated 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$13M
Net Income$2M
Employer EIN042962824
Plan Effective Date1998-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Microfinancial, Incorporated)

Sponsor-wide plan assets over time

All Microfinancial, Incorporated plans reported in each filing year

Latest sponsor-wide plan assets
$12M 14.874587147250578% vs 2022
2024 filing year
$9M$10M$11M$12M$13M$14M 202220232024 $10.3M $11.8M ▲ +14.8%
Year Plans Participants Total Assets
2022 1 218 $10M
2023 1 266 $13M
2024 1 215 $12M

Nearby 401(k) Plans in Massachusetts

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

Microfinancial, Incorporated 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Microfinancial, Incorporated 401(k) Profit Sharing Plan, Total assets ($B): 0.012773981 · Participants: 266Microfinancial, Incorporated 401(k) Profit Sharing 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
Microfinancial, Incorporated 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Microfinancial, Incorporated 401(k) Profit Sharing Plan side-by-side with 3 peers →

Microfinancial, Incorporated 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Vacation Innovations, LLC 401(k) Plan in FL ($13M); by covered participants it is First Heritage Credit, LLC 401(k) Profit Sharing Plan in MS (266 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($13M here).

Similar participant headcount

Nearest other-state filings by covered participants (266 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 Microfinancial, Incorporated 401(k) Profit Sharing Plan assets move in 2023? ▼
Microfinancial, Incorporated 401(k) Profit Sharing Plan grew sharply - up 24.7% during 2023, from $10M to $13M. Reported net income was $2M.
How have Microfinancial, Incorporated plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Microfinancial, Incorporated's sponsor-wide assets grew 14.9%, from $10M to $12M.
Which 401(k) plans are similar in size to Microfinancial, Incorporated 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Vacation Innovations, LLC 401(k) Plan in FL ($13M, 227 participants).
Which 401(k) plans cover a similar participant headcount to Microfinancial, Incorporated 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is First Heritage Credit, LLC 401(k) Profit Sharing Plan in MS (266 participants, N/A 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 042962824.

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.