401(k) · DOL Form 5500 · 2023

Preferred Mutual Insurance Company 401(k) Plan

Data updated 2026-08-25

$44M
Total assets Below avg plan size
294
Participants Below avg headcount
84th
Percentile by assets National rank
$150,873
Avg per participant Above avg balance/head
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Official DOL plan name: Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan · Sponsored by Preferred Mutual Insurance Company · New York · Finance & Insurance

$44M in assets, 294 participants

Preferred Mutual Insurance Company's Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan reported $44M in total assets and 294 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #6,729 in Finance & Insurance (8,869 peers)

Coverage in New York

Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan covers 294 participants in New York, about 37% of the average New York filer (state average ~798 per filing). Assets: $44M.

#6,729
in Finance & Insurance (8,869 peers)
+12.9%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan's outsized position by total assets

Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan vs every filed plan by assets

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

$44,356,622 Top 16% higher than 84% 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

Preferred Mutual Insurance Company Employees' Cash and Deferred Savings 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. Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan sits mid-pack in the medium band (294 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan reported net income rose from -$10M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan end-of-year assets rose from $39M in the plan year 2022 filing to $44M in the plan year 2023 filing.
  • Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan reported participants rose from 287 in the plan year 2022 filing to 294 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 150420080 · Preferred Mutual Insurance Company PY 2023 · 401(k)

Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan · $44M · 294 · 84th

  • NET $44M
  • BOOK 294
  • VS-ST 84th
  • BOY 401(k)
  • SCH near Nikola Corporation 401(k) Profit Sharing Plan and Trust
  • EBSA ind #6729

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 New York →

Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan in the asset neighbourhood

Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing PlanPreferred Mutual Insurance C…$44MNikola Corporation 401(k) Profit Sharing Plan and TrustNikola Corporation 401(k) Pr…$44MHitachi Zosen Group 401(k) PlanHitachi Zosen Group 401(k) P…$44MMorrie's 401(k) Plan$44MColinx Retirement Savings PlanColinx Retirement Savings Pl…$44M
End-of-year total assets ($M) among Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$39M
Net Assets (End of Year)$44M
Net Income$5M
Employer EIN150420080
Plan Effective Date1985-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Preferred Mutual Insurance Company)

Sponsor-wide plan assets over time

All Preferred Mutual Insurance Company plans reported in each filing year

Latest sponsor-wide plan assets
$99M 16.985815067616265% vs 2022
2024 filing year
$80M$85M$90M$95M$100M 202220232024 $84.2M $98.5M ▲ +17.0%
Year Plans Participants Total Assets
2022 2 532 $84M
2023 2 537 $94M
2024 2 525 $99M

Nearby 401(k) Plans in New York

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

Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan, Total assets ($B): 0.044356622 · Participants: 294Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan side-by-side with 3 peers →

Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Nikola Corporation 401(k) Profit Sharing Plan and Trust in AZ ($44M); by covered participants it is University Cancer & Blood Center, LLC in GA (294 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($44M here).

Similar participant headcount

Nearest other-state filings by covered participants (294 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 Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan assets move in 2023? ▼
Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan grew at a solid clip - up 12.9% during 2023, from $39M to $44M. Reported net income was $5M.
How have Preferred Mutual Insurance Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Preferred Mutual Insurance Company's sponsor-wide assets grew 17.0%, from $84M to $99M.
Where does Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan ranks in the 84th 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 Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nikola Corporation 401(k) Profit Sharing Plan and Trust in AZ ($44M, 1,520 participants).
Which 401(k) plans cover a similar participant headcount to Preferred Mutual Insurance Company Employees' Cash and Deferred Savings Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is University Cancer & Blood Center, LLC in GA (294 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 150420080.

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.