Defined Benefit (Pension) · DOL Form 5500 · 2023

Preferred Mutual Insurance Company Pension Plan

Data updated 2026-08-25

$49M
Total assets Below avg plan size
243
Participants Below avg headcount
85th
Percentile by assets National rank
$203,300
Avg per participant Above avg balance/head
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Official DOL plan name: Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan · Sponsored by Preferred Mutual Insurance Company · New York · Finance & Insurance

$49M in assets, 243 participants

Preferred Mutual Insurance Company's Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan reported $49M in total assets and 243 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #6,879 in Finance & Insurance (8,869 peers)

Coverage in New York

Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan covers 243 participants in New York, about 30% of the average New York filer (state average ~798 per filing). Assets: $49M.

#6,879
in Finance & Insurance (8,869 peers)
+10.0%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan's outsized position by total assets

Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan vs every filed plan by assets

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

$49,401,822 Top 15% higher than 85% 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 Retirement Benefit Accumulation 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 Retirement Benefit Accumulation Plan sits mid-pack in the medium band (243 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan reported net income rose from -$10M in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan end-of-year assets rose from $45M in the plan year 2022 filing to $49M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 150420080 · Preferred Mutual Insurance Company PY 2023 · Defined Benefit (Pension)

Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan · $49M · 243 · 85th

  • EOY $49M
  • 5500 243
  • ASSETS 85th
  • PCT Defined Benefit (Pension)
  • EIN near Sharp Rees-Stealy Medical Group, Inc. Cash Balance Pension Plan
  • RANK ind #6879

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 Retirement Benefit Accumulation Plan in the asset neighbourhood

Heat and Frost Insulators and Allied Workers Local 47 Retirment Trust FundHeat and Frost Insulators an…$49MEmployees' Pension Plan of Florida Public Utilities CompanyEmployees' Pension Plan of F…$49MSharp Rees-Stealy Medical Group, Inc. Cash Balance Pension PlanSharp Rees-Stealy Medical Gr…$49MPreferred Mutual Insurance Company Retirement Benefit Accumulation PlanPreferred Mutual Insurance C…$49MMahle Industries, Incorporated Retirement PlanMahle Industries, Incorporat…$49M
End-of-year total assets ($M) among Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$49M
Net Income$4M
Employer EIN150420080
Plan Effective Date1966-03-01
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 Defined Benefit (Pension) Plans in New York

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -100102030 Total assets ($B) Participants Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan, Total assets ($B): 0.049401822 · Participants: 243Preferred Mutual Insurance Company Retirement Benefit Accumulation PlanIBM Personal Pension Plan, Total assets ($B): 24.955758896 · Participants: 14881IBM Personal Pension PlanConsolidated Edison Retirement Plan, Total assets ($B): 16.184377155 · Participants: 10779Consolidated Edison Retirement Plan1199seiu Health Care Employees Pension Fund, Total assets ($B): 16.16620463 · Participants: 1075821199seiu Health Care Employees Pension FundPfizer Consolidated Pension Plan, Total assets ($B): 10.955262618 · Participants: 9616Pfizer Consolidated Pension PlanPepsico Employees Retirement Plan I, Total assets ($B): 7.599669 · Participants: 12289Pepsico Employees Retirement Plan I
Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan vs. nearby Defined Benefit (Pension) plans in New York, assets vs. participants
Compare Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan side-by-side with 3 peers →

Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside New York, the nearest Defined Benefit (Pension) by assets is Sharp Rees-Stealy Medical Group, Inc. Cash Balance Pension Plan in CA ($49M); by covered participants it is St Mary's Bank-Lacaisse Populaire Ste-Marie Cu Cash Balance Defined Benefit Retirement Pension Plan in NH (243 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (243 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 Retirement Benefit Accumulation Plan assets move in 2023? ▼
Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan grew at a solid clip - up 10.0% during 2023, from $45M to $49M. Reported net income was $4M.
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 Retirement Benefit Accumulation Plan rank by assets among Form 5500 filers? ▼
Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan ranks in the 85th 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 Defined Benefit (Pension) plans are similar in size to Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Sharp Rees-Stealy Medical Group, Inc. Cash Balance Pension Plan in CA ($49M, 262 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Preferred Mutual Insurance Company Retirement Benefit Accumulation Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is St Mary's Bank-Lacaisse Populaire Ste-Marie Cu Cash Balance Defined Benefit Retirement Pension Plan in NH (243 participants, $42M 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.