401(k) · DOL Form 5500 · 2023

Massachusetts Financial Sevices Company 401(k) Plan

Data updated 2026-08-25

$510M
Total assets Above avg plan size
1,664
Participants Near avg headcount
97th
Percentile by assets National rank
$306,496
Avg per participant High balance/head
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Official DOL plan name: Mfsaving Retirement Plan · Sponsored by Massachusetts Financial Sevices Company · Massachusetts · Finance & Insurance

$510M in assets, 1,664 participants

Massachusetts Financial Sevices Company's Mfsaving Retirement Plan reported $510M in total assets and 1,664 participants in its 2023 DOL Form 5500 filing, ranking in the 97th 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.

  • #8,472 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Mfsaving Retirement Plan covers 1,664 participants in Massachusetts, 2.5x the typical Massachusetts plan (state average ~659 per filing). Assets: $510M.

#8,472
in Finance & Insurance (8,869 peers)
+15.4%
assets growth YoY
5.1×
vs typical plan assets (national mean)

Mfsaving Retirement Plan's outsized position by total assets

Mfsaving Retirement Plan vs every filed plan by assets

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

$510,009,231 Top 3% higher than 97% 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

Mfsaving Retirement Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mfsaving Retirement Plan lands in the large band (1,664 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Mfsaving Retirement Plan reported net income rose from -$83M in the plan year 2022 filing to $68M in the plan year 2023 filing.
  • Mfsaving Retirement Plan end-of-year assets rose from $442M in the plan year 2022 filing to $510M in the plan year 2023 filing.
  • Mfsaving Retirement Plan reported participants rose from 1,616 in the plan year 2022 filing to 1,664 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 042747644 · Massachusetts Financial Sevices Company PY 2023 · 401(k)

Mfsaving Retirement Plan · $510M · 1,664 · 97th

  • VS-ST $510M
  • BOY 1,664
  • SCH 97th
  • EBSA 401(k)
  • PART near Zeta Associates Incorporated Savings Plan
  • TYPE ind #8472

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 →

Mfsaving Retirement Plan in the asset neighbourhood

Sound Physicians 401(k) Plan$511MAaa Club Alliance Inc. 401(k) Retirement Savings PlanAaa Club Alliance Inc. 401(k…$511MMacmillan Retirement Savings PlanMacmillan Retirement Savings…$511MZeta Associates Incorporated Savings PlanZeta Associates Incorporated…$511MMfsaving Retirement Plan$510M
End-of-year total assets ($M) among Mfsaving Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$442M
Net Assets (End of Year)$510M
Net Income$68M
Employer EIN042747644
Plan Effective Date1992-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Massachusetts Financial Sevices Company)

Sponsor-wide plan assets over time

All Massachusetts Financial Sevices Company plans reported in each filing year

Latest sponsor-wide plan assets
$1.5B 28.633008315477177% vs 2022
2024 filing year
$1B$1.2B$1.4B$1.6B 202220232024 $1.17B $1.51B ▲ +29.1%
Year Plans Participants Total Assets
2022 2 3,256 $1.2B
2023 2 3,347 $1.3B
2024 2 3,434 $1.5B

Nearby 401(k) Plans in Massachusetts

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

Mfsaving Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Mfsaving Retirement Plan, Total assets ($B): 0.510009231 · Participants: 1664Mfsaving Retirement 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
Mfsaving Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Mfsaving Retirement Plan side-by-side with 3 peers →

Mfsaving Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Zeta Associates Incorporated Savings Plan in VA ($511M); by covered participants it is Lasalle Southwest 401(k) Plan in LA (1,664 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($510M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,664 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 Mfsaving Retirement Plan assets move in 2023? ▼
Mfsaving Retirement Plan grew sharply - up 15.4% during 2023, from $442M to $510M. Reported net income was $68M.
How have Massachusetts Financial Sevices Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Massachusetts Financial Sevices Company's sponsor-wide assets grew 28.6%, from $1.2B to $1.5B.
Where does Mfsaving Retirement Plan rank by assets among Form 5500 filers? ▼
Mfsaving Retirement Plan ranks in the 97th 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 Mfsaving Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Zeta Associates Incorporated Savings Plan in VA ($511M, 488 participants).
Which 401(k) plans cover a similar participant headcount to Mfsaving Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Lasalle Southwest 401(k) Plan in LA (1,664 participants, $6M 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 042747644.

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.