Profit Sharing · DOL Form 5500 · 2024

Medical Information Technology, Inc Profit Sharing Plan

Data updated 2026-08-25

$409M
Total assets Above avg plan size
3,306
Participants Above avg headcount
97th
Percentile by assets National rank
$123,857
Avg per participant Near avg balance/head
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Official DOL plan name: Medical Information Technology, Inc. Profit Sharing Plan · Sponsored by Medical Information Technology, Inc · Massachusetts · Manufacturing

$409M in assets, 3,306 participants

Medical Information Technology, Inc's Medical Information Technology, Inc. Profit Sharing Plan reported $409M in total assets and 3,306 participants in its 2024 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.

  • #16,849 in Manufacturing (17,777 peers)

Coverage in Massachusetts

Medical Information Technology, Inc. Profit Sharing Plan covers 3,306 participants in Massachusetts, 5.0x the typical Massachusetts plan (state average ~659 per filing). Assets: $409M.

#16,849
in Manufacturing (17,777 peers)
+1.2%
assets growth YoY
4.1×
vs typical plan assets (national mean)

Medical Information Technology, Inc. Profit Sharing Plan's outsized position by total assets

Medical Information Technology, Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$409,469,950 Top 3% higher than 97% of 123,620 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 2024

Medical Information Technology, Inc. Profit Sharing Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Medical Information Technology, Inc. Profit Sharing Plan lands in the large band (3,306 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Medical Information Technology, Inc. Profit Sharing Plan reported net income rose from -$9M in the plan year 2023 filing to $5M in the plan year 2024 filing.
  • Medical Information Technology, Inc. Profit Sharing Plan reported participants rose from 3,041 in the plan year 2023 filing to 3,306 in the plan year 2024 filing.
  • Medical Information Technology, Inc. Profit Sharing Plan end-of-year assets rose from $405M in the plan year 2023 filing to $409M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 042455639 · Medical Information Technology, Inc PY 2024 · Profit Sharing

Medical Information Technology, Inc. Profit Sharing Plan · $409M · 3,306 · 97th

  • IND $409M
  • EOY 3,306
  • 5500 97th
  • ASSETS Profit Sharing
  • PCT near St. Luke's Health Network Defined Contribution Plan
  • EIN ind #16849

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 Manufacturing retirement plans → · Plans in Massachusetts →

Medical Information Technology, Inc. Profit Sharing Plan in the asset neighbourhood

Kramer Levin Profit-Sharing Retirement PlanKramer Levin Profit-Sharing …$424MSt. Luke's Health Network Defined Contribution PlanSt. Luke's Health Network De…$423MMedical Information Technology, Inc. Profit Sharing PlanMedical Information Technolo…$409MChildrens Healthcare of Atlanta Growth PlanChildrens Healthcare of Atla…$391MLocal 138, 138a, 138b & 138c Internati of Operating Engineers Annuity FundLocal 138, 138a, 138b & 138c…$390M
End-of-year total assets ($M) among Medical Information Technology, Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$405M
Net Assets (End of Year)$409M
Net Income$5M
Employer EIN042455639
Plan Effective Date1973-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Medical Information Technology, Inc)

Sponsor-wide plan assets over time

All Medical Information Technology, Inc plans reported in each filing year

Latest sponsor-wide plan assets
$513M 9.682321072384875% vs 2022
2024 filing year
$460M$480M$500M$520M 202220232024 $467M $513M ▲ +9.7%
Year Plans Participants Total Assets
2022 2 6,350 $467M
2023 2 6,511 $483M
2024 2 6,639 $513M

Nearby Profit Sharing Plans in Massachusetts

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Medical Information Technology, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -505101520 Total assets ($B) Participants Medical Information Technology, Inc. Profit Sharing Plan, Total assets ($B): 0.40946995 · Participants: 3306Medical Information Technology, Inc. Profit Sharing PlanConsolidated 403(b) Program of Mass General Brigham and Member Organizations, Total assets ($B): 16.746508173 · Participants: 76559Consolidated 403(b) Program of Mass General Brigham and Member OrganizationsDemoulas (Restated) Profit Sharing Plan & Trust, Total assets ($B): 1.11674253 · Participants: 14037Demoulas (Restated) Profit Sharing Plan & TrustDana-Farber Cancer Institute Retirement Plan, Total assets ($B): 0.93023844 · Participants: 5518Dana-Farber Cancer Institute Retirement PlanThe Boston Consulting Group, Inc. Employees' Profit Sharing Retirement Fund, Total assets ($B): 0.685607607 · Participants: 6385The Boston Consulting Group, Inc. Employees' Profit Sharing Retirement FundSheet Metal Workers Local 17 Annuity Income Fund, Total assets ($B): 0.656271721 · Participants: 3065Sheet Metal Workers Local 17 Annuity Income Fund
Medical Information Technology, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Massachusetts, assets vs. participants
Compare Medical Information Technology, Inc. Profit Sharing Plan side-by-side with 3 peers →

Medical Information Technology, Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Massachusetts, the nearest Profit Sharing by assets is St. Luke's Health Network Defined Contribution Plan in PA ($423M); by covered participants it is The Access Pooled Employer Plan - Series 1 in TX (3,303 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,306 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Medical Information Technology, Inc. Profit Sharing Plan assets move in 2024? ▼
Medical Information Technology, Inc. Profit Sharing Plan edged up modestly - up 1.2% during 2024, from $405M to $409M. Reported net income was $5M.
How have Medical Information Technology, Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Medical Information Technology, Inc's sponsor-wide assets grew 9.7%, from $467M to $513M.
Where does Medical Information Technology, Inc. Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Medical Information Technology, Inc. Profit Sharing Plan ranks in the 97th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Medical Information Technology, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is St. Luke's Health Network Defined Contribution Plan in PA ($423M, 15,648 participants).
Which Profit Sharing plans cover a similar participant headcount to Medical Information Technology, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is The Access Pooled Employer Plan - Series 1 in TX (3,303 participants, $2K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 042455639.

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.