401(k) · DOL Form 5500 · 2024

Microfinancial, Incorporated 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
215
Participants Below avg headcount
59th
Percentile by assets National rank
$54,742
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Microfinancial, Incorporated 401(k) Profit Sharing Plan · Sponsored by Microfinancial, Incorporated · Massachusetts · Real Estate

$12M in assets, 215 participants

Microfinancial, Incorporated's Microfinancial, Incorporated 401(k) Profit Sharing Plan reported $12M in total assets and 215 participants in its 2024 DOL Form 5500 filing, ranking in the 59th 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.

  • #3,502 in Real Estate (4,605 peers)

Coverage in Massachusetts

Microfinancial, Incorporated 401(k) Profit Sharing Plan covers 215 participants in Massachusetts, about 33% of the average Massachusetts filer (state average ~659 per filing). Assets: $12M.

#3,502
in Real Estate (4,605 peers)
-7.9%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2024 · DOL Form 5500

$11,769,454 Top 41% higher than 59% 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

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

Plan-year 2024 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 (215 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Microfinancial, Incorporated 401(k) Profit Sharing Plan reported net income fell from $2M in the plan year 2023 filing to -$1M in the plan year 2024 filing.
  • Microfinancial, Incorporated 401(k) Profit Sharing Plan reported participants fell from 266 in the plan year 2023 filing to 215 in the plan year 2024 filing.
  • Microfinancial, Incorporated 401(k) Profit Sharing Plan end-of-year assets fell from $13M in the plan year 2023 filing to $12M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 042962824 · Microfinancial, Incorporated PY 2024 · 401(k)

Microfinancial, Incorporated 401(k) Profit Sharing Plan · $12M · 215 · 59th

  • PCT $12M
  • EIN 215
  • RANK 59th
  • PHOTO 401(k)
  • IND near Vp Supply Corporation 401(k) Profit Sharing Plan
  • EOY ind #3502

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

Microfinancial, Incorporated 401(k) Profit Sharing PlanMicrofinancial, Incorporated…$12MVp Supply Corporation 401(k) Profit Sharing PlanVp Supply Corporation 401(k)…$12MEchodyne Corp. 401(k) Plan$12MConcord Coach Lines, Inc. 401(k) Profit Sharing PlanConcord Coach Lines, Inc. 40…$12MExtend, Inc. 401(k) Plan$12M
End-of-year total assets ($M) among Microfinancial, Incorporated 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$13M
Net Assets (End of Year)$12M
Net Income-$1M
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): 0.011769454 · Participants: 215Microfinancial, Incorporated 401(k) Profit Sharing PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
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 Vp Supply Corporation 401(k) Profit Sharing Plan in NY ($12M); by covered participants it is Systel Business Equipment Co., Inc. 401(k) Psp in NC (215 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($12M here).

Similar participant headcount

Nearest other-state filings by covered participants (215 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 Microfinancial, Incorporated 401(k) Profit Sharing Plan assets move in 2024? ▼
Microfinancial, Incorporated 401(k) Profit Sharing Plan pulled back noticeably - down 7.9% during 2024, from $13M to $12M. Reported net income was -$1M.
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 Vp Supply Corporation 401(k) Profit Sharing Plan in NY ($12M, 350 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 Systel Business Equipment Co., Inc. 401(k) Psp in NC (215 participants, $18M 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 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.