401(k) · DOL Form 5500 · 2024

Massachusetts Financial Sevices Company 401(k) Plan

Data updated 2026-08-25

$575M
Total assets Above avg plan size
1,711
Participants Near avg headcount
97th
Percentile by assets National rank
$335,900
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Mfsaving Retirement Plan · Sponsored by Massachusetts Financial Sevices Company · Massachusetts · Finance & Insurance

$575M in assets, 1,711 participants

Massachusetts Financial Sevices Company's Mfsaving Retirement Plan reported $575M in total assets and 1,711 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.

  • #8,165 in Finance & Insurance (8,549 peers)

Coverage in Massachusetts

Mfsaving Retirement Plan covers 1,711 participants in Massachusetts, 2.6x the typical Massachusetts plan (state average ~659 per filing). Assets: $575M.

#8,165
in Finance & Insurance (8,549 peers)
+12.7%
assets growth YoY
5.8×
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 2024 · DOL Form 5500

$574,724,812 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

Mfsaving Retirement 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. Mfsaving Retirement Plan lands in the large band (1,711 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Mfsaving Retirement Plan end-of-year assets rose from $510M in the plan year 2023 filing to $575M in the plan year 2024 filing.
  • Mfsaving Retirement Plan reported net income fell from $68M in the plan year 2023 filing to $65M in the plan year 2024 filing.
  • Mfsaving Retirement Plan reported participants rose from 1,664 in the plan year 2023 filing to 1,711 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 042747644 · Massachusetts Financial Sevices Company PY 2024 · 401(k)

Mfsaving Retirement Plan · $575M · 1,711 · 97th

  • PART $575M
  • TYPE 1,711
  • NET 97th
  • BOOK 401(k)
  • VS-ST near Srs Distribution Inc. 401(k) Plan
  • BOY ind #8165

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

Brown and Caldwell Savings PlanBrown and Caldwell Savings P…$575MWestern & Southern Financial Group Employee Retirement 401(k) Savings PlanWestern & Southern Financial…$575MSrs Distribution Inc. 401(k) PlanSrs Distribution Inc. 401(k)…$575MMfsaving Retirement Plan$575MCargill Investment Plan$574M
End-of-year total assets ($M) among Mfsaving Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$510M
Net Assets (End of Year)$575M
Net Income$65M
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): 0.574724812 · Participants: 1711Mfsaving Retirement 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
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 Srs Distribution Inc. 401(k) Plan in TX ($575M); by covered participants it is General Dynamics Corporation 401(k) Plan 3.0 in VA (1,711 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($575M here).

Similar participant headcount

Nearest other-state filings by covered participants (1,711 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 Mfsaving Retirement Plan assets move in 2024? ▼
Mfsaving Retirement Plan grew at a solid clip - up 12.7% during 2024, from $510M to $575M. Reported net income was $65M.
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 123,622 plans that reported assets for plan year 2024 (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 Srs Distribution Inc. 401(k) Plan in TX ($575M, 10,546 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 General Dynamics Corporation 401(k) Plan 3.0 in VA (1,711 participants, $1.5B 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 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.