401(k) · DOL Form 5500 · 2024
Medical Professional Mutual Insurance Company 401(k) Plan
Data updated 2026-08-11
- $186M
- Total assets
- 575
- Participants
- 94th
- Percentile by assets
- $324,279
- Avg per participant
Official DOL plan name: Coverys 401(k) Retirement Plan · Sponsored by Medical Professional Mutual Insurance Company · Massachusetts · Finance & Insurance
$186M in assets, 575 participants
Medical Professional Mutual Insurance Company's Coverys 401(k) Retirement Plan reported $186M in total assets and 575 participants in its 2024 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 123,622 plans)
- #7,733 in Finance & Insurance (8,549 peers)
Where Coverys 401(k) Retirement Plan sits by assets
Coverys 401(k) Retirement Plan sits in the top 10% of all filed plans by assets, $186M for 575 participants (~$324,279/participant), up 3.9% in 2024.
- $186M
- total plan assets (2024 EOY)
- 575
- covered participants
- 94th
- percentile by assets (of 123,622 plans)
- $324,279
- avg assets per participant
Where Coverys 401(k) Retirement Plan sits by total assets
Coverys 401(k) Retirement Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$186,460,208 Top 6% higher than 94% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Coverys 401(k) Retirement Plan reported net income fell from $28M in the plan year 2023 filing to $7M in the plan year 2024 filing.
- Coverys 401(k) Retirement Plan end-of-year assets rose from $179M in the plan year 2023 filing to $186M in the plan year 2024 filing.
- Coverys 401(k) Retirement Plan reported participants rose from 559 in the plan year 2023 filing to 575 in the plan year 2024 filing.
Coverys 401(k) Retirement Plan vs the 2024 asset distribution
By assets, Coverys 401(k) Retirement Plan outranks 94% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 1.9x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2024)
| Total Assets (Beginning of Year) | $179M |
|---|---|
| Net Assets (End of Year) | $186M |
| Net Income | $7M |
| Employer EIN | 042595783 |
| Plan Effective Date | 1989-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Medical Professional Mutual Insurance Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 556 | $149M |
| 2023 | 1 | 559 | $179M |
| 2024 | 1 | 575 | $186M |
Nearby 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Coverys 401(k) Retirement Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
- Fidelity Retirement Savings Plan $34.2B · 66,907
- Liberty Mutual 401(k) Plan $11.4B · 34,618
- Massachusetts Institute of Technology Supplemental 401(k) Plan $7.7B · 14,762
- Boston Scientific Corporation 401(k) Retirement Savings Plan $6.8B · 20,639
- State Street Salary Savings Program $6.5B · 12,777
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Coverys 401(k) Retirement Plan by total assets, not by location.
- Carson Tahoe Health System 401(k) Plan (NV) $187M · 1,978
- Monroe Energy Retirement Plan (PA) $186M · 508
- Ducommun Incorporated Retirement Savings Plan (CA) $186M · 2,191
- Foundation Risk Partners 401(k) Plan (FL) $187M · 2,136
Frequently Asked Questions
How did Coverys 401(k) Retirement Plan assets move in 2024? ▼
How have Medical Professional Mutual Insurance Company plan assets changed over time? ▼
Where does Coverys 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Coverys 401(k) Retirement Plan? ▼
Next read for Coverys 401(k) Retirement Plan
Scale reading
Ways to act on Coverys 401(k) Retirement Plan's numbers.
- By total assets, Coverys 401(k) Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
- Medical Professional Mutual Insurance Company's sponsor-wide assets have grown 24.8% since 2022 across 3 plan years on file. More Finance & Insurance plans