Medical Information Technology, IncProfit-sharing plan
MEDICAL INFORMATION TECHNOLOGY, INC. PROFIT SHARING PLAN · CANTON, MA · plan year 2022
Medical Information Technology, Inc's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $414,129,345 across 3,090 participant accounts, with employer contributions averaging $4,275 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other manufacturing employers. By assets it is the 137th-largest of 2,726 plans among Massachusetts employers on file, and the 664th of 13,661 in manufacturing.
Medical Information Technology, Inc's 2022 employer contribution ran above the $4,065 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
This plan has changed recordkeepers within these filings. If you left Medical Information Technology, Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 042455639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.