2023 Form 5500 filing — Massachusetts Institute Of Technology Retiree Welfare Benefit Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20250402093834NAL0009598929001) for Massachusetts Institute Of Technology Retiree Welfare Benefit Plan, reported by Massachusetts Institute Of Technology under EIN 04-2103594 and plan number 507. It reports 7,237 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250402093834NAL0009598929001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Massachusetts Institute Of Technology
- EIN
- 04-2103594
- Plan number
- 507
- Location
- Cambridge, MA
- Participants
- 7,237
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,010,214,203
- Total liabilities (EOY)
- $24,735,144
- Net assets (EOY)
- $985,479,059
- Participant contributions
- $12,385,406
- Total income / additions
- $125,713,293
- Benefits paid
- $49,113,522
- Administrative expenses
- $5,869,994
- Total expenses
- $54,983,516
- Net increase / (decrease)
- $70,729,777
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Blue Cross Blue Shield Of Mass | MEDICAL CLAIMS PROCESSING | $1,253,874 | not reported in the loaded dataset |
| Express Scripts, Inc | CLAIMS PROCESSING RX CLMS | $621,300 | not reported in the loaded dataset |
| State Street Bank | CUSTODIAN | $405,178 | not reported in the loaded dataset |
| Pricewaterhousecoopers | AUDITOR AND TAX PREPARER | $98,165 | not reported in the loaded dataset |
| Hedgeserv Cayman Ltd | INVESTMENT ACCOUNTING | $90,134 | not reported in the loaded dataset |
| Northeast Retirement Services | INVESTMENT ACCOUNTING | $70,963 | not reported in the loaded dataset |
| Kpmg | TAX PREPARER | $54,415 | not reported in the loaded dataset |
| Ernst & Young | TAX PREPARER | $47,955 | not reported in the loaded dataset |
| K1x, Inc | FINANCIAL SERVICES | $7,919 | not reported in the loaded dataset |