Plan Snapshot
- Plan Sponsor: Factory Mutual Insurance Company
- Sponsor EIN: 050316605
- Sponsor Address: 270 CENTRAL AVENUE, JOHNSTON, RI, 029194923
- Plan Type: Health & Welfare
- Plan Number: 506
- Total Participants: 353
- Total Assets: $193.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 353 | $193.9M | $0 | $2.1M |
| 2023 | 414 | $175.4M | $0 | $2.2M |
| 2022 | 471 | $155.2M | $2.2M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| JP MORGAN CHASE | Other Service Provider | $102,000 | — | $102,000 |
| WILLIS TOWERS WATSON, LLC | Recordkeeper | $50,800 | — | $50,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $152,800
- Estimated Expense Ratio: 0.079% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $4,659,720 | — | $145,170 | — | — |
| 2023 | $4,350,834 | $102,000 | $216,067 | — | — |
| 2022 | $3,130,026 | $102,000 | $189,901 | — | — |