# Factory Mutual Insurance Company Health & Welfare Plan
Source: https://planprovider.pro/companies/factory-mutual-insurance-company-050316605-506

> Factory Mutual Insurance Company's Health & Welfare plan: 353 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/lincoln-financial-group) — 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|—|—|

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