Plan Snapshot
- Plan Sponsor: Factory Mutual Insurance Company
- Sponsor EIN: 050316605
- Sponsor Address: 270 CENTRAL AVENUE, JOHNSTON, RI, 02919
- Plan Type: 401(k)
- Total Participants: 4,208
- Total Assets: $1.9B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,208 | $1.9B | $30.8M | $54.3M |
| 2023 | 4,005 | $1.7B | $28.5M | $50.2M |
| 2022 | 4,295 | $1.4B | $25.8M | $44.7M |
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 |
|---|---|---|---|---|
| ERNST & YOUNG LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ERNST & YOUNG LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | -$882,740 | $766,084 | — | — | — |
| 2023 | -$486,343 | $760,921 | — | — | — |
| 2022 | -$586,929 | $759,219 | — | — | — |