Plan Snapshot
- Plan Sponsor: Factory Mutual Insurance Company
- Sponsor EIN: 050316605
- Sponsor Address: 270 CENTRAL AVENUE, JOHNSTON, RI, 02919
- Plan Type: DB
- Total Participants: 3,786
- Total Assets: $3.0B
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 | 3,786 | $3.0B | $0 | $0 |
| 2023 | 3,656 | $2.9B | $0 | $0 |
| 2022 | 3,478 | $2.7B | $0 | $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 |
|---|---|---|---|---|
| WELLINGTON MANAGEMENT COMPANY LLP | Other Service Provider | $1,248,699 | — | $1,248,699 |
| ARROWSTREET CAPITAL L.P. | Other Service Provider | $977,757 | — | $977,757 |
| GREAT HILL PARTNERS L.P. | Other Service Provider | $599,575 | — | $599,575 |
| BLACKSTONE INC. | Other Service Provider | $450,000 | — | $450,000 |
| AUDAX MANAGEMENT CO. LLC | Other Service Provider | $417,916 | — | $417,916 |
| NISA INVESTMENT ADVISORS, LLC | Other Service Provider | $417,130 | — | $417,130 |
| FIDUCIARY ASSET MANAGEMENT LLC | Other Service Provider | $415,915 | — | $415,915 |
| JP MORGAN CHASE BANK | Other Service Provider | $412,192 | — | $412,192 |
| BROOKFIELD ASSET MANAGEMENT | Other Service Provider | $394,118 | — | $394,118 |
| LSV ASSET MANAGEMENT | Other Service Provider | $390,779 | — | $390,779 |
| PACIFIC INVESTMENT MANAGEMENT COMPA | Other Service Provider | $385,339 | — | $385,339 |
| APOLLO CAPITAL MANAGEMENT L.P. | Other Service Provider | $352,803 | — | $352,803 |
| TIGER GLOBAL MANAGEMENT, LLC | Other Service Provider | $347,900 | — | $347,900 |
| WILLIS TOWERS WATSON, LLC | Recordkeeper | $298,153 | — | $298,153 |
| GOLDMAN SACHS ASSET MANAGEMENT, L.P | Investment Advisor | $297,450 | — | $297,450 |
| GENERAL CATALYST GROUP MANAGEMENT L | Other Service Provider | $292,172 | — | $292,172 |
| JENNISON ASSOCIATES LLC | Other Service Provider | $285,946 | — | $285,946 |
| FIDELITY | Recordkeeper | $282,819 | — | $282,819 |
| BERKSHIRE PARTNERS | Other Service Provider | $267,643 | — | $267,643 |
| JP MORGAN ASSET MANAGEMENT | Recordkeeper | $242,273 | — | $242,273 |
| PGIM | Other Service Provider | $211,363 | — | $211,363 |
| THOMA BRAVO, L.P. | Other Service Provider | $207,657 | — | $207,657 |
| CARLYLE ASSET MANAGEMENT LLC | Other Service Provider | $206,250 | — | $206,250 |
| ROCKPOINT | Other Service Provider | $189,042 | — | $189,042 |
| LEXINGTON CAPITAL PARTNERS X | Other Service Provider | $178,125 | — | $178,125 |
| PINEBRIDGE INVESTMENTS | Other Service Provider | $157,850 | — | $157,850 |
| PRIVATE EQUITY PARTNERS | Other Service Provider | $136,901 | — | $136,901 |
| BLACKROCK FINANCIAL MANAGEMENT INC | Other Service Provider | $65,713 | — | $65,713 |
| KKR & CO. INC. | Other Service Provider | $65,668 | — | $65,668 |
| AMERICAN INDUSTRY PARTNERS | Other Service Provider | $41,806 | — | $41,806 |
| NORTHERN TRUST | Other Service Provider | $29,764 | — | $29,764 |
| GROOM LAW | ERISA Attorney | $28,714 | — | $28,714 |
| CONDUENT, INC. | Other Service Provider | $11,082 | — | $11,082 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON, LLC — Recordkeeper
- GOLDMAN SACHS ASSET MANAGEMENT, L.P — Investment Advisor
- FIDELITY — Recordkeeper
- JP MORGAN ASSET MANAGEMENT — Recordkeeper
- GROOM LAW — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,306,514
- Estimated Expense Ratio: 0.340% 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 | $10,861,589 | $8,933,534 | — | — | — |
| 2023 | $12,310,837 | $10,548,096 | $226,255 | — | — |
| 2022 | $9,541,576 | $7,996,101 | $91,346 | — | $691,169 |