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 |
|---|---|---|---|---|
| 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 | $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 |