Medical Information Technology, Inc. 401(k) Plan (terminated 2020): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2020, when $15.9 million was transferred out of the plan. Assets moved to the MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN (sponsored by MEDICAL INFORMATION TECHNOLOGY, INC). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Medical Information Technology, Inc. 401(k) Plan Facts (plan year 2020)

Plan name
LSS AND PTCT 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MEDICAL INFORMATION TECHNOLOGY, INC.
Participants
215
Former employees with a balance
0
Plan year
Jan 1, 2020 – Feb 14, 2020
Plan established
Jan 1, 1994
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Feb 14, 2020), filed Oct 15, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • Investment and other income added $2,727.

How the Medical Information Technology, Inc. 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2015295$11.9 million—$571,064
2016268$12.6 million—$233,570
2017249$14.9 million—$265,867
2018238$13.5 million—$371,277
2019222$15.9 million—$832,739
2020 (final)215$0—$0

Medical Information Technology, Inc. 401(k) Contact Information

Phone
781-821-3000
Mailing address
MEDITECH CIRCLE, WESTWOOD MA 02090
Plan sponsor
MEDICAL INFORMATION TECHNOLOGY, INC.
Employer identification number (EIN)
04-2455639
Plan number
004

Questions about the Medical Information Technology, Inc. 401(k)

Is the Medical Information Technology, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2020. Its assets were transferred to the MEDICAL INFORMATION TECHNOLOGY, INC. 401(K) PLAN.

Does Medical Information Technology, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Medical Information Technology, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Medical Information Technology, Inc 401(k) plan?

215 participants at the start of plan year 2020.

Who manages the Medical Information Technology, Inc 401(k) accounts?

Newport (an Ascensus company) is the plan's recordkeeper, which is where participants log in to see their balance.

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