Medical Professional Mutual Insurance Company 401(k) Plan: Login, Facts & Contact Information

Medical Professional Mutual Insurance Company 401(k) Plan Facts

Plan name
COVERYS 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MEDICAL PROFESSIONAL MUTUAL INSURANCE COMPANY
Participants
778 (514 active employees)
Former employees with a balance
246
Plan assets
$186,460,208 at Dec 31, 2024
Average account balance
$245,666 across 759 accounts
Employer contributions
$4,077,256 in plan year 2024 (32% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1989
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 8, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $12.7 million went into the plan in contributions, $4.08 million of it from the employer (32%).
  • $33.3 million was paid out to participants.
  • Investment and other income added $27.9 million.
  • Administrative expenses were $273,979, about $361 per account.

How the Medical Professional Mutual Insurance Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019706$151.3 million$5.72 million$9.76 million
2020707$173.2 million$5.39 million$16.4 million
2021716$192.4 million$6.24 million$21.1 million
2022723$149.5 million$4.03 million$17.8 million
2023756$179.5 million$6.00 million$16.9 million
2024778$186.5 million$4.08 million$33.3 million

Medical Professional Mutual Insurance Company 401(k) Contact Information

Phone
617-330-1755
Mailing address
ONE FINANCIAL CENTER, BOSTON MA 02111
Plan sponsor
MEDICAL PROFESSIONAL MUTUAL INSURANCE COMPANY
Employer identification number (EIN)
04-2595783
Plan number
002

Questions about the Medical Professional Mutual Insurance Company 401(k)

Does Medical Professional Mutual Insurance Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $4.08 million, 32% of all contributions.

Does the Medical Professional Mutual Insurance Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Medical Professional Mutual Insurance Company 401(k) plan?

778 participants at the start of plan year 2024, 514 of them active employees, and 246 former employees who still had money in the plan.

What is the average 401(k) balance at Medical Professional Mutual Insurance Company?

About $245,666 per account: $186.5 million in plan assets across 759 accounts with a balance at the end of plan year 2024.

Who manages the Medical Professional Mutual Insurance Company 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Medical Professional Mutual Insurance Company. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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