Mri Software, Llc. 401(k) Plan (terminated 2020): Login, Facts & Contact Information

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Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2020, when $67.5 million was transferred out of the plan. Assets moved to the THE PLATINUM 401(K) RETIREMENT SAVINGS PLAN (sponsored by PLAN FIDUCIARY SERVICES, INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Mri Software, Llc. 401(k) Plan Facts (plan year 2020)

Plan name

THE PLATINUM 401(K) RETIREMENT SAVINGS PLAN FBO MRI SOFTWARE, LLC.

Plan type

401(k) with employer contributions and profit sharing

Plan sponsor

MRI SOFTWARE, LLC.

Participants

1,300

Former employees with a balance

Employer contributions

$2,060,843 in plan year 2020 (19% of all contributions)

Recordkeeper

John Hancock Life Insurance Company

Plan year

Jan 1, 2020 – Dec 31, 2020

Plan established

Oct 1, 2015

✓ 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 – Dec 31, 2020), filed Feb 22, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

$10.8 million went into the plan in contributions, $2.06 million of it from the employer (19%).
$6.88 million was paid out to participants.
Investment and other income added $9.66 million.

How the Mri Software, Llc. 401(k) changed, 2015–2020

Plan year	Participants	Plan assets	Employer contributions	Benefits paid
2015	0	$16.3 million	$723,096	$848,445
2016	612	$22.3 million	$935,034	$1.69 million
2017	777	$33.4 million	$1.16 million	$1.46 million
2018	979	$37.3 million	$1.38 million	$3.33 million
2019	1,063	$51.3 million	$1.65 million	$3.31 million
2020 (final)	1,300	$0	$2.06 million	$6.88 million

Mri Software, Llc. 401(k) Contact Information

Phone

216-825-6607

Mailing address

28925 FOUNTAIN PKWY, SOLON OH 44139

Plan sponsor

MRI SOFTWARE, LLC.

Employer identification number (EIN)

27-1499609

Plan number

004

Questions about the Mri Software, Llc. 401(k)

Is the Mri Software, Llc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2020. Its assets were transferred to the THE PLATINUM 401(K) RETIREMENT SAVINGS PLAN.

Does Mri Software, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $2.06 million, 19% of all contributions.

Does the Mri Software, Llc 401(k) have automatic enrollment?

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

How many people are in the Mri Software, Llc 401(k) plan?

1,300 participants at the start of plan year 2020.

Who manages the Mri Software, Llc 401(k) accounts?

John Hancock (listed on the filing as JOHN HANCOCK LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.