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Original filing (PDF)20250730075502NAL0003712849001
MEDICAL INFORMATION TECHNOLOGY, INC
Form 5500
FILING_RECEIVED
MEDICAL INFORMATION TECHNOLOGY, INC. PROFIT SHARING PLAN
Defined-contribution retirement plan
Signals · 3
71% in single holding98% employer stockNo recordkeeper disclosed
Active participants
3,150
Accounts w/ balance
3,150
Plan assets (EOY)
$409.5M
Net assets (EOY)
$409.5M
How this plan invests
This plan
20 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
82
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
50
Total plan cost
75
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Medical Information 1,597 shares Common Stock ($1.00) Par Value" is 71% of plan.
- 98% of plan in employer / sponsor stock.
- No recordkeeper disclosed on Schedule C.
Helping the score
- No Schedule C compensation disclosed — likely a small plan or unbundled.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for MEDICAL INFORMATION TECHNOLOGY, INC.
Plan sponsor
Name
MEDICAL INFORMATION TECHNOLOGY, INC
EIN
04-2455639
Address
7 BLUE HILL RIVER RD · CANTON, MA · 02021
Phone
(781) 821-3000
Industry
Manufacturingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-07-30
Pension benefit codes
2E · Profit-sharing
Audit & trust (Schedule H)
Auditor
WOLF & COMPANY P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
No Schedule C providers reportedInvestments
20 direct securities· $403.6M(99% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Medical Information 1,597 shares Common Stock ($1.00) Par Value | — | — | $164.6M | $287.5M | 70.2% | |
| Proctor & Gamble 100,000 shares of common stock | — | — | $7.0M | $16.8M | 4.1% | |
| McDonald's Corporation 50,000 shares of common stock | — | — | $4.3M | $14.5M | 3.5% | |
| Exxon Mobil Corp. 133,000 shares of common stock | — | — | $9.0M | $14.3M | 3.5% | |
| Abbvie Inc. 80,000 shares of common stock | — | — | $5.5M | $14.2M | 3.5% | |
| Altria Group, Inc. 177,500 shares of common stock | — | — | $8.3M | $9.3M | 2.3% | |
| Nextera Energy Inc. 120,000 shares of common stock | — | — | $2.9M | $8.6M | 2.1% | |
| The Southern Company 100,000 shares of common stock | — | — | $4.9M | $8.2M | 2.0% | |
| IBM Corporation 30,000 shares of common stock | — | — | $3.7M | $6.6M | 1.6% | |
| 324 Plan Participant Loans Maturity Dates Range 1/31/2023-11/30/2029 | — | — | $4.8M | $4.8M | 1.2% | |
| Verizon Communications 115,000 shares of common stock | — | — | $6.1M | $4.6M | 1.1% | |
| Chevron 23,500 shares of common stock | — | — | $2.0M | $3.4M | 0.8% | |
| Duke Energy Corp. 30,000 shares of common stock | — | — | $2.7M | $3.2M | 0.8% | |
| United Parcel Service 20,000 shares of common stock | — | — | $1.9M | $2.5M | 0.6% | |
| Certificate of Deposit > 90 days Maturity Date 2/25/2025 (4.64%) | — | — | $2.0M | $2.0M | 0.5% | |
| Consolidated Edison, Inc. 15,000 shares of common stock | — | — | $1.0M | $1.3M | 0.3% | |
| Certificate of Deposit < 90 days Maturity Date 1/21/2025 (4.35%) | — | — | $700K | $700K | 0.2% | |
| SBC 29,900 shares of common stock | — | — | $545K | $681K | 0.2% | |
| WarnerMedia Discovery 18,143 shares of common stock | — | — | $497K | $192K | <0.1% | |
| Technology, Inc. Right of First Refusal Restrictions Bank of America Interest-bearing savings account (1.92%) | — | — | $169K | $169K | <0.1% |
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