Data-driven analytics, industry best practices, and a dedicated service team that drives a best-in-class retirement program.

Cost containment strategies

Plan sponsors need full visibility into every cost associated with their retirement program, and the ability to measure whether those costs are reasonable. We provide a complete cost analysis at every plan review meeting and benchmark the plan against national, normative data. Our evaluation covers investment expenses, recordkeeping costs, operational fees, and advisory services (yes, we even benchmark ourselves). In addition, we’ll periodically market the plan to obtain cost and service insights.

Investment due diligence

Thoughtfully constructing and monitoring the retirement plan lineup is at the core of what we do. We utilize a proprietary scoring system to assess each investment through quantitative and qualitative factors, focusing on attributes such as style consistency, risk/return characteristics, and share class analytics. Through a heavily documented process, investment due diligence and related changes are maintained by us in a fiduciary file for future reference in a plan audit.

Employee engagement

The average employee may have a variety of financial concerns and needs – between the rising cost of living, reducing debt, and planning for other goals, saving for retirement can feel overwhelming. Retirement education should include access to resources that address the entire financial picture, not just retirement. Our suite of retirement and financial well-being education offers content on a variety of topics. Additionally, if you offer your employees a health savings account (HSA), we educate on how the HSA can be a powerful retirement tool for one of the largest retirement expenses, healthcare.

We do more = You do less

We’ve tailored our service platform to significantly reduce the time commitment required from our clients to manage their retirement plans. Through the implementation of administrative and fiduciary efficiencies, our service model saves 18-20% of the time typically dedicated to the administration, governance, and day-to-day operational support of the retirement benefit. This translates to a valuable ROI for our clients, allowing them to redirect this time towards their organizational initiatives.

Advisory services that go beyond the lineup

We’re dedicated to delivering services that address the entire scope of the plan. We have the expertise and dedicated focus to support plan design, operations, compliance details, and anything in between.

Operational support

We understand the intricacies of plan operations and how they correlate to regulatory standards and the employee experience. As a dedicated, daily resource, we’ll offer clarity and guidance, to both you and your employees to ensure the plan is well supported. If operational errors exist, we’ll help manage any corrective processes.

Plan design

Designing a retirement plan involves careful consideration for both the employee experience and operational impacts. Our team will consult on your plan document, suggesting modifications to align with best-practices and enhanced participant outcomes, while keeping your payroll structure, goals, and operations in mind.

Fiduciary governance

We will maintain a fiduciary file, housing key documentation for audit purposes. We will also support the plan through each annual compliance task. Additionally, we keep close watch on all industry legislation to ensure you are up-to-date. Lastly, our in-house ERISA counsel is a resource for complex or regulatory concerns.

Promoting a culture of financial well-being

Our approach to financial well-being involves breaking complex topics down into more digestible segments. Through short videos, our educational website and webinar channel, mobile app capabilities, and the promotion of recordkeeper resources, employees have access to content that can help them plan for retirement while managing their financial needs today. For an even more personal financial well-being solution, MMA’s ProsperWise™ offers one-on-one coaching in addition to web-based content.

Thriving together: Navigating the intersection of employee health and financial well-being

For many years, employee well-being and financial benefits have operated in distinct silos within workplace benefits packages. By aligning these crucial elements, organizations can foster a culture of well-being, creating a workplace where employees thrive and contribute to the organization’s overall success.

Financial well-being solutions for your workforce

MMA Prosper Wise is MMA’s proprietary financial well-being solution that provides education & guidance on a variety of comprehensive services tailored to your client’s employee needs. With MMA Prosper Wise, you can benefit from higher talent attraction and retention and more satisfied and healthier employees.

Expert insights, trends and strategies for retirement services

Flyers

What’s the buzz around financial well-being?

Many employees have growing concerns over their financial future and it's essential organizations provide them the resources and education to best be prepared.

MRMH Award Winners

Gift of Hope Organ & Tissue Donor Network controls premium increases with wellness program and consumerism

MMA recognized Gift of Hope Organ & Tissue Donor Network as an MRMH Award recipient for their dedication to enhancing their wellness programs and decreasing costs for employees.

Flyers

2024 retirement plan cost of living adjustments

The IRS has announced the cost of living adjustments to the dollar limits on qualified retirement plan benefits for 2024.

Videos

Roth vs Pre-Tax

Choosing between Roth and Pre-Tax contributions for a retirement plan can be a challenge. Learn about the benefits of both options and how to decide which one is best for your personal financial situation.

Infographics

HSAs and your retirement

An HSA is a tax-favored savings vehicle that can accompany high deductible health insurance. It can be a powerful retirement tool because the money can be left to accumulate year-to-year and some of the account may be invested for growth potential.

Blogs

Tips for managing market volatility

Market volatility is understandably concerning, and certain circumstances can create a turbulent climate. However, it's important to keep a long-term focus when evaluating retirement assets. Here are a few tips to help concerned employees weather the recent turbulence: Consider your time horizon and risk tolerance. Those who are near retirement ...

Blogs

Retirement education in the age of a millennial workforce

The Importance of Retirement Education Retirement at 23. Sounds nice, right? Incredibly so, but saving for retirement takes years of follow-through and consistency. The upside? This gives an edge to Millennials who are just entering the workforce and have decades of time on their side. You’d think taking full ...

Blogs

Redefining the participant experience

Call us crazy, but we think planning and saving for retirement should be enjoyable and motivating for employees. After all, retirement is a permanent vacation from work, and who doesn’t love planning for vacation? Chances are most participants wouldn’t immediately think “retirement planning” and “fun” are synonymous, but at ...

Blogs

Promoting financially fit employees

In recent years, wellness has become a focal point for employers for good reason. Improving the health and wellness of your workforce yields a multitude of benefits. While the link between physical health and wellness programs is clear, there is a new kind of wellness that can have a ...

Blogs

Is your company a matching overachiever?

What is the true objective of your company match? Is it intended to help your employees save more for retirement? Is it used as a tool to recruit new employees? Do you offer a match to incentivize lower paid employees to save more in order to improve your non-discrimination test? In ...

Blogs

How to strengthen your company’s retirement plan

America currently has a retirement crisis on the way. According to the Pew Research Center in 2023, 56 million Americans in the private sector do not have any kind of retirement saving plans. With an emphasis being placed on employee health and benefits in the workforce, it is important ...

Blogs

Five ways to refocus on retirement plan goals

With millennials being the dominant group in the workforce, it is important for plan sponsors to refocus their goals for a new generation. Here are five ways plan sponsors can refocus their goals for plan significance and success. Market Your Plan Plan sponsors are becoming more paternalistic. They are ...

Frequently asked questions

While it is possible for a plan sponsor to utilize their recordkeeper for investment lineup management, there are numerous advantages to partnering with a retirement plan advisor. As a neutral third-party, we are not tied to any proprietary funds or lineup options. Instead, our investment due diligence will be based on the analytics of the quantitative and qualitative fund factors as well as the cost implications. Additionally, we regularly market the plan to ensure it is cost competitive. These market insights can provide valuable leverage for cost reductions or service additions as the plan demographics grow over time. Lastly, we support the plans operations with industry best practices, and our in-house ERISA counsel can serve as a resource on matters requiring a legal perspective. This depth of support and investment and provider neutral consultation can generally not be obtained in a recordkeeper-direct model.

There is no such thing as an “average” workforce – while some employees can be easily reached in a designated company space, there are many environments where employees are spread out through regular travel, remote work, shift and field work, or situations in which they are running a process or line that cannot be shut down for them to attend a retirement meeting. We have a variety of resources to reach employees that may not have immediate access to us – any of our employee sessions can be recorded and reviewed later, and we offer numerous videos and on-demand resources that are mobile friendly for employees who don’t work in front of a computer during the day but do have a mobile phone. In addition, we can create a mobile app for your workforce that brings a variety of resources together into one convenient app. If you have a centralized breakroom or common space that employees filter in and out of, we can use flyers with QR codes that link out to mobile resources. For increased accessibility, we can create a video specific to your plan that can be played in English or Spanish and viewed with subtitles in a multitude of other languages.

If you receive a letter notifying you that your retirement plan is being audited by the IRS or DOL, we want to be the very first call you make. From there, we will engage our in-house ERISA counsel for insight. We will sift through all requested items and partner with your plan recordkeeper to build an audit file that contains key reporting and documentation. We will review this documentation to ensure adequacy and advise on any gaps or discrepancies, and keep you apprised of where data may need to come from internal systems and processes, such as payroll. When the DOL or IRS is onsite, we will be on-call to expedite any additional documents needed. Lastly, we will work through any follow up items with you to close out any audit findings.

Securities and investment advisory services offered through MMA Securities LLC (MMA Securities), member FINRA / SIPC, and a federally registered investment advisor. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Variable insurance products distributed by MMA Securities LLC, CA OK 81142. Marsh & McLennan Insurance Agency LLC and MMA Securities LLC are affiliates owned by Marsh & McLennan Companies. Investment advisory services for MMA Prosper WiseSM are offered solely as a Registered Investment Adviser through MMA Securities. Certain of our investment adviser representatives are registered representatives of MMA Securities. A copy of our written disclosure statement discussing our advisory services and fees is available for your review upon request. Please consult a tax professional for specific tax inquiries and recommendations. www.MMARetirement.com