Retirement plan

MFSAVING RETIREMENT PLAN

Name: MASSACHUSETTS FINANCIAL SEVICES COMPANY - MFSAVING RETIREMENT PLAN (2015) Form 5500
Creator: MASSACHUSETTS FINANCIAL SEVICES COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MFSAVING RETIREMENT PLAN, MASSACHUSETTS FINANCIAL SEVICES COMPANY

MASSACHUSETTS FINANCIAL SEVICES COMPANYEIN 04-2747644Plan #015PY 2015

111 HUNTINGTON AVE - BOSTON, MA 021997610617-954-5000LinkedIn1-10 employeesfinancial services

Other plans on this EIN

2 filings

#002Retirement-$446.8M assets #001Retirement-$53.9M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed February 26, 2015 (most recent of 2 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

111 Huntington Avenue

Boston State: MA Zip Code: 02199

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Plans declared (1)

Massachusetts Financial Services Company Management Committee Mandatory Retirement Benefit Plan0 emp

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Total assets (EOY)

$232.1M

-10.3% from 2016

Total participants

2,335

+0.4% from 2016

Average account balance

$102,852

-9.1% from 2016

Annual return

0.85%

-8.10 pp from 2016

Benchmarks

See 487 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort487 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$574.72M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$243K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,363

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.88%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$2,600

Plan features & details

Pension benefit codes2E2F2G2J2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$7K

$4 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.003%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE, LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,852

$75,760+35.8%

$123,105-16.5%

$59,188+73.8%

Participation rate

95.1%

86.0%+9.1pp

86.8%+8.3pp

69.4%+25.7pp

Annual return

0.85%

2.93%-2.1pp

13.22%-12.4pp

5.51%-4.7pp

Employer contribution / active EE

$3,415-100.0%

$5,151-100.0%

$2,098-100.0%

Participant deferral / active EE

$8,742

$5,000+74.8%

$6,229+40.3%

$3,265+167.8%

Admin fee / account holder

$61-95.3%

$9,014-100.0%

$92-96.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$2,600

MFSAVING RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MFSAVING RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion