Retirement plan

MFSAVING RETIREMENT PLAN

Name: MASSACHUSETTS FINANCIAL SEVICES COMPANY - MFSAVING RETIREMENT PLAN (2016) 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 2016

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

Other plans on this EIN

2 filings

#002Retirement-$479.7M assets #001Retirement-$47.5M 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)

$258.7M

-10.3% from 2016

Total participants

2,325

+0.4% from 2016

Average account balance

$113,118

-9.1% from 2016

Annual return

8.95%

-8.10 pp from 2016

Benchmarks

See 529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort529 peers

Snapshot2016

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$8,325

Plan features & details

Pension benefit codes2E2F2G2J2S2T3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$8K

$5 / participant

Other / not subdivided$8K100.0%

% 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

$113,118

$80,354+40.8%

$133,975-15.6%

$63,975+76.8%

Participation rate

97.6%

87.5%+10.1pp

87.1%+10.6pp

71.1%+26.5pp

Annual return

8.95%

13.11%-4.2pp

29.29%-20.3pp

48.65%-39.7pp

Employer contribution / active EE

$3,503-100.0%

$5,211-100.0%

$2,182-100.0%

Participant deferral / active EE

$9,145

$5,239+74.6%

$6,282+45.6%

$3,356+172.5%

Admin fee / account holder

$69-94.7%

$9,324-100.0%

$70-94.8%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$8,325

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