800 Scudders Mill Road, Plainsboro, NJ 08536; phone: (609) 282-2664; fax: (609) 282-3014; www.benefits.ml.com
(No. of participants)
Total 2,500,000
Bundled (inc. in-house asset mgmt.) 2,500,000
Participants served exclusively 2,500,000
Bundled services 2,500,000
SERVICES PROVIDED
Plan design
Employee meetings
Generic employee investment education
Customized employee investment education
Generic employee communications
Customized employee communications
Compliance and reporting
Consulting services
SECURE PRIVATE NETWORK SERVICES
Account balance
Account transfers
24-hour access
Foreign language capability
Changes to contribution allocations
Loan request/processing
Performance data
Fund information
Retirement planning assistance
Client service rep available
Modeling
INVESTMENT MANAGEMENT SERVICES
Daily valuation
Total defined contribution assets: $120 billion
In-house investment management services are provided through:
Internally managed mutual funds
Internally managed separate accounts
ML retirement preservation trust
External investment management services are provided through:
Private label mutual funds
Merrill Lynch provides services to 14,000 sponsors: 12,800 for bundled services (including in-house investment management); 1,200 for investment management only.
It offers account balances, 24-hour access, changes to current/future allocations, performance data, retirement planning assistance and modeling through its Web site.
It has investment management partnerships with AIM, Alger, Alliance Capital, BlackRock, Brinson, Davis, Evergreen, Federated, Global Asset Management, GT Global, Hotchkis and Wiley, Ivy Funds, John Hancock, Lord Abbett, Managers Funds, MFS, Montgomery, Munder, New England, Nicholas-Applegate, Oppenheimer, Phoenix-Engemann, PIC, PIMCO, Pioneer, Seligman, State Street Research, Van Kampen American Capital and Zweig. It has a record-keeping partnership with Paychex.
Alan Kizor is client contact.
