500 Boylston St., Boston, MA 02116; phone: (617) 954-5379; fax: (617) 954-6685; www.mfs.com
(No. of participants)
Total 255,326
Bundled (inc. in-house asset mgmt.) 255,326
Participants served exclusively 255,326
Bundled services 255,326
SERVICES PROVIDED
Plan design
Employee meetings
Generic employee investment education
Customized employee investment education
Generic employee communications
Customized employee communications
Compliance and reporting
SECURE PRIVATE NETWORK SERVICES
Account balance
Account transfers
24-hour access
Changes to contribution allocations
Performance data
Fund information
Retirement planning assistance
Loan information
INVESTMENT MANAGEMENT SERVICES
Daily valuation
Total defined contribution assets: $6 billion
In-house investment management services are provided through:
Internally managed mutual funds
GICs
MFS Investment Management provides services to 3,742 sponsors: 3,715 for bundled services (including in-house investment management); 27 for investment management only. It offers account balances, account transfers, changes to current/future allocations, performance data, fund information and retirement planning assistance through its Web site.
Its alliance partners are AON Advisors/FTC, Buck Consultants, Equitable, FAScorp, Fidelity, Firstar Trust, Hazelhurst/TNT, Hewitt Services, KPMG Peat Marwick, LaSalle, Mercer, Merrill Lynch, Northern Trust, Norwest Bank, Putnam Fiduciary Trust, Scudder, State Street Global Advisors, and Watson Wyatt. For record keeping, it uses Benefit Services Corp. and DST-Recordkeeping System Trac2000.
Brendan Nolan is client contact.
