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Mammel & Associates Inc.
9110 W. Dodge Road, Suite 175, Omaha, Neb. 68114; 402-397-7000;
fax: 402-398-2458
Staff
Total104
Involved in 401(k) plan services30
Clients
Total326
Receiving unbundled services326
Average participants/plan178
Minimum participants/plan2
Maximum participants/plan35,000
1996 revenues
Total$12,800,000
401(k) plan administration$980,000
Services began: 1981.
Parent: SilverStone Group Inc.
Software: Purchased from outside vendor, accommodates 20 investment funds and 99 types of contributions.
Administration: Cash, unit value and full share accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications. Other services include companion plans, employee videos, electronic interfaces with investment funds, electronic savings calculators and non-discrimination correction counseling.
Service area: Nationwide.
Charges: Determined by number of participants, complexity of plan, time and expense, frequency valuations.
Officers: Dan Wintz, executive vp; Kathy McCoy, Carol Gonzalez, Katie Welch, Robb Smith, vps.
Contact: Robb Smith, 402-398-2382.
Meeker Sharkey
Benefit Consultants
14 Commerce Drive, Cranford,
N.J. 07016; 908-272-8100;
fax: 908-709-0414
Staff
Total40
Involved in 401(k) plan services12
Clients
Total100
Receiving unbundled services25
Receiving bundled services75
Average participants/plan50
Minimum participants/plan20
Maximum participants/plan1,000
1996 revenues
Total$1,100,000
401(k) plan administration$600,000
Services began: 1990.
Parent: MSFG Inc.
Software: Purchased from outside vendor, leased from outside vendor, record keeping provided by third party, accommodates 20 investment funds and six types of contributions.
Administration: Cash, unit value and full share accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications. Other services include communication material and Spanish communication.
Service area: Mid-Atlantic, northeast.
Locations: Administrative/consulting offices in Burlington, Piscataway and Wall, N.J.
Charges: Determined by number of participants, complexity of plan, assets under management, time and expense, frequency valuations.
Officers: Ken Spencer, chairman; Gerry Gebauer, president; Pete Gruenburg, executive vp; Ted Munice, actuary; Pete Demers, assistant vp-sales.
Contact: Gerry Gebauer, 908-931-3057.
William M. Mercer Inc.
1166 Ave. of the Americas,
New York, N.Y. 10036; 212-345-7584; fax: 212-345-7423
Staff
Total4,048
Involved in 401(k) plan services450
Clients
Total700
Receiving unbundled services700
Average participants/plan1,600
Minimum participants/plan100
Maximum participants/planUnlimited
Services began: 1981.
Parent: Marsh & McLennan Cos. Inc.
Software: Written and maintained in-house, leased from outside vendor, accommodates unlimited investment funds and unlimited types of contributions.
Administration: Cash, unit value and full share accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, online access, written communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications. Manages investment of 401(k) plan funds through an alliance. Other services include integration of the design and administration of employer 401(k) plans with other elements of a total compensation and employee benefits program, investment manager selection and end-performance measurement services, 401(k) modeling through interactive video or PC diskettes, voice response system and benefit service representatives.
Service area: Nationwide.
Locations: Administrative/consulting offices in 42 locations nationwide.
Charges: Determined by number of participants, complexity of plan, assets under management, time and expense, frequency valuations.
Officers: Timothy J. Lynch, chairman; Vikesh Mahendroo, president; P. Ram Mohan, CFO; Yves Roy, chief information officer.
Contact: Jacqueline D. Dienstag, principal, 847-317-7955.
Merrill Lynch Group
Employee Services
800 Scudders Mill Road, Suite 1G, Plainsboro, N.J. 08536; 609-282-3002;
fax: 609-282-3014
Staff
Total1,000
Involved in 401(k) plan services810
Clients
Total9,800
Receiving unbundled services1,150
Receiving bundled services8,650
Minimum participants/plan1
Maximum participants/planUnlimited
Services began: 1983.
Parent: Merrill Lynch & Co. Inc.
Software: Purchased from outside vendor, accommodates unlimited investment funds and unlimited types of contributions.
Administration: Cash, unit value and full share accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, online access, communication of plan features to employees. Consults on plan design issues, compliance issues, employee communications. Manages investment of 401(k) plan funds. Other services include financial planning, investment management and trust services.
Service area: Nationwide.
Locations: Administrative/consulting offices in Lakewood, Colo.; Plainsboro and Somerset, N.J.
Charges: Determined by number of participants, complexity of plan, assets under management, time and expense, frequency valuations.
Officers: G. Stephen Thoma, senior vp/director-business financial services; Rene Campis, first vp/director-group employee services sales/client service; Donna M. Winn, first vp/director-group employee services marketing/operations; William B. Stanton, Kim M. Evans, vps/directors-group employee services.
MetLife Defined
Contribution Group
1 Madison Ave., Area 2E,
New York, N.Y. 10010; 212-578-3181; fax: 212-578-6765
Staff
Total*43,500
Involved in 401(k) plan services300
Clients
Total1,667
Receiving unbundled services1,000
Receiving bundled services667
Average participants/plan**1,400
Minimum participants/plan1
Maximum participants/planUnlimited
1996 revenues
Total*$23,700,000,000
Services began: 1981.
Software: Written and maintained in-house, software may be used by clients in-house.
Administration: Unit value accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, online access, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications. Manages investment of 401(k) plan funds. Other services include recordkeeping/administration, trustee services, investment management, custom ongoing educational programs and tools and nonqualified deferred compensation.
Service area: Nationwide.
Locations: Administrative/consulting offices in Denver; Atlanta; East Hanover, N.J.
Charges: Determined by number of participants, complexity of plan, assets under management.
Officers: Gary Lineberry, vp.
**Reflects overall figures from the Metropolitan Life Insurance Co. ***Bundled business only.
Mid America Group Inc.
2130 Arch St., Third Floor, Philadelphia, Pa. 19103; 215-545-6000; fax: 215-557-4527
Staff
Total50
Involved in 401(k) plan services26
Clients
Total125
Receiving unbundled services100
Receiving bundled services25
Average participants/plan100
Minimum participants/plan1
Maximum participants/plan5,000
Services began: 1985.
Software: Purchased from outside vendor, record keeping provided by third party for some clients, accommodates 16 investment funds and 10 types of contributions.
Administration: Cash, unit value and full share accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications. Manages investment of 401(k) plan funds.
Service area: Nationwide.
Charges: Determined by number of participants, complexity of plan, assets under management, time and expense, frequency valuations.
Officers: Alvin Block, CEO; Gary Block, president.
Contact: Kal Muchnick, director-marketing.
Milliman & Robertson
1301 Fifth Ave., Suite 3800,
Seattle, Wash. 98101-2605;
206-623-7940; fax: 206-340-1380
Staff
Total350
Involved in 401(k) plan services100
Clients
Total1,373
Receiving unbundled services788
Receiving bundled services585
Average participants/plan200
Minimum participants/plan50
Maximum participants/planUnlimited
Services began: 1983.
Software: Written and maintained in-house, purchased from an outside vendor, accommodates unlimited investment funds and unlimited types of contributions.
Administration: Cash, unit value and full share accounting. Accommodates loan provisions, performs 401(k) and 401(m) non-discrimination tests.
Client support: Daily valuations, toll-free service for account balance inquiries, toll-free service to request account activity, online access, communication of plan features to employees. Consults on legal issues, plan design issues, compliance issues, employee communications. Manages investment of 401(k) plan funds. Other services include retirement benefits outsourcing.
Service area: Nationwide.
Locations: Administrative/consulting offices in San Francisco; Denver; Hartford, Conn.; Washington; Atlanta; Chicago; Indianapolis; Minneapolis; Omaha, Neb.; Albany and New York, N.Y.; Portland, Ore.; Philadelphia; Dallas; Houston; Milwaukee.
Charges: Determined by number of participants, complexity of plan, assets under management, time and expense, frequency valuations.
Officers: Daniel McCarthy, chairman; Robert Collett, president/CEO; L. Jerry Lee, treasurer; Brian Pollack, secretary; Michael Mahoney, national director.
Contact: Lloyd Robinson, director-marketing.