MMC 401(K) SAVINGS AND RETIREMENT PLAN

Plan Contact

  • Address: 8150 BEVERLY BOULEVARD,LOS ANGELES,CA
  • Contact person: FIDUCIARY SERVICES
  • Phone: (818) 878-0400

Plan General Information

MMC 401(K) SAVINGS AND RETIREMENT PLAN Total Retirement Plan Assets

At the end of 2023, the total retirement plan assets of MMC 401(K) SAVINGS AND RETIREMENT PLAN is $77,718,891.00.This plan was established in 1997.

MMC 401(K) SAVINGS AND RETIREMENT PLAN Total Number of Retirement Plan Participants

At the end of 2023, the total number of retirement plan participants in MMC 401(K) SAVINGS AND RETIREMENT PLAN is 2145

MMC 401(K) SAVINGS AND RETIREMENT PLAN Average Participant Retirement Account Value

In 2023, the average participant retirement account value for MMC 401(K) SAVINGS AND RETIREMENT PLAN is $36,232.00

MMC 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employee Contribution Amount

In 2023, the estimated average employee contribution amount per participant for MMC 401(K) SAVINGS AND RETIREMENT PLAN is $2,695.00.

MMC 401(K) SAVINGS AND RETIREMENT PLAN Estimated Average Employer Match

In 2023, the estimated average employer match for an employee in MMC 401(K) SAVINGS AND RETIREMENT PLAN is approximately $1,414.00
Investing in this additonal $1,414.00 for 20 years would give you extra $90,542.00, assuming a 10% annual return.

MMC 401(K) SAVINGS AND RETIREMENT PLAN Total Employer Contribution and Match Rate

In 2023, MMC 401(K) SAVINGS AND RETIREMENT PLAN allocates $3,034,573.00 to match its employees' contributions, providing an employer match rate of 58.13% of their contributions

MMC 401(K) SAVINGS AND RETIREMENT PLAN Total Retirement Plan Asset Growth Rate

In 2023, the total retirement plan asset growth rate of MMC 401(K) SAVINGS AND RETIREMENT PLAN is 29.18%.

MMC 401(K) SAVINGS AND RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2023, the estimated aggregate retirement account investment gain/loss for MMC 401(K) SAVINGS AND RETIREMENT PLAN is 20.97%. This measures the effectiveness of the plan participants' investments in the year.

MMC 401(K) SAVINGS AND RETIREMENT PLAN Expense Ratio

In 2023, the investment and administrative expense ratio of MMC 401(K) SAVINGS AND RETIREMENT PLAN is 0.68%.

Enrollment Features

MMC 401(K) SAVINGS AND RETIREMENT PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

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