MMA: Insurance & Benefits: 401(k)

Insurance & Benefits

401(k) Retirement Plans

Partner: Freedom One logo MMA’s FREEDOM 401(k) program is one of the most comprehensive 401(k) plans available. For companies seeking the best in 401(k) plans, Freedom One Financial Group stands apart in the 401(k) field with its proven record of superior service, notable investment philosophy and management process combined with a "partnership" approach to addressing each client's unique needs and fiduciary responsibilities.

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Freedom 401(k) Market Update
(January 24, 2008)

Why Clients Value Freedom One’s Services

Successful employee education process
Co-fiduciary protection
Superior and unbiased investment process and philosophy
Competitive fees
18 years of retirement planning experience focused solely on providing the best possible 401(k) plan and services
Comprehensive service and administrative process with only one number to call for all your 401(k) plan needs
A Client Relationship Manager assigned to each plan who regularly meets with clients to ensure 100% satisfaction

Freedom One Investment Advisors become your plan's registered investment advisor and a co-fiduciary. By contractually agreeing to be a fiduciary to each plan, Freedom One Investment Advisors reduces the plan sponsor's personal liability, as well as the financial and legal exposure.

Most employers do not realize the Department of Labor requires the plan sponsor to evaluate their investment options on a regular basis and document their findings. Freedom One accepts, in writing, the responsibility for the investment selection, monitoring and documentation of these processes. Freedom One receives no compensation from the investments our clients utilize; we employ a "revenue neutral" delivery model. All compensation from investment options is credited to the client's plan. This philosophy and process enables Freedom One to serve as an independent, unbiased investment advisor and co-fiduciary to their clients. This is unique in the 401(k) plan industry.

Freedom One employs a state-of-the-art employee education process. A minimum of 45 minutes is spent with each newly eligible employee to ensure they are properly educated on their 401(k) plan, as well as how much they should be investing for a successful retirement. This level of individual employee attention continues for the life of your plan.

For more information, please contact Insurance & Benefits at 800-842-6513.

How do MMA’s insurance dividend programs work?

MMA offers a dividend program on its workers’ compensation and commercial package policies through Amerisure. Each year, depending on market conditions and plan experience rates, dividends may be issued to plan participants based on earned premium. Payouts of $800,000 were made in 2001, and total more than $17 million over the past 11 years. Commercial package dividends have averaged 14%, and workers’ compensation 9%, for the 15 years the program has been in effect.

What does MMA do to keep insurance rates down?

The group buying power of nearly 3,000 companies means that members of MMA can take advantage of more competitive insurance programs and rates. MMA, in partnership with its service providers, works to hold rates as low as possible through excellent program management and aggressive loss control initiatives. MMA’s life insurance program rates, for instance, have not increased for the past 14 years.

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Insurance & Benefits

401(k) Retirement Plans

Why Clients Value Freedom One’s Services

How do MMA’s insurance dividend programs work?

What does MMA do to keep insurance rates down?

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