401k Plans: MFS

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Atlantic Financial Encompass | Nationwide Best of America | Putnam | National Financial | MFS

MFS

Immediate Participation	Yes
Allows Contributions of 1- 15% employee pre tax	Yes
Allows corp. match	Yes
Optional Employer Profit Sharing Contributions	Yes
Employee Directed Investments	Yes
Number / Type of Investment options	35 funds from the MFS family of funds
Information on individual allocation checks	Yes 24 hour automated, live reps 9-5 EST
Investment option measurements	All funds in all accounts are monitored by Atlantic Financial. Monitoring includes quarterly review and performance analysis. Atlantic Financial uses several tools including Morningstar and Lipper, we also require annual reports from mutual fund companies detailing fund or management charges, any changes in fund prospectus, and any change in status of the fund company. We also periodically review each participant’s financial situation in an effort to ensure that their financial goals continue to be a match for their selected funds.
Loans are permitted	Yes
24 Hour Phone Service	Yes
Internet Access	Yes
Quarterly Account Statements	Yes
Hardship Withdrawals	Yes
Account Valuation	Daily
Separate Individual Accounts or omnibus pooled account	Separate
Administration / Recordkeeping Services and Costs	Third Party Administration. MFS recommends Siegel and Associates of Pennsylvania *Siegel’s charges are as follows:* Plan Implementation: $650
Administration / Recordkeeping Services and Costs (continued)	Ongoing Administration: $700 + $17 per participant* *This fee includes all administration and recordkeeping services.
Investment Costs	Funds are available in front or back end load. In addition to administration: $500 setup + $500 per year Distribution: $12.50 Loan: $12.50 (+annual loan maintenance fee of $12.50)
Enrollment Costs	None
Comments Miscellaneous information/ Restrictions / Benefits/ Drawbacks	Contribution data must be in electronic form by e-mail or by disk included with check or wire.