Page 4 - NovDefComp
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underperformed. Jeff re-enforced the importance of a
diversified portfolio with Asset Class Returns (page 5).
Unemployment remained low. Most sectors and indexes
were up, with the exception of Energy. The Fixed Income
area saw good growth in both U.S. Corporate Investment
Grade and High Yield. Funds in the County portfolio
were largely strong and satisfactory, with the exception
of American Funds Growth and Wells Fargo Small
Company Growth.
4. Review of Quarterly Plan Information Bob Gleason summarized the quarterly plan summary.
Total Plan assets rose by 3% from $481M to $495M.
Loan balances decreased by 2% and loan amounts
dropped from $712K to $490K although the number of
loans crew slightly. Expenses also decreased with the
5.5bp fee from $91K to $71K. Number of total plan
participants grew by 2% and average percentage grew
by 1%. Total visits to the website also grew by 3%. Bob
briefly called out the balances by investments for the
457(b), 401(a) and OBRA funds. Jay asked that
diversification figures include a breakout of participants
in one option to include TDFs.
Rollouts continue to be high at $5.3M.
Toll Free calls of unique individuals totaled 143 while
website interactions totaled 19,475.
Patrick also added his information on contacts including
both group (137 individuals) and face-to-face (115
individuals) meetings during the quarter.
5. Review of Survey Results Bob summarized the April Survey results. 735 individuals
responded although it was clear that the reminder notice
had a very positive impact on the response rate overall.
Only 1/3 of respondents have called MassMutual but the
vast majority were satisfied or very satisfied with the
results of their calls. Less than 14% of employees
attended Retirement Education Specialist meetings
which offers an opportunity for improvement.
The results of the survey will be discussed again at the
Special Retreat scheduled for November.
6. Presentation of Holistic Financial Review; Bob showed two videos, a 2 minute and 7 minute
Map My Benefits Tool overview of a new tool that is intended to bring together
