MMC Benefits Handbook
Administrative Fees
Effective August 14, 2024, a monthly administrative fee is charged to all Plan participants in order to pay the expenses of the Plan's recordkeeper, Alight. For 2025, the amount of this fee is $1.63 per month and it is directly deducted from participant accounts. The amount is subject to change in the future.
Other Plan administrative expenses (such as trustee, consulting, auditing and legal fees) are generally paid by the Company.