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MMA IRA

Invest in your tomorrow with an Individual Retirement Account from Marsh McLennan Agency (MMA).

Whether rolling over an existing retirement account or opening a new one, Marsh McLennan Agency's Individual Retirement Account (IRA), or MMA IRA, is a seamless, low-cost service for your retirement savings. Check balances, change investments, view transaction history, and more – all in one place. And unlike other providers, our fee schedule is clear, honest, and easy to understand. Stay in the driver's seat of your financial future with MMA IRA.

A stress-free approach to retirement savings

Investing in your future is no small task. MMA IRA takes the guesswork out of evaluating your retirement options. Here’s why MMA IRA is the right IRA for you:

  • Rollover and new IRA options
  • No minimum account size – all savings are welcome
  • Easy-to-understand fee schedules
  • 24/7 online access

Let's get started

Whether you’re rolling over or just getting started on your retirement journey, MMA IRA is here to help you save.

Sign Up

MMA IRA Offerings

Diversify your investments, review your retirement strategy, and gain a clearer understanding of your goals with MMA IRA. Start investing today and take advantage of these key benefits.

Professionally screened investments

Morningstar Investment Management, a registered investment adviser and subsidiary of Morningstar, Inc., helps diversify your investments. They carefully screen thousands of mutual funds and ETFs to select what they believe are top-performing options for your IRA.

Investment advice

Review your retirement savings strategy anytime with our Investment Advice Engine, powered by Morningstar Investment Management. Our online investment questionnaire helps you make well-informed decisions as you invest your hard-earned savings.

Retirement readiness report

Morningstar Investment Management provides an annual report that guides you through future retirement savings and investment decisions. This report is designed to give you a roadmap that helps you meet your retirement goals.

Frequently Asked Questions

To open an account, visit our sign up page.

  1. Enter identifying information;
  2. Enter beneficiary information (you will need the Social Security numbers, addresses, and dates of birth for beneficiaries), or you can skip this section and enter it later;
  3. Identify where the money is coming from to fund the account;
  4. Customize your account security information.

You will be prompted to log into your account and electronically sign account documents. Once the money arrives in your account, you will receive an email allowing you to log in and customize your investments.

The type of account you open depends on several factors. If you are moving funds from an existing IRA to an MMA IRA, you will want to select the same type of IRA. For example, if you are transferring funds from a traditional IRA, you should open a traditional IRA, and a Roth IRA should go to a Roth IRA.

If you are transferring your investments from a retirement plan like a traditional 401(k) or if your entire retirement balance was a result of you and your employer’s pre-tax contributions, you should open a traditional IRA. 

However, if your contributions were made after-tax (no reduction to your taxable income) in a Roth source, you will need to open a Roth IRA. If the employer also made contributions to your account, you will need to open a separate traditional IRA or work with your employer to convert those employer contributions to a Roth so that you can move all funds into one Roth account with us.

Still unsure? This is an important, complex question. We encourage you to contact your legal and tax advisors for clarification. 

When your money arrives, it’s invested in a money market account. You will receive an email prompting you to log into your account and review your initial allocation. If you want to change that allocation, go to the Manage tab and select Change Investment Strategy. You will have the option to choose between:

  • Ongoing Professional Advice – Receive customized advice on your portfolio by selecting the Get Advice icon which will direct you to the Morningstar advice engine. You can accept or reject the advice. If you accept the advice, your account will automatically update with the new allocation.
  • Do-It-Yourself – Select your allocation from the funds available in the MMA IRA. You can change it as often as you like, at no additional charge, by selecting the I will choose my own allocation icon.

We recommend you log into your account periodically to review your investment allocation, ensuring you stay on track to meet your goals.

Note: There are no additional fees for changing your allocation.

You can access your account securely online 24/7, by logging in with the username and password you created when setting up your account.

If you forget your password, go to the login screen and select the forgot username/password link, and your username and a new password will be sent to your email address.

Absolutely. To add to your account, log in, select the Manage tab, select Make a Contribution and follow the instructions. That contribution can be a transfer from another IRA, a rollover from a retirement account, or come directly from your bank account.

Yes, it is strongly recommended that you select a beneficiary(ies) as soon as possible. You can always make changes later. By designating a beneficiary(ies), your IRA will be immediately controlled by that beneficiary(ies) upon your death. If a beneficiary is not designated, no longer alive, or if we cannot locate any of the named beneficiaries after a reasonable search, the account will be paid in the order of priority:

  1. Surviving spouse; 
  2. Children, including adopted children in equal shares (and if a child is not living, that child’s share will be distributed to that child’s living descendants; 
  3. Surviving parents, in equal shares;
  4. Or estate. 

Note: The beneficiary(ies) or executor of the estate will be required to provide a copy of a death certificate to start the process. Please consult your legal and tax professionals for advice specific to your situation.

You always have complete control of your MMA IRA account. However, if you choose to withdraw funds, as with any qualified retirement account, you may be subject to taxation and potential penalties.

The easiest way to exercise any of your withdrawal options is to log into your account, go to Manage, and select Withdraw Funds. Complete and electronically sign an online distribution request.

Note: After you complete the process, funds may take up to 10 business days to arrive at your requested location.

Click here to view our Form ADV Part 2A Brochure for Services to Employer-Sponsored Retirement Plans.

Click here to view our Form ADV Part 2A Brochure for MMA Prosper WiseSM Services.

Click here to view our Form ADV Part 2A Brochure for Personalized Advisory Services.

We are providing this information to you in our capacity as financial professionals with knowledge and experience in the insurance and securities industries, and not as legal or tax advice. The issues addressed may have legal or tax implications to you, and we recommend you speak with your legal counsel and/or tax advisor before choosing a course of action based on any of the information contained herein. 

Changes to factual circumstances or to any rules or other guidance relied upon may affect the accuracy of the information provided. Marsh & McLennan Agency LLC is not obligated to provide updates on the information presented herein. This website is solely for informational purposes.

Securities and investment advisory services offered through MMA Securities LLC (MMA Securities), member FINRA / SIPC, and a federally registered investment adviser with its main office at 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Investment advisory services additionally offered through MMA Asset Management LLC, a federally registered investment adviser with its home office at Eight Tower Bridge, Suite 1200, Conshohocken, PA 19428. Phone; (610) 684-3200. Variable insurance products distributed by MMA Securities LLC, CA OK 81142. Marsh & McLennan Insurance Agency LLC, MMA Securities LLC, and MMA Asset Management LLC are affiliates owned by Marsh & McLennan Companies. Investment advisory services for MMA Prosper WiseSM are offered solely as a registered investment adviser through MMA Securities. Certain of the investment adviser representatives of both MMA Securities and MMA Asset Management LLC are additionally registered representatives of MMA Securities.

Morningstar Investment Management LLC is a registered investment adviser and subsidiary of Morningstar, Inc. The Morningstar name and logo are registered marks of Morningstar, Inc. Morningstar Investment Management is not affiliated with Marsh & McLennan Companies or any of its subsidiaries. 

A copy of our written disclosure statement discussing our advisory services and fees is available for your review upon request. Please consult a tax professional for specific tax inquiries and recommendations. Advisory services are only offered to clients or prospective clients where MMA Securities and/or MMA Asset Management, and its representatives, are properly licensed and registered, or are exempt from licensure and registration requirements. Past performance is no guarantee of future returns and investing involves risk and possible loss of principal capital. No investment advice may be rendered unless a client agreement is in place. 

d/b/a in California as Marsh & McLennan Insurance Agency LLC; CA Insurance Lic: 0H18131. 
 
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