What MJ Retirement does

MJ Retirement is a wholly-owned subsidiary of The MJ Companies (MJ Insurance, Inc.) and provides employer-focused retirement plan consulting, investment advisory, and financial wellbeing program services to mid-to-large plan sponsors across diverse industries including construction, education, healthcare, manufacturing, and financial services. Founded in 1964 and headquartered in Carmel, Indiana, the firm operates as a fiduciary consulting practice offering plan design, vendor searches and benchmarking, investment menu reviews, participant education, and ongoing governance support.

The firm's core technology is APERTURE, a proprietary analytics platform that consolidates plan benchmarking, fee analysis, and investment performance data for plan sponsor clients. APERTURE is SOC 2 Type II certified, providing an enterprise-grade security standard relevant to employer plan data. The product portfolio is delivered under the MJ Benefits+ umbrella and includes Pooled Employer Plans (PEPs), an Employee Resource Center for participant education and on-demand resources, and the reFRAME financial wellbeing education series. The team holds multiple fiduciary and advisory credentials, including AIFA, CFP, CRPS, AIF, and CPA designations, with leadership including CEO Doug Prince, who founded the retirement practice in 1998, and Jeff Prince, who joined in 2010.

The business model is enterprise B2B professional services: quote-based, multi-year advisory engagements with plan sponsors, supplemented by recurring fiduciary fees and AUM-based revenue. Go-to-market is relationship-driven through four regional offices in Carmel/Indianapolis (HQ), Phoenix, Denver, and Nashville, with cross-sell leverage from the parent MJ Insurance agency distribution network. The pricing model is not publicly disclosed, but the structure is consistent with annual retainer-plus-fee economics typical of retirement plan advisory practices.

Name

MJ Retirement

Legal name

MJ Insurance, Inc.

Website

https://mjretirement.com

Company type

Private

Founded year

1964

Operating status

Operating

Short description

MJ Retirement provides employer-focused retirement plan consulting, investment advisory, and financial wellbeing program services to mid-to-large plan sponsors across diverse industries. It operates from Carmel, Phoenix, Denver, and Nashville offices, leveraging its proprietary APERTURE analytics platform and fiduciary credentialed team.

Ownership category

akta.pro rank

Product category

Retirement Plan Consulting

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

akta.pro secondary industry

Retirement & Pension Planning (401(k)/IRA) (FSAEAAAD)

Keywords

• Retirement plan consulting
• Investment advisory services
• Fiduciary governance
• 401(k) plan management
• Financial wellbeing programs

Headquarters

HQ city

Carmel

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Retirement Consulting Services: Professional consulting fees for retirement plan management, fiduciary governance, investment advisory, vendor searches, and plan design services provided to employer clients. Revenue is generated through ongoing advisory relationships with employers sponsoring retirement plans such as 401(k) and 403(b) plans.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

MJ Retirement provides employer-focused retirement plan consulting, fiduciary governance, investment advisory, plan design, vendor search and evaluation, and financial wellbeing program services for 401(k), 403(b), and other corporate retirement plan sponsors. Services are delivered through dedicated retirement plan advisors and client executives using the proprietary APERTURE® analytics platform, with support for pooled employer plans and participant education via the Employee Resource Center.

Product overview

MJ Retirement operates as part of The MJ Companies, one of America's largest privately held insurance agencies founded over 60 years ago. The company offers an integrated portfolio of retirement and employee benefits consulting services under the MJ Benefits+ umbrella. Core offerings include retirement plan management through MJ Retirement (featuring pooled employer plans and fiduciary governance), proprietary analytics via APERTURE®, and specialized services including MagniPhy for pharmacy consulting and MJ Absence Management for leave and absence compliance. The company also provides educational content through the reFRAME platform and serves diverse industries including construction, healthcare, manufacturing, nonprofits, and Japanese-owned businesses. Services are delivered through offices in Indianapolis, Phoenix, Denver, and Nashville.

Differentiator

Problem solved

Functional benefit

Brands

• APERTURE®: Proprietary analytics tool that combines real-time data from multiple sources to provide actionable intelligence through intuitive dashboards for risk management and employee benefits analysis.
• MJ Absence MGMT
• reFRAME
• MagniPhy
• TributaRe

Products and services

• MJ Retirement Consulting Retirement plan consulting services for employers sponsoring 401(k), 403(b), and other corporate retirement plans, covering fiduciary governance and oversight, investment advisory, retirement plan design, vendor searches, and financial wellbeing programs.
• Pooled Employer Plans Group retirement plan structure allowing multiple employers to participate in a single 401(k) plan for shared administrative efficiencies and reduced costs.
• MJ Retirement Employee Resource Center Online resource hub providing retirement planning webinars, educational content, and access to retirement advisors for retirement plan participants.
• MJ Absence Management Leave and absence management service specializing in reducing health and productivity costs, ensuring compliance with state and federal regulations, and enhancing employee wellbeing.
• TributaRe Japanese-specific captive insurance solution designed to control risk, enhance coverage customization, and reduce costs for Japanese-owned businesses operating in the U.S.

Quantifiable outcome

• Top Retirement Plan Advisor Team recognition in 2010 by PLANSPONSOR magazine
• +1 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• ITR EconomicsminorStrategic or Co-development PartnerPartnership with ITR Economics for economic outlook content and forecasting. Connor Lokar, economist at ITR Economics, provides forward-looking economic analysis for MJ's webinar programming including Future in Focus economic outlook sessions, helping translate economic data into practical guidance for organizational strategy.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Mercer (Marsh McLennan): Global consulting leader with a large U.S. retirement and investment business advising plan sponsors on fiduciary, investment, and benefits strategy. Overlaps with MJ Retirement in investment advisory and plan design, but operates at significantly larger scale and global reach.
• USI Insurance Services: Large U.S. insurance broker with a national retirement plan services practice. Comparable to MJ Retirement in employer-sponsored retirement consulting and benefits integration, but with broader risk management and P&C offerings.
• Lockton Companies: Largest privately held insurance broker in the U.S. with a strong retirement services practice. Competes with MJ Retirement for mid-to-large employer retirement mandates and offers integrated benefits consulting, but at meaningfully larger scale.
• Hub International Limited: Large North American insurance brokerage with retirement and benefits consulting practices serving mid-market and large employers. Directly comparable on multi-office U.S. footprint and integrated employer benefits sales motion, though retirement is one of many service lines.
• Brown & Brown, Inc. Large publicly traded insurance brokerage with a significant retirement and employee benefits consulting division. Competes with MJ Retirement for mid-to-large employer plan sponsors but also operates a broad P&C and benefits portfolio beyond retirement.

Direct peers

• CAPTRUST: One of the largest independent U.S. retirement plan advisory firms, serving 401(k), 403(b), defined benefit and executive comp plans for mid-to-large employers. Directly comparable to MJ Retirement in target market, fiduciary advisory model, and fee-based consulting revenue.
• EPIC Insurance Brokers & Consultants: U.S. insurance and benefits brokerage with a dedicated retirement and financial wellness practice. Closely comparable to MJ Retirement in mid-market employer focus, multi-office regional presence, and integrated benefits/retirement consulting model.
• Holmes Murphy & Associates: Privately held insurance broker and benefits consulting firm with a dedicated retirement advisory practice. Comparable to MJ Retirement in multi-office U.S. presence, integrated benefits/retirement sales motion, and mid-market employer focus.
• OneDigital: A large U.S. insurance, benefits and retirement advisory firm with a national footprint and integrated consulting model. Mirrors MJ Retirement's MJ Benefits+ approach by combining retirement, benefits, and wellness under one roof, and is a direct competitor for mid-to-large employer plan sponsors.
• SageView Advisory Group: Independent retirement plan advisory firm serving corporate, government, and Taft-Hartley plans with investment advisory and consulting services. Highly comparable to MJ Retirement in mid-market focus, fee-based fiduciary model, and institutional plan sponsor clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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• LinkedInlinkedin.com/company/mjretirement
• Instagraminstagram.com/the_mj_companies

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MJ Retirement