MassMutual Adds $113+ Million Taft-Hartley Retirement Plan

SPRINGFIELD, Mass., Jan. 4, 2011 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by the United Association (UA) Local Nos. 14 and 24 as the new provider for their merged Taft-Hartley annuity plan. The plan has more than $113 million in assets under management and approximately 1,520 members.

UA Local Nos. 14 and 24, based in Lodi, N.J., represent plumbing trade professionals in the state of New Jersey. Signatory contractors employ Local 14 and 24 members in many different construction applications and they work in the pharmaceutical, commercial, residential, and heavy industrial sectors of the construction industry.

"We are very pleased to have selected MassMutual as the new provider for the merged Annuity Fund of Locals 14 and 24. We are confident in our decision as MassMutual has been providing quality service to our Local 14 members for years. The transition of Local 24 on to the MassMutual platform to merge with Local 14 went smoothly and professionally," says Eric Boyce, Business Manager, UA Locals 14 and 24. "The Trustees and participants are excited about the enhanced investment line-up, administrative services, education program and proactive staff.  I strongly recommend other Trustees that seek a dedicated and tenured client service staff and robust retirement plan offering to select MassMutual. Trustees and plan participants will experience an enhancement in this very important benefit that is provided to your membership," Boyce adds.

"MassMutual is very pleased to welcome the UA  Local Nos. 14 and 24 Annuity Fund as a valued new Taft-Hartley retirement services client, and we look forward to helping its hard-working members plan and save for retirement," says Scott Buffington, national sales manager for MassMutual's Taft-Hartley market segment. "We are committed to delivering value and service excellence to the Trustees and members of UA Locals 14 and 24."

MassMutual has been serving the Taft-Hartley retirement plan market for more than 40 years.
For more information about MassMutual's Taft-Hartley retirement services, please contact your retirement advisor or contact Ken Pouch, Managing Director, Taft-Hartley Sales, at MassMutual (413) 744-5523.

About MassMutual

MassMutual's Retirement Services Division has been serving retirement plans for more than 60 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately 1.2 million participants.

Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders.  The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

For more information, visit massmutual.com.

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SOURCE MassMutual Retirement Services