MassMutual Retirement Services Offers ‘Concierge Service’ to Help Nonprofit Clients Consolidate Assets
Over the last 10 months, MassMutual's "concierge" service has helped more than 1,800 participants across 57 403(b) plans bring assets under their current 403(b) plan administered by MassMutual. In addition to helping participants gain a more holistic view of their retirement savings, the consolidation helps plan sponsors simplify their Form 5500 filing and audit requirements.
"We're hearing a lot of positive feedback from our plan sponsors that working with MassMutual's 'concierge' service team made consolidation easy and seamless for their employees," says
"Regulatory changes in the 403(b) retirement plan market have put more pressure on plan sponsors to meet their fiduciary obligations. Likewise, participants are seeking a safe haven for their retirement plan assets. We're confident our long-term financial stability and commitment to the nonprofit retirement plan market have positioned us as a leading provider among advisors and plan sponsors who seek to simplify the management of their 403(b) plan," adds Jordan.
"MassMutual strives to be a step ahead and we are proud of the nonprofit expertise and resources we bring to the table," says
For more information about MassMutual Retirement Services, please contact your retirement plan advisor or call MassMutual at (888) 626-4911.
About MassMutual
MassMutual's
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.
For more information, visit massmutual.com.
Copyright © 2010 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001. All rights reserved.
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