Products April 30, 2007

MassMutual Announces Bundled Solution for Small DC Market

April 30, 2007 (PLANSPONSOR.com) - MassMutual Retirement Services' retirement bundled plan solution is aimed at helping small defined contribution plans get the greatest level of participation and savings level possible, according to the company.
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MassMutual PlanSmart – for plans with $1 million to $5 million in assets – is meant to simplify plan administration by bundling services, according to a news release.

The announcement said the solution also includes:

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  • Investments from MassMutual’s investment platform including its Premier and Select options as well as retail and target maturity funds.
  • Plan sponsor and participant tools such as 24/7 online account access and signature-ready Form 5500s.
  • Behavior-based participant education and communication tools.
  • MassMutual’s RetireSmart suite of automatic services including automatic enrollment, automatic deferral increase and automatic asset allocation.  

More information is at http://www.massmutual.com/retire .

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