Products May 1, 2007

MassMutual Releases Small Plan Bundled Solution

MassMutual Retirement Services' new PlanSmart is a bundled plan solution for plans with $1 million to $5 million in assets, the firm announced.
Reported by
The new program is meant to simplify plan administration and help small defined contribution plans get the greatest level of participation and savings level possible.
A news announcement said the solution also includes:
  • 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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