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:
- 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 .