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.

MassMutual PlanSmart Рfor plans with $1 million to $5 million in assets Рis 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 .

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