The combined assets added to MassMutual’s platform from UCP of NYC’s retirement plans total $42 million.
“MassMutual’s ability to support UCP of NYC’s 403(b), 401(k), and defined benefit retirement plans from a fully automated services platform made them a clear choice,” said Edward Matthews, chief executive officer of UCP of NYC.
“In addition to strong total retirement services capabilities, UCP of NYC was also looking for a recordkeeper that could provide high quality communication and education programs for the multi-location organization,” said Mark Spivack of The Weiss Group, who assisted UCP of NYC with the search for a new retirement plan provider.