A press release said the new platform will include a suite of enrollment, transition and investment change materials in a variety of
themes. Plan sponsors will have the option to choose from a menu of options to
support the theme best suited to their own participant population.
The RetireSmart participant engagement platform will be
phased in to all existing and new retirement plans administered by MassMutual
beginning in the second quarter of 2010, the announcement said.
Highlights of the RetireSmart participant engagement platform include:
- Streamlined, action-oriented enrollment, transition and investment change materials focus on helping participants take smart, targeted steps toward their retirement goals. The materials provide participants with information they need to take appropriate action.
- A variety of images that provide plan sponsors with choice, flexibility and relevance to their specific participant population.
- An enhanced process that delivers investment profiles along with enrollment, transition and investment change materials, and the ability to include optional forms, plan highlights, and required notices.
- Additional support for plan sponsors to help them meet some of their ERISA 404(c) responsibilities.
The launch of the participant engagement platform builds
on the company’s RetireSmart participant education theme, which includes
RetireSmart Academy, a participant education Web site introduced earlier this
year (see MassMutual Adds Education Content to Web Site).
Further information about MassMutual’s participant engagement platform is available at https://wwwrs.massmutual.com/rsstaticfiles/retire/pdffolder/rs4416.pdf. To tour MassMutual’s RetireSmart Academy, visit http://retiresmartacademy.massmutual.com/sites/mm.
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