PRODUCT HIGHLIGHTS – First Union, MassMutual in Alliance…Search401k Debuts

July 12, 2000 ( - A quick overview of new product and service developments:
First Union, MassMutual in alliance

First Union Capital Management and MassMutual Retirement Services have formed a strategic alliance that will offer enhanced services to about 850 defined benefit retirement plans that are clients of First Union, Reuters reported.

First Union will market and distribute the product, named Comprehensive Pension Resources (CPR). MassMutual will provide operational support including actuarial services, recordkeeping and online education and planning services.

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.

First Union will be responsible for relationship and investment management trustee services, benefit payments and the operation of a call centre. debuts announced the launch of its 401(k) plan rating service for financial advisers. The Web site allows financial advisers to conduct searches for 401(k) plan providers for their business clients.

The patented technology seeks to cut down the time it takes financial advisers to find the appropriate service providers. The service is free for the advisers. The site is at .