Products June 12, 2009

Psychiatric Care Facility Taps MassMutual as Bundled 403(b)/DB Provider

June 12, 2009 (PLANSPONSOR.com) - MassMutual's Retirement Services Division has been selected by The Austen Riggs Center, based in Stockbridge, Massachusetts, as the new full-service provider for the company's $7 million defined benefit plan, as well as its $5 million 403(b) plan.
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“This consolidation provides a tremendous opportunity for Austen Riggs to tap MassMutual’s nonprofit expertise while gaining efficiencies with a single provider for both our defined contribution and defined benefit plans,” said Chauncey Collins, director of operations, Austen Riggs, in a press release. Collins praised MassMutual’s employee communications platform and educational materials

The Austen Riggs Center is a not-for-profit, open psychiatric continuum of care facility specializing in the psychotherapeutic treatment of psychiatric disorders and has offered long-term residential and hospital-level psychiatric treatment for 85 years.

For more information about MassMutual’s retirement services for the nonprofit market, contact M. Palmer Whitney, national managing director for MassMutual’s nonprofit market at (888) 626-4911, or visit www.massmutual.com/retire .

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