SPRINGFIELD, Mass., Nov. 1, 2012 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected as the new retirement plan provider for The Western States Insulators & Allied Workers Individual Account Plan covering 11 Western States. The Western States Insulators & Allied Workers Individual Account Plan is a defined contribution plan with more than $203 million in assets under management and serves over 5,700 union members employed in the Heat and Frost Insulator industry.
"As we performed our due diligence, MassMutual stood out as the premier candidate among their peers," says Russ O'Brien, plan administrator for The Western States Insulators & Allied Workers Individual Account Plan. "It was their strong commitment to the Taft-Hartley market, exceptional service team and educational specialists and the well known MassMutual name that resulted in their selection. We look forward to working together with MassMutual to assist our participants in building their retirement future," adds O'Brien.
"MassMutual is pleased to welcome The Western States Insulators & Allied Workers Individual Account Plan as a valued new Taft-Hartley retirement services client," says Scott Buffington, national sales manager for MassMutual's Retirement Services Division. "We remain committed to helping union labor meet their retirement needs and will continue to increase our resources to support this growing market," adds Buffington.
MassMutual's Retirement Services Division has been serving the Taft-Hartley retirement plan market for more than 50 years, providing defined contribution, defined benefit and investment services to a total of 87 Taft-Hartley clients with more than $7.1 billion in assets under management and 239,000 members. For more information about MassMutual's Taft-Hartley retirement services, please contact your retirement advisor or contact Doug DeNigris, Taft-Hartley national practice leader, at MassMutual (978) 430-4602.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual's Retirement Services Division has been serving retirement plans for 65 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately 1.6 million participants.
For more information, visit www.massmutual.com or find MassMutual on Facebook, Twitter, LinkedIn, YouTube and Google+. For information regarding MassMutual's Retirement Services Division, you may also visit massmutual.com/retire or find us on Facebook.com/retiresmart and YouTube.com/retiresmart.
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Contact: Jessica Barry
SOURCE MassMutual Retirement Services