MassMutual Adds $51+ Million Taft-Hartley Retirement Plan

Jan 14, 2010, 17:57 ET from MassMutual Retirement Services Division

SPRINGFIELD, Mass., Jan. 14 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by the United Association Local No. 614 Pension Fund as the new provider for its Taft-Hartley retirement plan. The plan has more than $51 million in assets under management and approximately 2,000 members.

The UA Local No. 614, based in Memphis, Tenn., represents steamfitters, pipefitters and HVAC trade professionals in Tennessee, northern Mississippi and eastern Arkansas.

"We are very happy with our selection of MassMutual as the new provider for our multi-employer defined contribution plan," says Robert Sproles, Jr., business manager, United Association Local No. 614. "MassMutual has made the transition to our new daily valued plan smoothly and professionally. The trustees and participants are excited about the online services and training now available through MassMutual's participant website. The professionals at MassMutual are committed to customer satisfaction and service, all at a reasonable cost. MassMutual's experience with Taft-Hartley multi-employer plans has contributed to a most effortless transition, and I strongly recommend that plan trustees who oversee an annually valued, trustee-directed defined contribution plan follow the lead of UA Local 614," adds Sproles.

"MassMutual is so pleased to welcome UA Local No. 614 as a valued new Taft-Hartley retirement services client, and we look forward to providing the resources to help its hard-working members plan and save for retirement," says Scott Buffington, national sales manager for MassMutual's Taft-Hartley market segment. "We are committed to delivering value and service excellence to the trustees and members of UA Local 614."

MassMutual has been serving the Taft-Hartley retirement plan market for more than 30 years. For more information about MassMutual's Taft-Hartley retirement services, please contact your retirement advisor or contact Ken Pouch at MassMutual, (413) 744-5523 or (888) 626-4911.

About MassMutual

MassMutual's Retirement Services Division has been serving retirement plans for more than 60 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 one million participants.

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 every year 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 Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] 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, Inc., member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

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Contact: Lisa Reilly

(413) 744-0589

SOURCE MassMutual Retirement Services Division