MassMutual Hosts 'Way to Win' Conference for Third-Party Administrators

Jun 10, 2010, 14:55 ET from MassMutual Retirement Services

SPRINGFIELD, Mass., June 10 /PRNewswire/ -- MassMutual's Retirement Services Division recently hosted its 2010 National TPA Conference for third-party administrators (TPAs) in the MassMutual network. The conference theme, "Way to Win," captures MassMutual's long-standing commitment to helping its select network of third-party administrators grow their business by leveraging the resources provided by MassMutual to TPAs on behalf of sponsors and participants.

Elaine Sarsynski, executive vice president of MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC, delivered the keynote address and strategic outlook. "Third-party administrators are valued more than ever in today's service-driven market and the growth opportunity for TPAs is tremendous. MassMutual is doing its utmost to help TPAs seize the opportunities to grow their business," said Sarsynski.

Hugh O'Toole, senior vice president of sales and client management, reiterated MassMutual's support of the TPA channel. "MassMutual has been working with TPAs for more than 30 years. We heard time and time again from TPAs attending this conference just how much they appreciate our understanding of their business," states O'Toole. "Each distribution channel has unique strengths and resource needs – and each brings a unique value to the sponsor and the participant. Our dedicated TPA service model underscores our commitment to helping TPAs be as successful as they can be," adds Mike McKenzie, corporate vice president and head of operations for MassMutual's Retirement Services Division.

Feedback from third-party administrators indicates MassMutual is delivering on its promises to TPAs. "This event inspired me more than any other event I have ever attended with any provider," says John Cotterman, QPA, QKA, KB Pension Services, Inc. Sarasota, Fla. "MassMutual's support and innovation are on track to rival and exceed the competition, and the interaction with other TPA business owners is invaluable. The brainstorming sessions revealed only the tip of the iceberg and I look forward to much more of this interaction at future events. It was a great conference and I appreciate the opportunity to attend," he adds.

Guest speakers at MassMutual's TPA Conference included Jim Craig, goalie and gold medalist from the 1980 USA "Miracle on Ice" Olympic hockey team, who addressed attendees on team-building and strategies to achieve peak performance.

More than 60 third-party administrators nationwide attended the conference. "The response from the TPAs who attended this conference was phenomenal," says O'Toole. "The common view expressed throughout the event was that MassMutual really understands the TPA business and the value TPAs bring to plan sponsors and participants. We couldn't agree more."

For more information about MassMutual's TPA Alliance, please contact your advisor or call MassMutual at 1-866-444-2601

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


SOURCE MassMutual Retirement Services