SPRINGFIELD, Mass., Oct. 16, 2013 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by Schafer Cullen Capital Management, Inc. as the new recordkeeper for the company's 401(k) retirement plan.
Founded in 1983 and headquartered in New York, N.Y., Schafer Cullen Capital Management, Inc. is an employee-owned investment manager primarily serving high-net-worth individuals and corporations. It also manages accounts for pension and profit-sharing plans, other pooled investment vehicles, institutions and charitable organizations.
"Schafer Cullen Capital Management, Inc. sought a retirement plan provider that offers strong educational resources, high-touch service and is easy to do business with," says Jeff Battaglia, chief financial officer with Schafer Cullen Capital Management, Inc. "MassMutual's demonstrated strengths in these areas were important in our selection as our new retirement plan provider. MassMutual has delivered a smooth plan transition for us and we look forward to working together to help every participating employee as they plan and save for retirement," adds Battaglia.
"MassMutual is pleased to welcome Schafer Cullen Capital Management, Inc. as a valued new retirement services client," says Elaine Sarsynski, executive vice president of MassMutual's Retirement Services Division and chairman of MassMutual International LLC. "We look forward to demonstrating to Schafer Cullen Capital Management, Inc. and its employees that MassMutual offers world-class service when it comes to retirement services," adds Sarsynski.
For more information about MassMutual's Retirement Services Division, please contact your financial professional or call MassMutual at 1-866-444-2601.
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 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.
MassMutual's Retirement Services Division has been serving retirement plans for more than 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 3 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