SPRINGFIELD, Mass., Jan. 28, 2014 /PRNewswire/ -- For the third year in a row, MassMutual's Retirement Services Division has been recognized as a champion for its defined benefit (DB) and defined contribution (DC) investor statements according to DALBAR's 16th annual Trends and Best Practices in Investor Statements report.
In the recently released report, MassMutual's DB and DC investor statements earned DALBAR's 'Excellent' designation, while the firm's DB statements garnered a first place ranking.
According to DALBAR, MassMutual's DB and DC financial statements adhere to the 5 C's of user-friendly financial communication:
- Clarity that allows consumers to easily understand the information being provided
- Content that is comprehensive, detailed and useful
- Choices that empower consumers in making financial decisions to accomplish their goals
- Customer Service that promotes a positive relationship with the firm
- Creative Design that supports all communication with appropriate visual elements
"The retirement plan statement is one of the most valuable tools available to help participants track their progress as they save toward a comfortable retirement," says Elaine Sarsynski, executive vice president of MassMutual's Retirement Services Division and chairman of MassMutual International LLC. "We are very pleased that DALBAR, an organization with a tremendous level of expertise in evaluating retirement plan statements, has recognized MassMutual once again for our success in providing such helpful retirement plan statements," adds Sarsynski.
For more information about MassMutual's Retirement Services Division, please contact your financial professional or call MassMutual at 1-800-874-2502, option 4.
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.
About DALBAR, Inc.
DALBAR, Inc. is the financial community's leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service. Launched in 1976, DALBAR has earned the recognition for consistent and unbiased evaluations of investment companies, registered investment advisers, insurance companies, broker/dealers, retirement plan providers and financial professionals. DALBAR awards are recognized as marks of excellence in the financial community.
Copyright ©2014 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001. All rights reserved.
Contact: Jessica Barry
SOURCE MassMutual Retirement Services