MassMutual Retirement Services' Robust Nonprofit Business Sparks Addition to Sales Team

Jan 19, 2010, 17:07 ET from MassMutual Retirement Services

SPRINGFIELD, Mass., Jan. 19 /PRNewswire/ -- MassMutual's Retirement Services Division has hired a new nonprofit market specialist to support its booming retirement plan business in the nonprofit market.

Brenda Van joins MassMutual effective January 19 as western regional nonprofit market specialist, reporting to Scott Buffington, divisional sales manager and head of market development for MassMutual's Retirement Services Division. Ms. Van spent more than 22 years with Fidelity Investments where she most recently served as vice president and southwest regional manager. She brings extensive experience in the healthcare, education, and core nonprofit markets to her new role.

"MassMutual experienced more than a 70% increase in our nonprofit market business in 2009 and we expect this trend to continue," says Buffington. "We will continue to build out our sales team as necessary to deliver the in-depth expertise that retirement plan advisors and their nonprofit clients demand," he adds.

"MassMutual is highly regarded for our ability to deliver seamless consolidation of multiple plans under a single provider," says M. Palmer Whitney, national managing director for MassMutual's nonprofit market. "In addition to the healthcare market, MassMutual serves several nonprofit sub niches including charitable 501c(3) organizations, private education, associations and religious organizations. Brenda Van's deep experience in serving these nonprofit segments will be of tremendous value to retirement plan advisors and their clients in this space," adds Whitney.

Ms. Van is based in Salt Lake City, Utah, and can be reached at bvan@massmutual.com. For more information about MassMutual Retirement Services, please contact your advisor or contact 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. For more information, visit massmutual.com.

RS: 18611-00

Contact:  Lisa Reilly

413-744-0589

lreilly@massmutual.com


SOURCE MassMutual Retirement Services



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