SPRINGFIELD, Mass., Oct. 13 /PRNewswire/ -- MassMutual's Retirement Services Division recently hosted an online seminar on the interim final regulations under ERISA section 408(b)(2) for third-party administrators (TPAs) in the MassMutual network. The seminar, which focused on mandated disclosures that must be provided by certain categories of service providers to plan sponsors and their impact on TPAs, exemplifies MassMutual's commitment to helping its select network of third-party administrators effectively conduct business by helping them understand their fee disclosure requirements.
Presented by Dean Carey, assistant vice president and head of ERISA Advisory Services for MassMutual's Retirement Services Division, the online seminar emphasized service provider fee disclosure regulation and the consequences of disclosure failure.
"We truly value our select third-party administrator network and we're committed to being a valuable resource for TPAs by providing them with the tools they need to understand regulation changes and better serve plan sponsors and participants," says Mike McKenzie, corporate vice president and head of operations for MassMutual's Retirement Services Division. "Our goal is to make it as easy as possible for advisors and TPAs to conduct business and succeed in the marketplace," adds McKenzie.
"These online seminars provide valuable resources that help us understand market issues, especially as we navigate changes in regulations and fee disclosures. MassMutual's support and educational tools allow us to provide relevant and timely information to our mutual clients and referral sources. With MassMutual as a preferred provider, we can be confident in our business growth and quality of service as a third-party administrator," says Rob Wisner, president, Paragon Alliance Group, LLC, who attended the seminar.
To access a rebroadcast of the seminar, please go to MassMutual's advisor website (http://www.massmutual.com/edge) under Intellectual Capital/Resources. For more information about MassMutual Retirement Services, please contact your retirement plan advisor or contact MassMutual at 1-866-444-2601.
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.
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Contact: Lisa Reilly
SOURCE MassMutual Retirement Services