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(Springfield, Mass.) - In an effort to drive awareness of its electronic prospectus delivery option among retirement plan sponsors and participants, MassMutual's Retirement Services Division is collaborating with The Conservation Fund's Go ZeroSM program to help address two of the world's most pressing environmental issues -- climate change and habitat loss. Effective immediately, for every plan sponsor who replaces paper delivery with e-prospectus delivery, MassMutual will make a donation to The Conservation Fund to plant a tree in a protected forest on their behalf.
E-prospectus delivery enables all MassMutual plan sponsors and participants to receive the most up-to-date prospectus information while minimizing the impact of paper usage on the environment. "The Conservation Fund applauds MassMutual for encouraging its customers to make simple choices that will help reduce paper consumption and restore wildlife habitat," said Jena Thompson, The Conservation Fund's director of Go Zero. "As trees grow, they will help trap carbon dioxide, restore critical wildlife habitat and enhance recreation areas. Together, we can help protect and restore a land and water legacy for current and future generations," adds Thompson. The Conservation Fund has been rated the nation's top environmental nonprofit, receiving an "A+" rating from the American Institute of Philanthropy for six years in a row.
By electing e-prospectus delivery, each time an investment change takes place for a MassMutual retirement plan - or a participant makes an investment change - the plan sponsor and/or participant will receive an e-mail notification with a link to the most recent prospectus. "The paper prospectus represents a significant cost in terms of trees, paper, postage and the overall impact on the environment and wildlife. Electronic prospectus is an alternative whose time has come and we're pleased to make it a simple choice for our customers," says Ian Sheridan, corporate vice president and chief marketing officer for MassMutual's Retirement Services Division.
To sign up for electronic prospectus delivery, plan sponsors and participants should log into their dedicated section of the MassMutual Web site at http://www.massmutual.com/retire. For more information on The Conservation Fund, please visit http://www.conservationfund.org.
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.
MassMutual Financial Group is the fleet name for Massachusetts Mutual Life Insurance Company
(MassMutual) [of which Retirement Services is a division] and its affiliates, with more than $450 billion in assets under management at year-end 2006. Assets under management include assets and certain external investment funds managed by MassMutual's affiliates.
Founded in 1851, MassMutual is a mutually owned financial protection, accumulation and income
management company headquartered in Springfield, Mass. MassMutual's major affiliates include:
OppenheimerFunds, Inc.; Babson Capital Management LLC; Baring Asset Management Limited;
Cornerstone Real Estate Advisers LLC; MML Investors Services, Inc., MassMutual International LLC and
The MassMutual Trust Company, FSB. MassMutual is on the Internet at www.massmutual.com.
Copyright © 2007 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001. All rights reserved. Securities offered through registered representatives of MML Investors Services, Inc., a MassMutual subsidiary. MML Investors Services, Inc., member FINRA and SIPC (www.finra.org and www.sipc.org).
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