What are they?
Retirement plans are plans offered by employers to their employees to help achieve income at retirement.
How are they used?
Different types of retirement plans may be offered as part of employee benefit packages to attract and retain top talent.
What are the benefits?
We offer a broad spectrum of defined contribution/401(k), defined benefit, and non-qualified deferred compensation plans to help participants prepare for retirement.
What are the different types of retirement plans that can help in attracting and retaining key employees?
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Defined Benefit Plans
Commonly known as pension plans, defined benefit plans provide employees with a fixed benefit upon retirement that is typically dependent on salary, length of employment and age at retirement.
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Defined Contribution Plans
Defined contribution plans are company-sponsored, tax-deferred retirement savings plans. Most commonly, a 401(k) plan.
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Non-Profit Plans
Non-profit plans are integrated tax-deferred retirement plans specifically for non-profit organizations.
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Non-Qualified Deferred Compensation Plans
Non-qualified deferred compensation plans are for companies with highly compensated employees whose ability to maximize plan contributions may be limited by the qualified plan.
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Taft-Hartley Plans
Taft-Hartley retirement plans are exclusively for labor unions to provide defined contribution and defined benefit plans to their members.
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Third Party Administrators
Third Party Administrators typically located near plan sponsors often work with us, serving as a local resource to handle many day-to-day plan administration functions.
Prefer to speak to someone about retirement products?
Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, MA 01111-0001.
Securities offered through MML Investors Services, Inc., 1295 State Street, Springfield, MA 01111-0001, (800) 542-6767. Member FINRA (www.finra.org) and SiPC (www.sipc.org) .
