What are retirement plans?
Retirement plans are plans offered by employers to their employees to help achieve income at retirement.
How are retirement plans used?
Different types of retirement plans may be offered as part of employee benefit packages to attract and retain top talent.
What are retirement plans benefits?
MassMutual offers a broad spectrum of defined contribution/401(k), defined benefit, and nonqualified deferred compensation plans to help participants prepare for retirement.
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Defined Benefit Plans
Defined benefit plans provide employees with a fixed benefit at 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.
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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 retirement plan contributions may be limited by the qualified plan.
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Professional Employer Organization (PEO) /Association Plans
A Multiple Employer Plan may be adopted by Professional Employer Organizations and Associations in order to provide §401(k) plan benefits to their employees.
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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.
Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, MA 01111-0001.
