Defined benefit plans provide employees with a fixed benefit at retirement. The benefit is typically dependent on the employee’s salary, length of employment and age at retirement. These benefits are promised by the company sponsoring the plan and insured by the Pension Benefit Guaranty Corporation.
Additionally, MassMutual’s Smart ArchitectureSM investment program has been designed for plan sponsors, their participants and investment consultants looking to put together a diverse investment program. We tap into some of the most talented money managers in the industry to provide investment options to drive plan health and participant retirement readiness.
MassMutual's defined benefit plan services include:
- Asset/liability management
- A multi-manager investment program
- Plan design, consulting and actuarial services
- Benefit payment processing
- Award-winning annual benefit statement for participants
- Experienced relationship management to coordinate services*
- A dedicated conversion team
- Online access to personalized benefit estimates and other information
- An award-winning Participant Information Center
* Available for many plans
Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, MA 01111-0001.
