Defined contribution plans are an important way for companies to help their employees prepare for retirement. Defined contribution plans, including 401(k) plans, are company-sponsored, tax-deferred retirement savings plans. Growth in these plans typically depends on employee and/or employer contributions and investment selections. Companies of all sizes may offer defined contribution plans as a way to both attract and retain employees by helping them save for retirement.
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 contribution plan services include:
- Internet services for plan sponsors and participants
- A multi-manager investment program
- Creative and informative communications
- Experienced relationship management to coordinate services*
- Innovative systems
- A dedicated conversion team
* Available for many plans
Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, MA 01111-0001.
