The kit provides TPAs with all necessary documents to complete the plan installation process, facilitating each retirement plan's smooth transition to MassMutual Retirement Services.
"I do business with many providers and MassMutual Retirement Services' TPA New Business Implementation Kit is the best that I've seen," states Stacey Potts, third-party administrator, PENFlex Services, Inc. "It is the most organized and concise kit available and truly provides everything I need in one place," continues Potts.
The enhanced version has been reorganized to increase ease of use, by simplifying and grouping related questions and incorporating funding and website applications. The incorporation of these applications reduced, on average, four signature requirements.
"MassMutual Retirement Services is committed to providing TPAs, advisors and sponsors with the best plan installation service in the marketplace today," states Gary Stamborski, vice president of TPA and new business operations. "The new kit is just one way we are striving to exceed the expectations of everyone involved throughout the plan installation experience," adds Stamborski.
"Since its initial launch in 2008, the kit has and will continue to undergo an annual review to incorporate industry best practices and efficiencies as well as valuable feedback from TPAs, advisors and sponsors," says John LaRoche, director of TPA and new business operations.
For more information about MassMutual Retirement Services, please contact your retirement plan advisor or call MassMutual at 1-866-444-2601.
About MassMutual
MassMutual's Retirement Services Division has been serving retirement plans for 65 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 1.3 million participants.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401k plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
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