MassMutual Adds United Cerebral Palsy of New York City, Inc. to Growing List of Retirement Services Clients

SPRINGFIELD, Mass., Dec. 27, 2011 /PRNewswire/ -- MassMutual's Retirement Services Division has been selected by United Cerebral Palsy of New York City, Inc. (UCP of NYC) as the new provider for the company's 403(b), 401(k), and defined benefit retirement plans. The combined assets added to MassMutual's platform from UCP of NYC's retirement plans total $42 million.

Headquartered in Manhattan, New York, UCP of NYC is the leading nonprofit agency in New York City providing direct services, technology and advocacy to children and adults with cerebral palsy and other disabilities.

"MassMutual's ability to support UCP of NYC's 403(b), 401(k), and defined benefit retirement plans from a fully automated services platform made them a clear choice," says Edward Matthews, chief executive officer of UCP of NYC. "The transition of our three retirement plans to MassMutual was easy, seamless and well communicated. UCP of NYC looks forward to working with MassMutual to help each employee plan and save for retirement," adds Matthews. 

"In addition to strong total retirement services capabilities, UCP of NYC was also looking for a recordkeeper that could provide high quality communication and education programs for the multi-location organization," says Mark Spivack of The Weiss Group, who assisted UCP of NYC with the search for a new retirement plan provider. "MassMutual not only met, but exceeded these expectations with its highly effective on-site educational meetings and award-winning participant communications," adds Spivack.

"On behalf of MassMutual, I am pleased to welcome UCP of NYC and its approximately 1,000 employees as valued new retirement services clients," says Elaine Sarsynski, executive vice president, MassMutual's Retirement Services Division and chairman and CEO of MassMutual International LLC. "We look forward to helping each employee of UCP of NYC more effectively save towards a comfortable level of income in retirement," adds Sarsynski.

For more information about MassMutual Retirement Services, please contact your retirement plan advisor or call MassMutual at 1-866-444-2601.

About MassMutual

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) [of which Retirement Services is a division] and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

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/401(k) 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.

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.

About United Cerebral Palsy of New York City, Inc.

United Cerebral Palsy of New York City, Inc. (UCP of NYC) is the leading nonprofit agency in New York City providing direct services, technology and advocacy to children and adults of all ages with cerebral palsy and related disabilities. UCP of NYC offers a breadth of more than 75 comprehensive programs including medical, educational, technological, residential and habilitative services to over 14,000 New York City residents and families annually.

UCP of NYC was founded in 1946 by parents of children with cerebral palsy during an era when no community or school-based services existed, and when institutionalization was one of the few available options for their sons and daughters. Since then, the agency has been at the forefront nationally in developing a comprehensive network of services for people with disabilities and their families.

The mission of United Cerebral Palsy of New York City is to create opportunities for people with disabilities to lead independent and fulfilling lives. For more information, visit www.ucpnyc.org

For more information, visit www.massmutual.com or 'Like' MassMutual on Facebook and Facebook.com/retiresmart.

Copyright ©2011 Massachusetts Mutual Life Insurance Company (MassMutual) and affiliates, Springfield, MA 01111-0001. All rights reserved.

SOURCE MassMutual Retirement Services

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED